QUANTA SERVICES INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
PWR$583.14-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share information)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $5,594,387 | $5,048,610 | $10,626,206 | $9,477,436 |
| Cost of services | 4,783,056 | 4,324,511 | 9,191,381 | 8,180,142 |
| Gross profit | 811,331 | 724,099 | 1,434,825 | 1,297,294 |
| Equity in earnings of integral unconsolidated affiliates | 8,586 | 9,370 | 20,920 | 18,990 |
| Selling, general and administrative expenses | (432,356) | (384,171) | (834,696) | (768,723) |
| Amortization of intangible assets | (79,214) | (70,025) | (156,725) | (142,428) |
| Change in fair value of contingent consideration liabilities | (1,117) | — | (1,740) | — |
| Operating income | 307,230 | 279,273 | 462,584 | 405,133 |
| Interest and other financing expenses | (45,321) | (48,189) | (86,393) | (89,882) |
| Interest income | 3,557 | 1,448 | 11,580 | 2,964 |
| Other income, net | 1,617 | 3,419 | 26,499 | 11,285 |
| Income before income taxes | 267,083 | 235,951 | 414,270 | 329,500 |
| Provision for income taxes | 75,199 | 69,367 | 96,295 | 65,946 |
| Net income | 191,884 | 166,584 | 317,975 | 263,554 |
| Less: Net income attributable to non-controlling interests | 3,725 | 685 | 11,456 | 2,609 |
| Net income attributable to common stock | $188,159 | $165,899 | $306,519 | $260,945 |
| Earnings per share attributable to common stock: | ||||
| Basic | $1.28 | $1.14 | $2.10 | $1.80 |
| Diluted | $1.26 | $1.12 | $2.05 | $1.75 |
| Shares used in computing earnings per share: | ||||
| Weighted average basic shares outstanding | 146,580 | 145,422 | 146,258 | 144,947 |
| Weighted average diluted shares outstanding | 149,788 | 148,773 | 149,587 | 148,717 |
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