Quanta Services Reports Fourth Quarter And Annual 2020 Results
Record Fourth Quarter GAAP Diluted EPS of $1.17 and Adjusted Diluted EPS of $1.22
Record Annual GAAP Diluted EPS of $3.07 and Adjusted Diluted EPS of $3.82
Record Annual Net Income Attributable to Common Stock of $445.6 Million
Record Annual Adjusted EBITDA of $1.05 Billion
Record Full-Year Cash Flow Provided by Operating Activities of $1.12 Billion
Record Free Cash Flow of $891.9 Million and Full-Year 2021 Guidance Reflects Growth in Revenues, Net Income, Adjusted EBITDA and Adjusted EPS
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HOUSTON, Feb. 25, 2021 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and twelve months ended December 31, 2020. Revenues in the fourth quarter of 2020 were $2.91 billion compared to revenues of $3.11 billion in the fourth quarter of 2019, and net income attributable to common stock was $170.1 million, or $1.17 per diluted share, in the fourth quarter of 2020 compared to net income attributable to common stock of $118.1 million, or $0.80 per diluted share, in the fourth quarter of 2019. Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) was $1.22 for the fourth quarter of 2020 compared to $0.93 for the fourth quarter of 2019.