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Quanta Services Reports First Quarter 2021 Results
First Quarter Consolidated Revenues of $2.7 Billion and Record First Quarter Electric Power Revenues
Record First Quarter Electric Power Operating Income
First Quarter GAAP Diluted EPS of $0.62 and Adjusted Diluted EPS of $0.83
Remaining Performance Obligations of $4.1 Billion and Record Total Backlog of $15.8 Billion
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HOUSTON, May 6, 2021 /PRNewswire/ Quanta Services, Inc. (NYSE: PWR) today announced results for the three months ended March 31, 2021. Revenues in the first quarter of 2021 were $2.70 billion compared to revenues of $2.76 billion in the first quarter of 2020, and net income attributable to common stock was $89.8 million, or $0.62 per diluted share, in the first quarter of 2021 compared to net income attributable to common stock of $38.7 million, or $0.26 per diluted share, in the first quarter of 2020. Adjusted diluted earnings per share attributable to c
Quanta Services Lifts FY21 Earnings, Revenue Outlook
WASHINGTON (dpa-AFX) - While reporting higher first-quarter profit, Infrastructure services provider Quanta Services, Inc. (PWR) Thursday raised its fiscal 2021 forecast.
Quanta now expects attributable net income between $469 million and $533 million, earnings per share between $3.25 and $3.69 and adjusted earnings per share between $4.12 and $4.57 for 2021. Revenues are expected to be between $12.05 billion and $12.35 billion.
Quanta previously expected adjusted earnings to be in the range of $4.02 to $4.52 and revenues between $11.95 billion and $12.35 billion.
On average, analysts polled by Thomson Reuters expect earnings of $4.31 per share on revenues of $12.14 billion. Analysts estimates typically exclude special items.
EBITDA is now expected to be between $1.02 billion and $1.11 billion for 2021 and adjusted EBITDA is now expected to be between $1.10 billion and $1.20 billion for 2021.
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