Key Takeaways PWR posted a record $39.2B backlog, up from$33.96B a year ago, signaling strong demand across end markets.Backlog growth is diversified, reducing dependence on any single project and smoothing revenue timing.Regulated utility and power projects follow defined phases, giving PWR clearer visibility into revenues.Quanta Services, Inc. (PWR) is seeing improved demand visibility as utility and power infrastructure spending remains steady. Recent project activity points to a more consistent flow of ...