Quanta Services (PWR) 10-K Summary — Year Ended Dec 31, 2023
Quanta Services filed its annual report for the most recent fiscal year. The company reported increased revenue and profitability, with strong operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Quanta Services filed its annual report for the most recent fiscal year. The company reported increased revenue and profitability, with strong operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$20.9B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$744.7M
Net income reported for the year.
Operating cash flow
$1.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $13B | n/a |
| Dec 31, 2022 | $17.1B | +31.5% |
| Dec 31, 2023 | $20.9B | +22.3% |
Business overview
The supplied filing does not include a narrative business description. The business overview section only references item numbers without substantive content.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were reported, and operating cash flow was substantial. The company's financial results reflect growth in the period.
Material risks
The filing references risk factors but does not provide their content in the supplied data. No specific material risks are detailed in the available sections.
Liquidity and capital
The company plans to fund working capital, capital expenditures, debt service, dividends, and other cash needs using available liquidity and cash from operations, supplemented by debt financing as necessary. Management monitors economic conditions that may affect liquidity.
What to watch
The next filing should be monitored for updates on capital expenditure plans and their funding sources.