Quanta Services ( (PWR) ) has released its Q1 earnings. Here is a breakdown of the information Quanta Services presented to its investors.
Quanta Services is a leading provider of specialized infrastructure solutions across the utility, renewable energy, technology, communications, pipeline, and energy industries, with operations spanning the United States, Canada, Australia, and select international markets. The company offers comprehensive services such as designing, installing, repairing, and maintaining energy, technology, and communications infrastructure.
In its latest earnings report, Quanta Services announced a record-breaking first quarter for 2025, with consolidated revenues reaching $6.2 billion, a significant increase from the previous year. The company also reported a GAAP diluted EPS of $0.96 and an adjusted diluted EPS of $1.78, alongside a net income attributable to common stock of $144.3 million and an adjusted EBITDA of $503.9 million.
Key financial highlights include a robust cash flow from operations of $243.2 million and a free cash flow of $117.8 million. Quanta Services also reported a record backlog of $35.3 billion, indicating strong demand for its infrastructure solutions. The company successfully repurchased approximately $135 million of its outstanding common stock and received credit rating upgrades, which are expected to lower borrowing costs and expand liquidity.
Strategically, Quanta Services was selected for a large electric transmission upgrade project by the Los Angeles Department of Water and Power, reflecting its strong position in the market. The company also completed two acquisitions in the first quarter, enhancing its service capabilities and market reach.
Looking ahead, Quanta Services has raised its full-year 2025 revenue and earnings expectations, demonstrating confidence in its growth trajectory despite macroeconomic uncertainties. The company remains focused on executing its strategic plan, leveraging its financial strength, and expanding its service lines to maintain its leadership position in the industry.