Our first quarter results reflect continued solid execution by our operations and robust demand for our services. Our revenues in the first quarter grew 68% compared to the first quarter of 2011, and our GAAP diluted earnings per share of $0.22 represents a $63.3 million net income improvement over the same quarter last year. Both our 12 month and total backlog increased at the end of the first quarter compared to the end of the same quarter in 2011. 12-month backlog increased about 37% and total backlog increased almost 12% compared to the backlog at the end of the first quarter of 2011.Our first quarter results were driven by strong performance in our Electric Power segment, due to the number of electric transmission projects in construction and our ability to safely execute on these projects. Of note, our void count at the end of this year's first quarter was about 19,000, up 35% compared to the first quarter of last year, and up 7% sequentially since the end of the fourth quarter of 2011.
Quanta Services' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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