QUANTA SERVICES Reports 19.3% Increase in Revenue for Quarter Ended June 30, 2023

August 21, 2023

☀️Earnings Overview

For the quarter ended June 30, 2023, QUANTA SERVICES ($NYSE:PWR) reported total revenue of USD 5048.6 million, a 19.3% increase from the same period in their fiscal year 2022. Net income rose 88.5%, amounting to USD 165.9 million.

Analysis

GoodWhale has recently conducted an analysis of QUANTA SERVICES to determine its wellbeing. The Risk Rating provided by GoodWhale suggests that the investment carries a medium risk in terms both of financial and business aspects. For more detailed information, GoodWhale has identified one risk warning in the balance sheet. To access this information, users must be registered with the platform. The analysis by GoodWhale provides a comprehensive view on QUANTA SERVICES’ performance, enabling investors to make informed decisions regarding investments. It is important to note that the risks associated with any investment can be exacerbated by external factors. Therefore, it is important to stay up to date with the latest developments in order to maximize returns and minimize losses. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Quanta Services. More…

    Total Revenues Net Income Net Margin
    18.35k 579.47 3.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Quanta Services. More…

    Operations Investing Financing
    1.08k -617.19 -311.07
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Quanta Services. More…

    Total Assets Total Liabilities Book Value Per Share
    14.74k 9.01k 39.41
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Quanta Services are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    16.1% 17.3% 5.3%
    FCF Margin ROE ROA
    3.7% 10.7% 4.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    The company competes with MasTec Inc, Infrastructure and Energy Alternatives Inc, Assystem SA, and other companies in the infrastructure services market. Quanta Services Inc. has a strong market position and offers a variety of services to its customers. The company is well-positioned to compete in the infrastructure services market.

    – MasTec Inc ($NYSE:MTZ)

    MasTec Inc is a diversified infrastructure construction company with operations in the United States, Canada, and the Caribbean. The company has a market capitalization of $6.13 billion as of 2022 and a return on equity of 6.63%. MasTec’s operations are focused on the construction and engineering of energy, industrial, and commercial infrastructure. The company’s energy infrastructure segment includes the construction of oil and gas pipelines, power generation facilities, and renewable energy projects. The industrial infrastructure segment includes the construction of manufacturing plants, warehouses, and distribution centers. The commercial infrastructure segment includes the construction of office buildings, retail centers, and hotels.

    – Infrastructure and Energy Alternatives Inc ($NASDAQ:IEA)

    Assystem SA is a French engineering company. The company has a market cap of 551.96M as of 2022 and a Return on Equity of 8.74%. The company provides engineering and consulting services to the aerospace, defense, nuclear, and oil and gas industries.

    Summary

    QUANTA SERVICES posted strong financial results in the second quarter of fiscal year 2023, with total revenue up 19.3% and net income increasing 88.5%. This is a positive sign for investors, as it indicates the company is continuing to grow and generate profits. Investors can be encouraged by the consistent increases in revenue and net income, both of which are important indicators of a company’s financial strength.

    Furthermore, the company has a history of paying dividends to its shareholders, which can provide an additional return on investment. Overall, QUANTA SERVICES appears to be a sound investment to consider.

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