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HOUSTON - Quanta Services , Inc. (NYSE:PWR) reported first quarter earnings that exceeded analyst expectations, driving its stock up 2.6% in early trading. The infrastructure solutions provider also raised its full-year guidance, signaling confidence in its outlook despite macroeconomic uncertainties.
For the first quarter ended March 31, 2025, Quanta Services posted adjusted earnings per share of $1.78, surpassing the analyst consensus of $1.74. Revenue came in at $6.23 billion, beating estimates of $5.88 billion and representing a 23.9% increase YoY from $5.03 billion.
The company’s strong performance was driven by robust demand for its collaborative infrastructure solutions. Quanta Services reported record quarterly backlog of $35.3 billion, indicating a healthy pipeline of future projects.
"Quanta is pleased to report strong first quarter results, including robust double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $35.3 billion," said Duke Austin, President and CEO of Quanta Services.
Looking ahead, Quanta Services raised its full-year 2025 earnings guidance to a range of $10.05 to $10.65 per share, with the midpoint of $10.35 exceeding the analyst consensus of $10.17.
The company’s Electric Infrastructure Solutions and Underground and Infrastructure Solutions segments both delivered improved profitability, reflecting continued sound performance and safe execution.
Quanta Services also reported strong cash flow, with cash flow from operations of $243.2 million and free cash flow of $117.8 million for the quarter. The company repurchased approximately $135 million of its outstanding common stock during the period.
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