Quanta Services, Inc.

Record Financial Performance: Quanta Services reported a strong financial performance for Q4 and full year 2024, with revenues of $6.6 billion and net income of $305.1 million. For 2025, the company expects continued growth with record revenues and double-digit growth in adjusted EBITDA and earnings per share, affirming its commitment to long-term strategic targets.

Strong Backlog and Growth Opportunities: The total backlog at year-end stood at $34.5 billion, with renewable energy infrastructure solutions segment achieving record twelve-month and total backlog. The company is positioned to capture further growth in utility capital expenditure, which exceeds $200 billion in North America, driven by increasing power demand and the energy transition.

M&A Activity: Quanta has recently completed two acquisitions for approximately $562 million, expected to enhance its service offerings and capabilities. While exact revenue contributions from these acquisitions were not disclosed, they are believed to bolster the utility and infrastructure segments.