2023-05-04 07:01:45 ET
- Quanta Services press release ( NYSE: PWR ): Q1 Non-GAAP EPS of $1.24 beats by $0.12 .
- Revenue of $4.43B (+11.6% Y/Y) beats by $350M .
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Adjusted EBITDA of $332.4M.
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Remaining Performance Obligations of $10.3 Billion* and Total Backlog of $25.3B.
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Raising Full-Year 2023 Revenue Expectations and Reiterating Full-Year 2023 EPS Expectations : For the full year ending December 31, 2023, Quanta expects revenues to range between $18.60 billion and $19.10 billion vs. consensus of $18.68B and now expects net income attributable to common stock to range between $688 million and $762 million. Quanta also now expects diluted earnings per share attributable to common stock to range between $4.62 and $5.11 and continues to expect adjusted diluted earnings per share attributable to common stock (a non-GAAP financial measure) to range between $6.75 and $7.25 vs. consensus of $7.08. Quanta now expects EBITDA (a non-GAAP financial measure) to range between $1.70 billion and $1.82 billion and adjusted EBITDA (a non-GAAP financial measure) to range between $1.84 billion and $1.95 billion. Additionally, for the full year ending December 31, 2023, Quanta continues to expect net cash attributable to operating activities to range between $1.15 billion and $1.40 billion and free cash flow (a non-GAAP financial measure) to range between $750 million and $1.00 billion.
For further details see:
Quanta Services beats Q1 top and bottom line estimates; updates and revises FY23 outlook