Quanta Services (PWR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined from the previous quarter but rose compared to the same period a year earlier. This marks a reversal from the strong sequential growth seen in recent quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined from the previous quarter but rose compared to the same period a year earlier. This marks a reversal from the strong sequential growth seen in recent quarters.
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
-13.0%
Change from the immediately preceding quarter.
Year-over-year
+13.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.5B
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, 2023 | $5B | +19.3% |
| Sep 30, 2023 | $5.6B | +26.0% |
| Dec 31, 2023 | $5.8B | +31.0% |
| Mar 31, 2024 | $5B | +13.6% |
Revenue performance
The sequential decrease contrasts with the year-over-year increase, indicating a mixed performance relative to different time frames.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year ago, revenue was higher.
What to watch
The sequential decline after a period of growth warrants attention to underlying demand trends.