Quanta Services (PWR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose compared to the same period one year ago, while remaining nearly unchanged from the immediately preceding quarter. This resulted in a year-over-year increase that was more pronounced than the sequential movement.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose compared to the same period one year ago, while remaining nearly unchanged from the immediately preceding quarter. This resulted in a year-over-year increase that was more pronounced than the sequential movement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+11.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.2B | +41.1% |
| Sep 30, 2022 | $4.5B | +33.0% |
| Dec 31, 2022 | $4.4B | +12.6% |
| Mar 31, 2023 | $4.4B | +11.7% |
Revenue performance
The revenue improvement over the prior year reflects continued business expansion, though the sequential comparison indicates a stable quarter-over-quarter performance.
Quarterly comparison
Compared to the preceding quarter, revenue was essentially flat. Versus the same quarter a year ago, revenue was notably higher.
What to watch
Monitor whether the sequential revenue trend reaccelerates or remains subdued in coming quarters.