Quanta Services (PWR) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential and year-over-year growth reflects continued business expansion.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential and year-over-year growth reflects continued business expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5B
Revenue reported for this quarter.
Quarter-over-quarter
+14.0%
Change from the immediately preceding quarter.
Year-over-year
+19.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.4B
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 |
|---|---|---|
| Sep 30, 2022 | $4.5B | +33.0% |
| Dec 31, 2022 | $4.4B | +12.6% |
| Mar 31, 2023 | $4.4B | +11.7% |
| Jun 30, 2023 | $5B | +19.3% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter. This sequential improvement indicates a strengthening in the company's operational performance.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also increased. The year-over-year gain was more pronounced than the sequential change, highlighting a strong annual growth trajectory.
What to watch
Monitor whether the company can sustain this revenue growth trajectory in the coming quarters.