Quanta Services Reports Fourth Quarter And Annual 2020 Results

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Go back to Quanta Services Reports Fourth Quarter And Annual 2020 Results

Quanta Services (PWR) Tops Q4 EPS by 23c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus, FY21 EPS Mid-Point Outlook Above Consensus

February 25, 2021 7:02 AM EST

Quanta Services (NYSE: PWR) reported Q4 EPS of $1.22, $0.23 better than the analyst estimate of $0.99. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.92 billion.

"Quanta's utility solutions and delivery model continue to produce world-class execution and performance, which drove fourth quarter results that exceeded our expectations and completed a solid year for Quanta that included improved profitability and record earnings per share and backlog, despite the unprecedented conditions caused by the global pandemic," said Duke Austin, President and Chief Executive Officer of Quanta Services. "We believe our 2020 results reflect... More