Quanta Services, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024
February 22, 2024 at 06:55 am EST
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Quanta Services, Inc. provided earnings guidance for the year ending December 31, 2024. For the year, the company expects revenues to range between $22.25 billion and $22.75 billion and net income attributable to common stock to range between $851 million and $925 million. Quanta also expects diluted earnings per share attributable to common stock to range between $5.71 and $6.21.
Quanta Services, Inc. is one of the leading providers of specialized services for infrastructures in the United States. Net sales break down by area of activity as follows:
- electric power (58.7%): design, installation, repair and maintenance of onshore infrastructures, consulting and technical support services, etc.;
- oil and gas (27.2%): construction, installation and maintenance of onshore infrastructures (pipelines, production facilities, etc.) and offshore infrastructures (submarine pipelines, oil platforms, etc.) and logistics services;
- renewable energies (14.1%): engineering, construction, maintenance and repair of wind, solar and hydroelectric power generation facilities.
Net sales break down geographically as follows: the United States (85.3%), Canada (12%), Australia (1.7%) and other (1%).
QUANTA SERVICES, INC. 
