Quanta Services, Inc. · NYSE:PWR
Quanta Services — Q1 2025 Earnings Presentation
18 slides from Quanta Services's earnings presentation, May 1, 2025
Slide 1: First Quarter 2025 Operational and Financial Commentary
May 1, 2025 First Quarter 2025 Operational and Financial Commentary This document is a supplement to our press release reporting first quarter 2025 results for Quanta Services, Inc. (together with its subsidiaries, Quanta, we, us or our). Our earnings release was previously distributed by Cision and
Slide 2: 1Q25 Financial Highlights
1Q25 Financial Highlights Three Months Ended March 31, 2025 2024 Revenues $ 6,233,334 $ 5,031,819 Revenue growth 23.9 % Organic revenue* growth 6.3 % Operating income $ 239,081 $ 155,354 Net income attributable to common stock $ 144,258 $ 118,360 Net income attributable to common stock growth 21.9 %
Slide 3: Electric Infrastructure Solutions Segment results
• Our Electric segment operations performed well in the first quarter of 2025, with revenues of $4.9 billion and operating income margin of 8.3%. • Revenues reflect strong demand across the segment, with particular strength from our technology and power generation and energy storage solutions. • Mar
Slide 4: Underground & Infrastructure Solutions Segment
Underground & Infrastructure Solutions Segment (Underground and Infrastructure) * Operating Income Margins are calculated by dividing operating income by revenues. Included in operating income for the Underground and Infrastructure segment during the three months ended March 31, 2025 was $4.2 millio
Slide 5: Underground and Infrastructure segment backlog
*Refer to the Appendix for a definition and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure • Total backlog for the Underground and Infrastructure segment decreased to $5.6 billion at the end of the first quarter of 2025 and includes contributions of ap
Slide 6: Total backlog as of March 31, 2025
*Refer to the Appendix for a definition and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure • As of March 31, 2025, total backlog was $35.3 billion and twelve-month backlog was $19.4 billion, which demonstrates the robust demand for our infrastructure s
Slide 7: Liquidity, capital allocation and debt
be opportunistic with potential stock repurchases and remain committed to measuring external capital investment against return opportunities presented through stock repurchases. Accordingly, we continue to evaluate an active pipeline of strategic acquisition opportunities that we believe have the op
Slide 8: Impact of Trade Tariffs and Mitigation Strategies
Impact of Trade Tariffs and Mitigation Strategies Recently implemented trade tariffs have impacted global trade relationships and led to increased macroeconomic uncertainty. We believe that the terms and conditions in our contracts limit our exposure to direct cost increases associated with the curr
Slide 9: Full-Year 2025 Guidance
Full-Year 2025 Guidance *The investment community is encouraged to review Quanta’s Outlook Expectations Summary, which can be found on the Investor Relations section of our website at http://investors.quantaservices.com in the News & Events and Financial Info sections. This document provides a detai
Slide 10: Segment Guidance
Electric Segment Guidance 2025 Estimated Range Low Mid High Revenues ($M) $21,700 $21,850 $22,000 Revenue Growth 14.1% 14.9% 15.7% OI Margin 10.0% 10.3% 10.5% • We have increased our expectations for the Electric segment, which we now expect to have revenues between $21.7 and $22.0 billion for the f
Slide 11: Supplemental Disclosure
Supplemental Disclosure As dynamics in the utility, power generation and technology industries continue to converge, the demand for our portfolio of solutions continues to expand. The supplemental information below provides additional insight into the estimated growth opportunities across each of ou
Slide 12: Positive Multi-Year Outlook
Positive Multi-Year Outlook Quanta’s core strategy is built on the foundation of craft labor, execution certainty, investment discipline and a clear strategic rationale. Our strategic initiatives are enhancing our service lines and capabilities while also expanding our customer base and, as a result
Slide 13: Appendix: Notice to Investors
NOTICE TO INVESTORS This commentary (and oral statements regarding the subject matter of this commentary) includes forward-looking statements intended to qualify under the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statemen
Slide 14: Non-GAAP measure definitions
Gains and losses on sales of investments and businesses vary from period to period depending on activity; and Change in fair value of contingent consideration liabilities varies from period to period depending on, among other things, the performance in post-acquisition periods of certain acquired bu
Slide 15: Reconciliation of Adjusted Net Income and Adjusted Diluted EPS
Reconciliation of Adjusted Net Income Attributable to Common Stock and Adjusted Diluted Earnings Per Share Attributable to Common Stock ($000s, except per share amounts) 2024 2025 FY 2025 Guidance Range 1Q 1Q Low Mid High Reconciliation of adjusted net income attributable to common stock: Net income
Slide 16: Reconciliation of Adjusted EBITDA and Free Cash Flow
Reconciliation of Adjusted EBITDA ($000s) 2024 2025 FY 2025 Guidance Range 1Q 1Q Low Mid High Net income attributable to common stock (GAAP as reported) $ 118,360 $ 144,258 $ 1,042,300 $ 1,087,600 $ 1,132,900 Interest expense, net 33,049 50,471 190,000 192,500 195,000 Provision for income taxes 21,0
Slide 17: Reconciliation of Backlog
Reconciliation of Backlog ($000s) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 12 Month Total 12 Month Total 12 Month Total 12 Month Total 12 Month Total Electric Infrastructure Solutions Remaining performance $ obligations $ 8,701,452 $ 13,709,083 $ 8,255,407 $ 1
Slide 18: Cautionary Statement About Forward-Looking Statements and Information
Cautionary Statement About Forward-Looking Statements and Information This commentary (and oral statements regarding the subject matter of this commentary) contains forward-looking statements intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Re