The stock is trading up $35.77 (+5.89%) at $642.67.
From Benzinga, October 29:
Quanta Services (NYSE:PWR) reported third-quarter financial results on Thursday. The transcript from the company’s third-quarter earnings call has been provided below.
This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation.
View the webcast at https://investors.quantaservices.com/webcast-registration?event_id=10557
Summary
Quanta Services reported a strong third quarter 2026, surpassing expectations with double-digit growth in revenue, adjusted EBITDA, and adjusted EPS, and a record backlog of $64 billion.The company increased its full-year 2026 financial guidance, expecting revenues between $41.3 and $41.6 billion and adjusted EPS between $17.90 and $18.30.
Quanta Services emphasized its strategic flexibility and customer-focused approach, highlighting its ability to address demand across various markets, including utilities, power generation, and technology.
Significant investments in workforce training and integrated fabrication solutions are seen as key drivers for operational efficiency and future growth.
The company maintains a strong focus on capital deployment, completing two acquisitions to enhance its engineering, fabrication, and supply chain capabilities.
Management expressed confidence in sustaining growth, projecting strong double-digit adjusted EPS growth in 2027 and a positive outlook beyond 2030, supported by a stable backlog and strategic market positioning.
Full Transcript
OPERATOR
Good morning and welcome to the Quanta Services third quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow management’s prepared remarks, and we ask that you please hold all questions until that time. I will then provide instructions for the question-and-answer session. As a reminder, this conference is being recorded. If you have any objections, please disconnect at this time.
I will now turn the call over to Kip Rupp, Vice President, Investor Relations, for introductory remarks.
Kip Rupp (Vice President, Investor Relations)
Thank you, and welcome everyone to the Quanta Services third quarter 2026 earnings conference call....
....MUCH MORE
Earlier today: Earnings: Quanta Services Reports, Beats, Stock Jumps (PWR)
The stock is up over $100 from its October 23 intermediate term low, $527.07, which seems a bit exuberant but on the other hand trading that low seemed a bit irrational so who knows.
That irrationality was why we posted "Ahead Of Quanta Services' And GE Vernova's Upcoming Earnings: Weeks Like This Are Why You Want To Own Quality (PWR; GEV)" that day.
Here's the year-to-date price action via TradingView, up 51% over the period:
