Record Second Quarter Consolidated Revenues of $3.0 Billion
Record Second Quarter GAAP and Adjusted Diluted EPS of $0.81 and $1.06
Remaining Performance Obligations of $4.4 Billion and Record Total Backlog of $17.0 Billion
Raises Full-Year 2021 Financial Outlook
LUMA Energy Joint Venture Commenced Operation and Maintenance of Puerto Rico’s Electric Power and Distribution System
HOUSTON, Aug. 5, 2021 /PRNewswire/ — Quanta Services, Inc. (NYSE: PWR) today announced results for the three months ended June 30, 2021. Revenues in the second quarter of 2021 were $3.00 billion compared to revenues of $2.51 billion in the second quarter of 2020, and net income attributable to common stock was $117.0 million, or $0.81 per diluted share, in the second quarter of 2021 compared to net income attributable to common stock of $73.9 million, or $0.52 per diluted share, in the second quarter of 2020. Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) was $1.06 for the second quarter of 2021 compared to $0.74 for the second quarter of 2020.
“Quanta generated record second quarter revenues, net income, adjusted EBITDA and earnings per share, led by the solid performance and safe execution from our Electric Power Infrastructure Solutions segment. Backlog of $17.0 billion at the end of the quarter set another record, reflecting our collaborative approach with customers and the growth of programmatic spending with existing and new customers,” said Duke Austin, President and Chief Executive Officer of Quanta Services.
“Our customers’ multi-year programs to modernize and harden utility infrastructure, along with their efforts to achieve carbon-neutrality