Quanta Services Reports Strong Q4 2024 Earnings
Quanta Services Inc. has announced its financial results for the fourth quarter of 2024, exceeding market expectations. The company’s share price increased significantly before the market opened.
Key Highlights
- Revenue and earnings have shown double-digit growth, driven by strong performance in the Renewable Energy Infrastructure Solutions segment.
- The company’s backlog has reached an all-time high of $34.5 billion as of year-end 2024.
Guidance for Full-Year 2025
Quanta Services has provided guidance for full-year 2025, expecting:
- Double-digit growth in revenues
- Double-digit growth in net income
- Double-digit growth in earnings per share
Management’s Outlook
Management has highlighted the company’s ability to adapt to changing market conditions and achieve record backlog in 2025.