Quanta Services Shares Down After Q2 Results, Narrows FY22 EPS Forecast
Quanta Services Inc (NYSE: PWR ) reported second-quarter revenue growth of 41.1% year-over-year to $4.23 billion , beating the consensus of $4.04 billion. Adjusted EPS improved to $1.54 from $1.06 in 2Q21, beating the consensus of $1.52. The gross margin declined 17 bps to 14.8%. The operating income was $208.36 million ( 28.9% Y|Y), and the margin contracted by 50 bps to 4.9%. Revenue by segment: Electric Power Infrastructure Solutions $2.19 billion ( 21.1% Y|Y)
Quanta Services Shares Down After Q2 Results, Narrows FY22 EPS Forecast
Quanta Services Inc (NYSE: PWR ) reported second-quarter revenue growth of 41.1% year-over-year to $4.23 billion , beating the consensus of $4.04 billion. Adjusted EPS improved to $1.54 from $1.06 in 2Q21, beating the consensus of $1.52. The gross margin declined 17 bps to 14.8%. The operating income was $208.36 million ( 28.9% Y|Y), and the margin contracted by 50 bps to 4.9%. Revenue by segment: Electric Power Infrastructure Solutions $2.19 billion ( 21.1% Y|Y)