Quanta Services Stock Price, News & Analysis

Quanta Services, Inc. (NYSE: PWR) will announce its first quarter 2021 financial results on May 6, 2021, before market opening. A conference call is scheduled for 9:00 a.m. Eastern time on the same day, which will also be streamed live online. Investors can access the conference via phone or internet, with a slide presentation available prior to the call. An archive of the webcast will be accessible shortly after the event on Quanta's Investor Relations website, ensuring transparency and accessibility for stakeholders.

Quanta Services, a leading specialized contracting services company, declared a quarterly cash dividend of $0.06 per share. This dividend is scheduled for payment on April 15, 2021, to stockholders of record by April 6, 2021. Quanta provides infrastructure solutions across various sectors including utilities and communications, with operations in North America, Australia, and select international markets. The announcement highlights the company's ongoing commitment to returning value to its shareholders.

Quanta Services, Inc. (NYSE: PWR) reported Q4 2020 revenues of $2.91 billion, down from $3.11 billion in Q4 2019, but net income increased to $170.1 million or $1.17 per diluted share, compared to $118.1 million or $0.80 per diluted share in the previous year. Adjusted diluted EPS rose to $1.22 from $0.93. The company’s full-year 2020 revenues were $11.20 billion, down from $12.11 billion in 2019. Despite challenges, management expects revenue and earnings growth in 2021, supported by strategic acquisitions and a focus on infrastructure solutions for a carbon-neutral economy.

On February 5, 2021, Quanta Services announced it will release its fourth quarter and full year 2020 financial results on February 25, 2021, before markets open. A conference call is scheduled for the same day at 9:00 a.m. Eastern time, available via telephone and online. Investors can access a slide presentation and an archived webcast on Quanta's Investor Relations website. Quanta Services is a leading contractor in the utility, pipeline, energy, and communications sectors, providing comprehensive infrastructure solutions across multiple countries.

Quanta Services (NYSE:PWR) has declared a quarterly cash dividend of $0.06 per share, marking a 20% increase from the previous dividend. This translates to an annualized rate of $0.24. The dividend is set to be paid on January 15, 2021, to shareholders on record as of January 4, 2021. This increase reflects Quanta's confidence in its financial health and commitment to return value to shareholders.

Quanta Services (NYSE:PWR) will participate in the Credit Suisse Virtual Industrials Conference on December 3, 2020, featuring CEO Duke Austin and CFO Derrick Jensen. They will engage with institutional investors and partake in a live fireside chat at 11:30 a.m. Eastern. The session will be broadcast online and available for replay via the Investors & Media section of Quanta's website. Quanta Services offers specialized contracting services across various industries in the U.S., Canada, Australia, and beyond.

Quanta Services reported Q3 2020 revenues of $3.02 billion, down from $3.35 billion in Q3 2019, with net income attributable to common stock rising to $162.9 million ($1.13 per diluted share). Adjusted diluted EPS increased to $1.40, up from $1.14 a year earlier. The company has made three strategic acquisitions and signed a contract for the New England Clean Energy Connect project. Despite the impact of COVID-19 on LATAM operations, which incurred a loss of $15.4 million, Quanta remains optimistic about future growth driven by strong market demand and operational resilience.

Quanta Services, Inc. (NYSE: PWR) will report its third quarter 2020 financial results on October 29, 2020, before market open. A conference call is scheduled for 9:00 a.m. Eastern time on the same day, accessible via phone or online. Detailed earnings will be available on Quanta's Investor Relations website, alongside a slide presentation. The company provides specialized contracting services for utility, pipeline, energy, and communications sectors, with operations spanning the United States, Canada, Australia, and internationally.

Quanta Services (NYSE:PWR) closed a $1.0 billion offering of 2.9% senior notes due 2030, netting approximately $986.7 million. Proceeds will repay term loans, while the credit agreement was amended to raise revolving commitments from $2.135 billion to $2.510 billion, extending maturity to September 22, 2025. The company highlighted its investment-grade credit rating, enhanced capital structure, and positive outlook. This offering is seen as beneficial for Quanta's long-term financial health and sustainability.