PWR Quanta Services (PWR) Q1 FY25 earnings call
Quanta Services delivered strong Q1 FY25 results, driven by robust growth across key financial metrics and a record backlog. The company raised its full-year 2025 guidance, reflecting confidence in its diversified portfolio and increasing demand for essential infrastructure, particularly high-voltage transmission. Management emphasized its solution-based approach and strategic investments, positioning Quanta for sustained growth amidst evolving energy and infrastructure landscapes.
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PWR operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | This call Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Backlog | $34.5BTotal backlog at year-end was $34.5 billion, and notably, Renewable Energy Infrastructure Solutions segment 12-month and total backlog achieved all-time highs.Source: earnings call transcript | $35.3BThis morning, we reported our first quarter 2025 results, which included robust double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $35.3 billion and a number of other record financial metrics.Source: earnings call transcript | $39.2BQuanta delivered another quarter of strong results, achieving double-digit growth in revenue, adjusted EBITDA and adjusted EPS compared to the prior year, along with record backlog of $39.2 billion and a number of other record financial metrics.Source: earnings call transcript | $44BLooking ahead, we see substantial momentum building across our end markets as evidenced by our total backlog of $44 billion.Source: earnings call transcript | $48.5BBased on the continued momentum evidenced by our record $48.5 billion of backlog, the strong performance during the quarter and improved visibility into the remainder of the year, we are raising our full year financial expectations.Source: earnings call transcript | $53BThis morning, we reported second quarter results that meaningfully exceeded expectations with strong double-digit growth in revenues, adjusted EBITDA and adjusted earnings per share, robust cash flow and record backlog of $53 billion.Source: earnings call transcript | +9.3% |
| Employees | — | — | — | ~69.5KIn the aggregate, the acquisitions we completed in 2025, along with our organic growth, added approximately 11,100 employees, bringing our total workforce to approximately 69,500 at year-end, reinforcing our self-perform capabilities that provide certainty and differentiates Quanta as a solutions provider.Source: earnings call transcript | — | 85K+Everything we are about to discuss starts with our more than 85,000 employees and the execution they deliver for our customers safely, on time and on budget every day.Source: earnings call transcript | — |
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