Quanta Services (PWR) Reports Record Backlog of $48.5 Billion
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowQuanta Services (PWR) announced a record backlog of $48.5 billion at the end of Q1, a 37.5% increase year-over-year. The company’s 12-month backlog also rose by 45%, equating to its full-year 2025 revenue. The shift towards larger fixed-price contracts, comprising 63% of total revenue, is expected to enhance margin potential. Additionally, adjusted EBITDA increased by 36% in the quarter, with operating margins improving to 8.7%. These trends indicate strong demand and operational efficiency but suggest a need to monitor valuation due to growth pressures.
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About Quanta Services Inc. (PWR)
Quanta Services provides infrastructure construction for the power and energy industries.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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