Quanta Services Reports Strong Q3 Results with Significant Revenue and EPS Beat
Quanta Services (NYSE: PWR) delivered a robust third-quarter performance, significantly exceeding market expectations. The company reported Non-GAAP earnings per share of $6.06, surpassing estimates by $1.03, while revenue reached $12.01 billion—a 57.4% increase year-over-year and a beat of $1.03 billion. The results are underpinned by massive demand for infrastructure, specifically driven by the expansion of AI infrastructure and data centers. The company maintains a formidable financial position with a total backlog of $63.7 billion and Remaining Performance Obligations (RPO) totaling $41.8 billion, signaling long-term growth potential in its current multi-year cycle.
Topics: backlog earnings beat infrastructure revenue growth RPO