NYSE$PWR

Quanta Services Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Quanta Services reported strong revenue growth in every segment and a record total backlog.

Quanta Services reported first quarter consolidated revenues of $4.0 Billion with GAAP diluted EPS of $0.57 and adjusted diluted EPS of $1.37. The company reiterated full-year 2022 financial expectations.

  • Quanta delivered a strong first quarter to start the year, with significant revenue growth in each segment.
  • Record total backlog of $20.5 billion.
  • Solid and safe execution by our portfolio of companies, which produced record first quarter adjusted earnings per share (EPS).
  • Reiterating our 2022 consolidated financial expectations.

Headline financials

Total Revenue

$3.97B

Previous: $2.7B+46.7%
EPS (adj)

$1.37

Previous: $0.83+65.1%
Total Backlog

$20.5B

Previous: $15.8B+29.5%
Capital Expenditures

-$110M

Previous: -$83.5M-31.7%
Free Cash Flow

-$25.3M

Previous: $6.28M-503.1%
Net Income

$84.6M

Previous: $89.8M-5.7%
Operating Income

$118M

Previous: $114M+3.3%
Gross Profit

$548M

Previous: $373M+47.0%
Cash & Equivalents

$238M

Previous: $200M+19.0%
Total Assets

$13B

Previous: $8.56B+52.1%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Quanta Services · Revenue · Quarterly

$3.97B

Q1 2022+46.7%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Quanta Services · $951M total across 1 segment · Q1 2022

  • Underground Utility and Infrastructure
    $951M+47.8%

Forward guidance

For the full year ending December 31, 2022, Quanta now expects revenues to range between $16.20 billion and $16.70 billion, net income attributable to common stock to range between $515 million and $590 million, diluted earnings per share attributable to common stock to range between $3.47 and $3.97 and adjusted diluted earnings per share attributable to common stock to range between $6.00 and $6.50 for the full year ending December 31, 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+5.0%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+12.9%

Q1 2026

Best reaction

-11.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.9%+22.8%+13.1%
Q4 2025+5.8%+9.4%+6.9%
Q3 2025+1.2%-2.2%+3.6%
Q2 2025-1.2%-5.3%-8.1%
Q1 2025+10.0%+8.5%+17.0%
Q4 2024-3.7%-9.5%-8.2%
Q3 2024-0.2%+3.0%+5.0%
Q2 2024-2.6%-0.6%-1.0%
Q1 2024-0.2%+1.3%-0.5%
Q4 2023-3.0%-7.7%-8.6%
Q3 2023+6.0%+3.4%+19.4%
Q2 2023-1.0%+0.2%+5.0%
Q1 2023+1.7%+1.7%+7.1%
Q4 2022+8.2%+8.8%+8.3%
Q3 2022+7.3%+8.0%+11.9%
Q2 2022-0.1%-0.9%+2.6%
Q1 2022-3.0%-7.8%+6.5%
Q4 2021+10.1%+10.2%+36.6%
Q3 2021+0.5%+1.2%-3.6%
Q2 2021+3.7%+5.8%+30.3%
Q1 2021+2.9%+1.2%-4.3%
Q4 2020+3.4%+3.8%+7.4%
Q3 2020+2.5%+10.6%+14.9%
Q2 2020+8.4%+16.5%+21.5%
Q1 2020+1.3%-5.9%+25.0%
Q4 2019+2.8%+4.0%-19.5%
Q3 2019+4.0%+3.0%-1.0%
Q2 2019-8.0%-7.4%-4.5%
Q1 2019-2.1%-3.4%-3.7%
Q4 2018-0.1%-0.7%+4.9%
Q3 2018+1.5%-3.4%-10.0%
Q2 2018-0.7%-1.8%-2.3%
Q1 2018+2.1%+2.7%+4.4%
Q4 2017-3.4%-2.3%-2.0%
Q3 2017-1.4%-1.6%+8.4%
Q2 2017+1.1%-1.9%-2.2%
Q1 2017-2.2%-5.7%-7.6%
Q4 2016+0.5%+0.9%-0.6%
Q3 2016+7.2%+9.7%+22.6%
Q2 2016-0.2%+0.2%+4.7%
Q1 2016+1.8%
Q4 2015+3.4%
Q3 2015+2.5%
Q2 2015+3.4%
Q1 2015+4.1%
Q4 2014-0.3%
Q3 2014+2.1%
Q2 2014+3.8%
Q1 2014-1.9%
Q4 2013+1.8%
Q3 2013-0.1%
Q2 2013+1.0%
Q1 2013-1.0%
Q4 2012-0.0%
Q3 2012-1.4%
Q2 2012+0.1%
Q1 2012-1.4%
Q4 2011-0.6%
Q3 2011-6.6%
Q2 2011-11.0%
Q1 2011+2.0%
Q4 2010-0.6%
Q3 2010-1.0%
Q2 2010+0.2%
Q1 2010+4.7%

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