Quanta Services (PWR) Tops Q4 EPS by 8c

Quanta Services (NYSE: PWR) reported Q4 EPS of $1.68, $0.08 better than the analyst estimate of $1.60. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.28 billion.

GUIDANCE:

Quanta Services sees FY2023 EPS of $6.75-$7.25, versus the consensus of $6.98. Quanta Services sees FY2023 revenue of $18.4-18.9 billion, versus the consensus of $18.18 billion.

• For the full year ending December 31, 2023, Quanta expects revenues to range between $18.40 billion and $18.90 billion, net income attributable to common stock to range between $692 million and $766 million and diluted earnings per share attributable to common stock to range between $4.67 and $5.17. Quanta expects adjusted diluted earnings per share attributable to common stock (a non-GAAP financial measure) to range between $6.75 and $7.25, EBITDA (a non-GAAP financial measure) to range between $1.69 billion and $1.81 billion, and adjusted EBITDA (a non-GAAP financial measure) to range between $1.82 billion and $1.94 billion. Additionally, for the full year ending December 31, 2023, Quanta expects net cash attributable to operating activities to range between $1.15 billion and $1.40 billion and free cash flow (a non-GAAP financial measure) to range between $750 million and $1.00 billion.

For earnings history and earnings-related data on Quanta Services (PWR) click here.

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