Quanta Services Reports Q4 2024 EPS of $2.94, Revenue of $6.55B, Backlog Up 15%, Shares Up 7.5%

Quanta Services Inc. reported strong fourth-quarter results for 2024, with adjusted earnings per share (EPS) of $2.94, exceeding analyst expectations of $2.62. The company's revenue reached $6.55 billion, slightly below the forecast of $6.61 billion. Year-over-year, Quanta's EPS increased by 44%, total revenue rose by 14%, and adjusted EBITDA grew by 34%. The electric power infrastructure segment saw a 34% increase in revenue, with a backlog up by 28%. Following the announcement, shares of Quanta Services rose by 7.5% in pre-market trading, reflecting investor confidence in the company's performance and its ability to meet the growing demand for power and infrastructure solutions.