The company said revenue and operating income rose in all segments in 2023, and net cash provided by operating activities reached $1.58 billion, up 39.4% from 2022.

1. 01

   The company said revenue and operating income rose in all segments in 2023, and net cash provided by operating activities reached $1.58 billion, up 39.4% from 2022.

2. 02

   The company cited revenue increases of $2.39 billion from its Renewable Energy segment, $756.6 million from Electric Power, and $659.9 million from Underground and Infrastructure.

3. 03

   Quanta said remaining performance obligations were $13.89 billion and backlog was $30.11 billion as of December 31, 2023, up 57.9% and 25.0%, respectively, from December 31, 2022.

4. 04

   The company said it used cash of $651.6 million, net of cash acquired, for acquisitions in 2023 and paid $47.8 million in common stock dividends. As of December 31, 2023, available commitments under its senior credit facility plus cash and cash equivalents totaled $2.81 billion.

Key figures

Fiscal year ended December 31, 2023

Revenue

$20.9B

Operating income

$1.1B

Net income

$745M

EPS

$5.00

Gross profit

$2.9B

Operating cash flow

$1.6B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.