Quanta Services Reports Fourth Quarter And Annual 2020 Results

Record Fourth Quarter GAAP Diluted EPS of $1.17 and Adjusted Diluted EPS of $1.22
Record Annual GAAP Diluted EPS of $3.07 and Adjusted Diluted EPS of $3.82
Record Annual Net Income Attributable to Common Stock of $445.6 Million
Record Annual Adjusted EBITDA of $1.05 Billion
Record Full-Year Cash Flow Provided by Operating Activities of $1.12 Billion
Record Free Cash Flow of $891.9 Million and Full-Year 2021 Guidance Reflects Growth in Revenues, Net Income, Adjusted EBITDA and Adjusted EPS

HOUSTON, Feb. 25, 2021 /PRNewswire/ —¬†Quanta Services, Inc. (NYSE: PWR) today announced results for the three and twelve months ended December¬†31, 2020. Revenues in the fourth quarter of 2020 were $2.91 billion compared to revenues of $3.11 billion in the fourth quarter of 2019, and net income attributable to common stock was $170.1 million, or $1.17 per diluted share, in the fourth quarter of 2020 compared to net income attributable to common stock of $118.1 million, or $0.80 per diluted share, in the fourth quarter of 2019. Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) was $1.22 for the fourth quarter of 2020 compared to $0.93 for the fourth quarter of 2019.

“Quanta’s utility solutions and delivery model continue to produce world-class execution and performance, which drove fourth quarter results that exceeded our expectations and completed a solid year for Quanta that included improved profitability and record earnings per share and backlog, despite the unprecedented conditions caused by the global pandemic,” said Duke Austin, President and Chief Executive Officer of Quanta Services. “We believe

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