Quanta Services sees FY24 adjusted EPS $8.00-$8.50, consensus $8.36

Sees FY24 revenue $22.25B-$22.75B, consensus $22.08B. The company said, “Our 2024 expectations reflect the opportunity for continued growth in revenues and double-digit growth in adjusted EBITDA, adjusted earnings per share and free cash flow. Demand is strong for our solutions that support our customers’ energy-transition initiatives and that increase reliability, safety, efficiency and connectivity of infrastructure assets through modernization, and we are increasingly excited and confident about the opportunity to drive multi-year revenue and double-digit earnings per share growth. We continue to believe our portfolio approach is a strategic advantage that helps us manage risks and shift resources across service lines and geographies, which we believe will become increasingly important as the energy transition accelerates, and positions us well to allocate resources to the opportunities we find most economically attractive and achieve operating efficiencies and consistent financial results.”