Quanta Services reports Q3 EPS $2.24, consensus $2.11

Reports Q3 revenue $5.62B, consensus $5.26B. “Quanta delivered strong results in the third quarter, led by record revenues and operating income from the Electric Power Infrastructure Solutions and Renewable Energy Infrastructure Solutions segments, which contributed to multiple record financial metrics, including revenues, adjusted EBITDA, adjusted earnings per share and free cash flow. Additionally, total backlog at the end of the third quarter reached $30.10 billion, an all time high, which we believe reflects the value of our collaborative client relationships and indicates momentum for 2024. Quanta continues to profitably grow and perform at a high-level, which we believe demonstrates the capability of our repeatable and sustainable model and the successful execution of our strategic initiatives to drive operational excellence, total cost solutions for our clients and value for our stakeholders,” said Duke Austin, President and Chief Executive Officer of Quanta Services.