Quanta Services, Inc. (ticker: PWR) reported strong financial results for the first quarter of 2025, beating earnings expectations and raising its full-year adjusted EPS and EBITDA forecasts. The company posted an adjusted EPS of $1.78 and revenue of $6.23 billion. Its backlog surged to a record $35.3 billion, driven by robust execution in its Electric and Underground segments. The Electric Infrastructure Solutions backlog grew 26% year-over-year, and transmission and distribution (T&D) revenue increased by 24% year-over-year, with margins improving by 60 basis points. Additionally, PTC Inc. (ticker: PTC) exceeded its Q1 2025 revenue expectations, reflecting strong performance. Following these results, Quanta Services' shares were up 5.6% in pre-market trading.