Quanta Services Reports Third Quarter 2020 Results

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Go back to Quanta Services Reports Third Quarter 2020 Results

Quanta Services (PWR) Tops Q3 EPS by 31c, Revenues Beat; Raises FY20 EPS Guidance, Provides FY20 Revenue Outlook

October 29, 2020 7:14 AM EDT

Quanta Services (NYSE: PWR) reported Q3 EPS of $1.40, $0.31 better than the analyst estimate of $1.09. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $3.01 billion.

Third Quarter Consolidated Revenues of $3.0 BillionRecord Quarterly GAAP Diluted EPS from Cont. Operations of $1.13 and RecordAdjusted Diluted EPS of $1.40Third Quarter Cash Flow from Operating Activities of $114.9 millionRemaining Performance Obligations of $4.4 Billion and Record Total Backlog of $15.1 BillionRaising 2020 Net Income, EBITDA and Earnings Per Share Expectations

"Quanta's third quarter results exceeded our expectations, driven by strong margins from both... More