QUANTA SERVICES, INC.

Quanta Services reported strong financial results for Q2 2026, with revenues increasing 41.1% to $9.56 billion and diluted EPS rising 94.7% to $2.96. For the first six months, revenues grew 34.0% to $17.43 billion and diluted EPS increased 78.5% to $4.41. The company's remaining performance obligations significantly expanded to $33.55 billion, up 41.2% from year-end 2025, indicating robust future project activity. Net cash provided by operating activities also saw a substantial increase.

Quanta Services reported exceptional second-quarter 2026 results, significantly exceeding expectations with record consolidated revenues of $9.56 billion, GAAP diluted EPS of $2.96, and adjusted diluted EPS of $4.24. The company also achieved record total backlog of $53.4 billion and robust cash flow. Due to this strong performance and improved visibility, Quanta Services significantly increased its full-year 2026 financial expectations across all metrics. Additionally, the company completed four strategic acquisitions, formed a joint venture for high-voltage circuit breaker manufacturing, authorized a new $1 billion stock repurchase program, and received a credit rating upgrade from Moody's.

Quanta Services, Inc. announced a new stock repurchase program authorizing the company to buy back up to $1.0 billion of its common stock, effective May 21, 2026. Additionally, the Board declared a quarterly cash dividend of $0.11 per share. The company also held its 2026 Annual Meeting of Stockholders, where all ten director nominees were elected, the advisory vote on executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor. Joseph Kim was also elected as a new independent director to the Board.

Quanta Services reported strong first quarter 2026 financial results, with revenues increasing 26.3% to $7.87 billion and diluted earnings per share rising 51% to $1.45. Net income attributable to common stock saw a significant increase of 52.9% to $220.6 million. The company also reported a substantial increase in net cash provided by operating activities and a growing backlog, indicating continued demand for its infrastructure solutions.

Quanta Services reported record first-quarter 2026 results with consolidated revenues of $7.87 billion and GAAP diluted EPS of $1.45, significantly up from the prior year. Adjusted diluted EPS reached $2.68. The company also achieved record total backlog of $48.5 billion and remaining performance obligations of $26.2 billion. Based on this strong performance and improved visibility, Quanta is increasing substantially all of its full-year 2026 financial expectations, including revenue guidance to $34.7 billion-$35.2 billion and adjusted diluted EPS to $13.55-$14.25.

The Compensation Committee of Quanta Services' Board of Directors approved performance stock unit (PSU) awards for senior leadership, including named executive officers, on April 10, 2026. These strategic equity awards cover a five-year performance period ending December 31, 2030. The number of PSUs earned can reach up to 300% of the target based on adjusted earnings per share compound annual growth rate, with a potential 200% multiplier for total shareholder return compound annual growth rate, allowing for a maximum payout of 600% of the target. The awards aim to incentivize and retain key personnel crucial for executing the company's recently announced five-year business strategy and financial goals.