Strong Financial Performance: Quanta Services reported Q1 2025 revenues of $6.2 billion, net income of $144 million ($0.96 per share), and adjusted EBITDA of $504 million (8.1% of revenues). This represents robust double-digit growth in revenue, adjusted EBITDA, and adjusted EPS compared to the prior year, continuing the strong performance trend since 2020.
Record Backlog and Increased Guidance: The company achieved a record backlog of $35.3 billion and has raised its full-year 2025 guidance by $100 million for revenue, $10 million for adjusted EBITDA, and $0.15 for adjusted EPS. This reflects ongoing customer demand and confidence in Quanta’s execution capabilities.
High Voltage Transmission Market Opportunity: Quanta's CEO highlighted significant growth potential in the high-voltage transmission market, indicating that this could lead to the largest investment expansion in high-voltage infrastructure in a generation. Given the increased power demand and the need for resilient electric grids, the outlook for this sector is very positive.