Short answer
Quanta Services (PWR) filed its Q2 2025 10-Q quarterly report on Jul 31, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $6.8B (up 21.1% year over year) with net income of $229M.
Q2 2025 key financials · XBRL
- Revenue
- $6.8B
- +21.1% YoY · +8.7% QoQ
- Net income
- $229M
- +21.8% YoY · +58.9% QoQ
- Operating margin
- 5.5%
- Gross margin
- 14.9%
- EPS (diluted)
- $1.51
- +19.8% YoY · +57.3% QoQ
Source: XBRL data from the Quanta Services (PWR) Q2 2025 10-Q on SEC EDGAR. USD.
Quanta Services Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Financing activities net cash inflow $557.8M from borrowings, offset by $134.6M stock repurchases and $30.3M dividend payments in six months ended June 30, 2025
- Financing activities for same period 2024 included $707.0M net repayments and $27.0M dividends paid
- Expect continued use of cash for debt repayments, cash dividends, and stock repurchases
Risk Factors
- No newly added risk factor disclosed this quarter, consistent with 2024 Annual Report Part I
- Most material update on seasonality risk emphasizing higher Canadian revenues in Q1 due to frozen ground accelerating projects
- Regulatory risk from delays in larger projects due to environmental restrictions, protests, political activity, and legal challenges impacting schedules
- Operational risk: project variability from geographic difficulties, inclement weather, and third-party performance affecting near-term margins and productivity
- Financial risk: fixed price contracts on large complex projects increase exposure to project estimate errors causing possible losses or profit reductions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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