Welcome to our dedicated page for Quanta Services news (Ticker: PWR), a resource for investors and traders seeking the latest updates and insights on Quanta Services stock.
Quanta Services, Inc. provides specialized infrastructure solutions for utility, power generation, load center, communications, pipeline and energy customers. Its services include designing, installing, repairing and maintaining energy, load center and communications infrastructure across the United States, Canada, Australia and select international markets.
Company updates commonly cover quarterly results, backlog, margin performance, financial guidance, dividends, investor presentations and project-execution conditions such as weather, permitting, regulation and supply-chain timing. News also includes completed acquisitions that expand Quanta’s electrical infrastructure, load center, electric utility and aviation service capabilities, including Tri-City Group, Wilson Construction Company and Billings Flying Service.
Quanta Services, Inc. (NYSE: PWR) reported strong first-quarter 2024 results, with consolidated revenues reaching $5.03 billion, GAAP diluted EPS of $0.79, and adjusted diluted EPS of $1.41. Net income attributable to common stock was $118.4 million, and adjusted EBITDA stood at $387.3 million. The company achieved record cash flow, with operating cash flow of $238.0 million and free cash flow of $181.2 million. Quanta Services raised its full-year 2024 revenue and earnings per share expectations, showcasing robust performance across its Electric Power Infrastructure Solutions segment. The company's total backlog reached $29.9 billion, reflecting strong demand for its solutions supporting energy transition initiatives and infrastructure asset modernization.
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