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Quanta Services, Inc. (NYSE: PWR) is a premier provider of specialty contracting services, delivering a comprehensive range of infrastructure solutions for the electric power, oil and gas, and communication industries across the United States, Canada, Australia, and other international markets. Headquartered in Houston, Texas, Quanta Services operates under three primary segments: Electric Power Infrastructure Solutions, Renewable Energy Infrastructure Solutions, and Underground Utility and Infrastructure Solutions.
Quanta's core services include engineering, procurement, and construction (EPC) services, focusing on the design, installation, maintenance, and repair of critical infrastructure. The company is renowned for its expertise in electric power transmission and distribution, renewable energy projects like wind and solar, and complex pipeline and facilities construction for the oil and gas sector.
In 2021, Quanta acquired Blattner Company, a leader in renewable energy EPC services, significantly bolstering its capabilities in the renewable energy sector. This strategic acquisition has enabled Quanta to expand its service offerings and strengthen its market position in the renewable energy industry.
Quanta Services has a strong financial track record, consistently delivering robust revenue growth and profitability. In the second quarter of 2023, Quanta reported record revenues of $5.05 billion, up from $4.23 billion in the same quarter of 2022, and net income attributable to common stock of $165.9 million, or $1.12 per diluted share, compared to $88.0 million, or $0.59 per diluted share, in the second quarter of 2022. The company’s total backlog reached a record $27.20 billion, reflecting strong demand for its services driven by the modernization and hardening of utility infrastructure and the growing focus on renewable energy generation.
Quanta continues to invest in its future growth through employee safety and training programs, expansion of front-end services, and strategic supply chain initiatives. The company’s strategic approach and financial strength position it well to drive stockholder value through organic growth and targeted acquisitions.
Recent achievements include the strategic acquisition of Pennsylvania Transformer Technology, LLC, enhancing Quanta’s capabilities in manufacturing power transformers and components, crucial for the evolving energy market. Quanta’s leadership in providing integrated infrastructure solutions ensures its significance in the ongoing energy transition and infrastructure modernization efforts.
Quanta Services has declared a quarterly cash dividend of $0.07 per share, payable on April 18, 2022, to stockholders on record by April 11, 2022. This announcement reflects the company’s commitment to return capital to its shareholders, highlighting its ongoing financial stability and operational performance. Quanta Services operates in multiple markets, including utilities and renewable energy, reinforcing its position as a leader in specialized contracting services.
Quanta Services (NYSE:PWR) will participate in the Goldman Sachs Global Energy Services Symposium on March 9, 2022. CEO Duke Austin and CFO Derrick Jensen will engage in a virtual fireside chat hosted by analyst Neil Mehta, starting at 10:15 a.m. Eastern time. The discussion will be accessible via a live webcast on Quanta's Investor Relations website, with an archived replay available later. Quanta Services specializes in infrastructure solutions across energy and communication sectors, serving multiple countries including the United States and Canada.
Quanta Services (NYSE: PWR) will host its 2022 Investor Day on April 5, 2022, in New York City. The event, starting at 9:00 a.m. Eastern and concluding around 11:30 a.m. Eastern, will feature management presentations focusing on the company's strategic initiatives and new long-term financial targets. A live webcast of the presentations will be available for public viewing, with replays accessible afterward on the company’s website.
Quanta Services reported strong Q4 2021 results with revenues of $3.92 billion and net income of $104.8 million, though diluted EPS decreased to $0.71 from $1.17 in Q4 2020. For the full year, revenues reached $12.98 billion and net income was $486 million, yielding a record adjusted EPS of $4.92. The company is optimistic about 2022, projecting growth in revenues and adjusted earnings due to strong demand for energy-transition infrastructure solutions. Quanta has transitioned to a new segment focusing on renewable energy solutions.
Quanta Services, Inc. (NYSE: PWR) will release its fourth quarter and full-year 2021 financial results on February 24, 2022, before market opening. The company has scheduled a conference call for 9:00 a.m. Eastern time on the same day, with a live webcast available on its Investor Relations website. An archive of the webcast will be accessible shortly after the call. Quanta specializes in infrastructure solutions across various industries, including renewable energy and communications, with operations in the U.S., Canada, Australia, and other international markets.
Quanta Services, Inc. (NYSE: PWR) has appointed Redgie Probst as Chief Operating Officer (COO), effective immediately. Probst, previously the President of the Electric Power Division since March 2019, succeeds Duke Austin, who served as COO since 2013. Austin praised Probst's contributions and vision, emphasizing a commitment to safety and operational excellence. Probst brings over 20 years of experience in electric power infrastructure, having previously founded and led Probst Electric and Summit Line Construction. This leadership change is expected to enhance Quanta's operational effectiveness and long-term value.
Quanta Services (NYSE:PWR) will participate in the Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022. CEO Duke Austin will engage in a virtual fireside chat at 11:00 a.m. Eastern time, hosted by analyst Neil Mehta. This event will be available for live streaming and replays on Quanta's Investor Relations website. Additionally, Kip Rupp, VP of Investor Relations, will meet with institutional investors during the conference.
Quanta Services, Inc. (NYSE: PWR) has declared a quarterly cash dividend of $0.07 per share, representing an annualized rate of $0.28. This dividend reflects a significant 17% increase from the previous quarterly payment in October 2021. The dividend is set to be paid on January 14, 2022, to stockholders recorded by January 4, 2022. Quanta Services continues to focus on delivering comprehensive infrastructure solutions across various sectors including utility and renewable energy.
Quanta Services reported impressive third-quarter results for 2021, with revenues reaching $3.35 billion, compared to $3.02 billion in the same period of 2020. Net income rose to $174.4 million or $1.21 per diluted share, up from $162.9 million or $1.13 per share year-over-year. The acquisition of Blattner, a leader in utility-scale renewable energy, positions Quanta for significant growth in the energy transition sector. The company’s backlog and adjusted EBITDA are at record levels, evidencing robust operational execution and strong margins.
Quanta Services, Inc. (NYSE:PWR) announced participation in multiple investor conferences in November and December 2021. Key events include the Baird Global Industrial Conference on November 10, the Goldman Sachs Global Sustainability Forum on November 30, and the Credit Suisse Global Industrial Conference on December 2. CEO Duke Austin and CFO Derrick Jensen will address investors, highlighting infrastructure solutions and sustainability challenges. Live webcasts will be available on their Investor Relations website.
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