Full-Year 2022 Guidance Reflects Growth in Revenues, Net Income, Adjusted EBITDA and Adjusted EPS

HOUSTON, Feb. 24, 2022 /PRNewswire/ —

Fourth Quarter 2021 Results Include:

Consolidated Revenues of $3.92 Billion*
GAAP Diluted EPS of $0.71 and Adjusted Diluted EPS of $1.54*
Net Income Attributable to Common Stock of $104.8 Million
Adjusted EBITDA of $390.8 Million*
Year-End Total Backlog of $19.27 Billion*

Full-Year 2021 Results Include:

Revenues of $12.98 Billion*
GAAP Diluted EPS of $3.34* and Adjusted Diluted EPS of $4.92*
Net Income Attributable to Common Stock of $486.0 Million*
Adjusted EBITDA of $1.26 Billion*

*  = Record result
Quanta Services, Inc. (NYSE: PWR) today announced results for the three and twelve months ended December 31, 2021. Revenues in the fourth quarter of 2021 were $3.92 billion compared to revenues of $2.91 billion in the fourth quarter of 2020, and net income attributable to common stock was $104.8 million, or $0.71 per diluted share, in the fourth quarter of 2021 compared to net income attributable to common stock of $170.1 million, or $1.17 per diluted share, in the fourth quarter of 2020. Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) was $1.54 for the fourth quarter of 2021 compared to $1.22 for the fourth quarter of 2020.
“Quanta’s strong fourth quarter results complete a year in which we produced record revenues, profits and backlog, while also strategically transforming our ability to collaborate with our customers on their energy-transition initiatives. We believe our 2021 results reflect the success of our strategic initiatives and collaborative relationships with customers, as well as strong, sustainable

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