Quanta services reports fourth quarter and full-year 2023 results

Full-year 2024 guidance reflects solid growth in revenues and opportunity for double-digit growth in net income, adjusted ebitda, cash flow from operations and earnings per share fourth quarter 2023 results include: consolidated revenues of $5.78 billion* gaap diluted eps of $1.42* and adjusted diluted eps of $2.04* net income attributable to common stock of $210.9 million* adjusted ebitda of $550.2 million* cash flow from operations of $1.00 billion* and strong free cash flow year-end remaining performance obligations of $13.89 billion* and total backlog of $30.11 billion* full-year 2023 results include: consolidated revenues of $20.88 billion* gaap diluted eps of $5.00* and adjusted diluted eps of $7.16* net income attributable to common stock of $744.7 million* adjusted ebitda of $1.95 billion* cash flow from operations of $1.58 billion* and strong free cash flow *  = record quarterly or record fourth quarter or full year result houston , feb. 22, 2024 /prnewswire/ -- quanta services, inc. (nyse: pwr) today announced results for the three and twelve months ended december 31, 2023. revenues in the fourth quarter of 2023 were $5.78 billion compared to revenues of $4.42 billion in the fourth quarter of 2022, and net income attributable to common stock was $210.9 million, or $1.42 per diluted share, in the fourth quarter of 2023 compared to net income attributable to common stock of $162.6 million, or $1.10 per diluted share, in the fourth quarter of 2022.
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