Quanta Services said consolidated revenues and operating income for the quarter ended March 31, 2025 increased compared to Q1 2024. Revenues increased $1.03 billion in the Electric segment and $168.2 million in the Underground and Infrastructure segment.

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Quanta Services said consolidated revenues and operating income for the quarter ended March 31, 2025 increased compared to Q1 2024. Revenues increased $1.03 billion in the Electric segment and $168.2 million in the Underground and Infrastructure segment.
The company cited approximately $790 million in revenues from acquired businesses and increased demand for its services as factors in the Electric segment's revenue growth. Operating income in the segment increased $105.3 million.
Quanta Services said net cash provided by operating activities for the quarter ended March 31, 2025 was $243.2 million, a 2% increase compared to the same quarter in 2024. During the quarter, the company used $394.3 million on a net basis for acquisitions, $118.6 million for repurchases of common stock and $15.5 million for dividend payments.
As of March 31, 2025, the company said remaining performance obligations were $17.65 billion and backlog was $35.25 billion, representing increases of 5.3% and 2.1%, respectively, compared to December 31, 2024. As of the same date, available commitments under the senior credit facility combined with cash and cash equivalents totaled $2.91 billion.

Key figures

Quarter ended March 31, 2025

Revenue: $6.2B
Operating income: $239M
Net income: $144M
EPS: $0.96
Gross profit: $834M
Operating cash flow: $243M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q1 2025 Revenue and Operating Income Growth by Segment

Quanta Services said consolidated revenues and operating income for the quarter ended March 31, 2025 increased compared to Q1 2024. Revenues increased $1.03 billion in the Electric segment and $168.2 million in the Underground and Infrastructure segment.

Source · Based on the MD&A text of the filing

Electric Segment Revenue Growth and Acquired Business Revenues

The company cited approximately $790 million in revenues from acquired businesses and increased demand for its services as factors in the Electric segment's revenue growth. Operating income in the segment increased $105.3 million.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Spending on Acquisitions, Share Repurchases and Dividends

Quanta Services said net cash provided by operating activities for the quarter ended March 31, 2025 was $243.2 million, a 2% increase compared to the same quarter in 2024. During the quarter, the company used $394.3 million on a net basis for acquisitions, $118.6 million for repurchases of common stock and $15.5 million for dividend payments.

Source · Based on the MD&A text of the filing

Remaining Performance Obligations, Backlog and Available Liquidity

As of March 31, 2025, the company said remaining performance obligations were $17.65 billion and backlog was $35.25 billion, representing increases of 5.3% and 2.1%, respectively, compared to December 31, 2024. As of the same date, available commitments under the senior credit facility combined with cash and cash equivalents totaled $2.91 billion.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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