Quanta Services sees FY23 adjusted EPS $7.00-$7.20, consensus $7.13

The company said, “Quanta now expects revenues to range between $20.1 billion and $20.4 billion and net income attributable to common stock to range between $729 million and $759 million. Quanta also now expects diluted earnings per share attributable to common stock to range between $4.90 and $5.10 and adjusted diluted earnings per share attributable to common stock to range between $7.00 and $7.20. Quanta now expects EBITDA to range between $1.74 billion and $1.79 billion and adjusted EBITDA to range between $1.91 billion and $1.95 billion. Additionally, for the full year ending December 31, 2023, Quanta continues to expect net cash attributable to operating activities to range between $1.20 billion and $1.40 billion and free cash flow (a non-GAAP financial measure) to range between $800 million and $1.00 billion.”