Quanta Services, Inc. provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; energized installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment also offers aviation services; emergency restoration services; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, and other customers; and training for electric workers, as well as training for the gas distribution and communications industries. The Renewable Energy Infrastructure Solutions segment is the involved in engineering, procurement, construction, upgrade, repair, and maintenance services to renewable generation facilities, such as wind, solar, and hydropower generation facilities, as well as battery storage facilities; and provision of engineering and construction services for substations and switchyards, transmission, and other electrical infrastructures. The Underground Utility and Infrastructure Solutions segment offers design, engineering, construction, upgrade repair, and maintenance services to customers involved in the transportation, distribution, storage and processing of natural gas, oil, and other products; fabrication of pipeline support systems and related structures and facilities; and engineering and construction of pipeline and storage systems, and compressor and pump stations. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. Quanta Services, Inc. was incorporated in 1997 and is headquartered in Houston, Texas.

Quanta Services, Inc.

Revenues

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Cost of Services

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Gross Profit

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Equity in Earnings of Integral Unconsolidated Affiliates

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Operating Income

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Other Income, Net

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Income from Discontinued Operations, Net of Taxes

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Net Income

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Continuing Operations

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Total Revenues

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Cost of Sales

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Selling, General & Administrative Expenses

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Income Before Provision for Income Taxes

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Net Income Attributable to Minority Interests and Other

Revenue

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CapEx

Net Interest Income

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Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	27,191.2	23,672.8	20,882.2	17,073.9	12,980.2	11,202.7	12,112.2	11,171.4	9,466.5	7,651.3	7,572.4
Total Revenues %Chg	18.7%	13.4%	22.3%	31.5%	15.9%	-7.5%	8.4%	18%	23.7%	1%	-2.3%
Revenues
Cost of Sales	23,069.8	20,162	17,945.1	14,544.7	11,027	9,541.8	10,511.9	9,691.5	8,224.6	6,637.5	6,648.8
Cost of Services
Gross Profit	4,121.4	3,510.8	2,937.1	2,529.2	1,953.3	1,660.8	1,600.3	1,480	1,241.9	1,013.8	923.7
Gross Profit
Gross Profit Margin	15.2%	14.8%	14.1%	14.8%	15%	14.8%	13.2%	13.2%	13.1%	13.3%	12.2%
Selling, General & Administrative Expenses	-2,101.5	-1,824.8	-1,555.1	-1,336.7	-1,156	-975.1	-956	-857.6	777.9	653.3	592.9
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	-471.7	-383	-289	-354	-165.4	-76.7	-62.1	-44	32.2	31.7	34.8
Amortization of Intangible Assets
Other Operating Expenses	-56.7	-50.5	-41.6	-38	-38.3	-3	13.9	49.4	-58.1	-8	-58.5
Goodwill Impairment
Asset Impairment Charges
Equity in Earnings of Integral Unconsolidated Affiliates
Operating Profit	1,579.3	1,346.5	1,128	872.1	663.5	611.4	554.9	540.3	378.8	320.8	237.5
Operating Income
Operating Margin	5.8%	5.7%	5.4%	5.1%	5.1%	5.5%	4.6%	4.8%	4%	4.2%	3.1%
Interest and Investment Income	24.9	32.4	10.8	2.6	3.2	2.4	0.9	1.6	0.8	2.4	1.5
Interest Income
Interest Expense	-242	-202.7	-186.9	-124.4	-68.9	-45	-66.9	-36.9	-20.9	-14.9	-8
Interest and Other Financing Expenses
Non-Operating Income	49.6	42.9	24.6	-42	31.8	3.3	96.8	-58.5	0.2	-0.7	-2.3
Change in Fair Value of Contingent Consideration Liabilities
Loss on Early Extinguishment of Debt, Net
Other Income, Net
Total Non-Operating Income	-167.5	-127.4	-151.5	-163.8	-33.9	-39.3	30.8	-93.9	-19.9	-13.1	-8.8
Income Before Provision for Income Taxes	1,386.2	1,212	970	703.9	622.9	571.3	572.3	457.7	353.8	307.7	228.7
Income Before Income Taxes
Provision for Income Taxes	350.6	284.7	219.3	192.2	130.9	119.4	165.5	161.7	35.5	107.2	97.5
Provision for Income Taxes
Consolidated Net Income	1,035.6	927.3	750.7	511.6	492	452	406.8	296	318.2	200.4	131.2
Net Income from Continuing Operations
Net Income Attributable to Minority Interests and Other	17.6	22.5	6	20.5	6	6.4	4.8	2.7	3.2	1.7	10.9
Less: Net Income Attributable to Non-Controlling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	-0.3	190.6
Income from Discontinued Operations, Net of Taxes
Net Income from Discontinued Operations
Net Income Attributable to Common Shareholders	1,018	904.8	744.7	491.2	486	445.6	402	293.3	315	198.4	310.9
Net Income Attributable to Common Stock
Basic EPS	6.9	6.2	5.1	3.4	3.5	3.2	2.8	1.9	2	1.3	1.6
Diluted EPS	6.8	6	5	3.3	3.3	3.1	2.7	1.9	2	1.3	1.6
Basic Weighted Average Shares Outstanding	148.4	146.9	145.2	143.5	140.8	141.4	145.7	153	156.1	157.3	195.1
Total Shares Outstanding	149.1	147.7	145.5	142.9	142.6	138.3	142.4	141.6	153.8	151.2	159.8
Diluted Weighted Average Shares Outstanding	151	150.1	148.8	148	145.4	145.2	147.5	154.2	157.2	157.3	195.1
EBITDA	2,448.6	2,088.8	1,741.8	1,516.7	1,084.4	913.3	835.1	786.8	594.9	522.7	435.2
Effective Tax Rate	25.3%	23.5%	22.6%	27.3%	21%	20.9%	28.9%	35.3%	10%	34.9%	42.6%