Quanta Services (PWR) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential and year-over-year growth rates were both positive and broadly similar.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential and year-over-year growth rates were both positive and broadly similar.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.5B
Revenue reported for this quarter.
Quarter-over-quarter
+16.1%
Change from the immediately preceding quarter.
Year-over-year
+15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.9B
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 |
|---|---|---|
| Dec 31, 2023 | $5.8B | +31.0% |
| Mar 31, 2024 | $5B | +13.6% |
| Jun 30, 2024 | $5.6B | +10.8% |
| Sep 30, 2024 | $6.5B | +15.5% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory observed in recent quarters. The magnitude of the increase was consistent with the prior year's comparable period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue also advanced, with the year-over-year change closely matching the sequential change.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.