Robust Double-Digit Growth
Quanta Services reported double-digit growth in revenue, adjusted EBITDA, and adjusted earnings per share for Q1 2025. Revenue reached $6.2 billion, and the company achieved a record backlog of $35.3 billion.
Credit Rating Upgrade
S&P Global Ratings upgraded Quanta's long-term issuer rating to BBB flat from BBB and short-term issuer rating to A2 from A3, reflecting improved financial position and growth strategy support.
Increased Financial Guidance for 2025
Quanta increased its 2025 expectations for revenues by $100 million, adjusted EBITDA by $10 million, and adjusted earnings per share by $0.15.
Strong Cash Flow Generation
The company generated $243 million in cash flow from operations and $118 million in free cash flow in Q1 2025.
Successful Execution of Strategic Plan
Quanta's strategic investments in talent, technology, and complementary businesses have strengthened its leadership position and driven long-term sustainable value creation.