Quanta Services (PWR) Revenue — Quarter Ended Jun 30, 2024
Quanta Services reported higher revenue in the second quarter, driven by continued demand. Both sequential and year-over-year comparisons showed growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Quanta Services reported higher revenue in the second quarter, driven by continued demand. Both sequential and year-over-year comparisons showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
+11.2%
Change from the immediately preceding quarter.
Year-over-year
+10.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$22B
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, 2023 | $5.6B | +26.0% |
| Dec 31, 2023 | $5.8B | +31.0% |
| Mar 31, 2024 | $5B | +13.6% |
| Jun 30, 2024 | $5.6B | +10.8% |
Revenue performance
Revenue increased compared to both the prior quarter and the same quarter last year, reflecting sustained business momentum.
Quarterly comparison
Sequentially, revenue rose from the preceding quarter, while on an annual basis it also exceeded the level from a year ago.
What to watch
Monitor how macroeconomic conditions and market factors may affect liquidity and capital resources going forward.