Welcome to our dedicated page for Quanta Services news (Ticker: PWR), a resource for investors and traders seeking the latest updates and insights on Quanta Services stock.
Quanta Services, Inc. (NYSE: PWR) generates a steady flow of news related to energy, technology and communications infrastructure. Company press releases highlight its role in providing specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline and energy industries, as well as its participation in major industry partnerships and capital projects.
On this page, readers can follow PWR news covering topics such as quarterly earnings announcements, segment performance for Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions, and updates on remaining performance obligations and backlog as described in Quanta’s results releases. The company also issues news about capital allocation, including quarterly cash dividends, share repurchases and senior notes offerings used to refinance existing indebtedness.
Quanta’s news flow often features project and partnership announcements, such as its collaboration with American Electric Power on 765 kV and other high-voltage transmission facilities, and its engagement by NiSource to provide power generation and grid infrastructure solutions for a large load customer. Additional releases describe the expansion of its total solutions power generation platform and its joint venture with Zachry Group for combined cycle gas generation solutions.
Investors and followers of PWR can also find updates on acquisitions and strategic growth, including the purchase of Dynamic Systems, as well as information about conference appearances, like participation in the UBS Global Industrials and Transportation Conference. Community and sponsorship news, such as Quanta’s role as an Official Supporter of Houston World Cup 26 Host City, further rounds out the company’s public disclosures. Bookmark this page to monitor the full range of Quanta Services news and corporate developments.
Quanta Services, Inc. (NYSE: PWR) released its 2020 Corporate Responsibility Report, highlighting its commitments to People, Planet, and Principles. The interactive microsite showcases data on ESG initiatives and Quanta's role in supporting a carbon-neutral future. The report aligns with the United Nations Sustainable Development Goals and discusses key topics such as COVID leadership, infrastructure needs, and the introduction of LUMA Energy. CEO Duke Austin emphasized the importance of modernized infrastructure for resilience and quality of life.
Quanta Services, Inc. (NYSE: PWR) will announce its second quarter 2021 financial results on August 5, 2021, before market opens. A conference call will be held at 9:00 a.m. Eastern time the same day, accessible via phone and live stream. A slide presentation will accompany the call, available on Quanta's Investor Relations website. Those unable to attend live can access a recorded version of the webcast shortly after the call. Quanta provides specialized contracting services in utility, communications, pipeline, and energy sectors across multiple countries.
Quanta Services (NYSE:PWR) has appointed Holli C. Ladhani to its Board of Directors, enhancing its leadership with her extensive experience in the energy sector and finance. Previously, Ladhani served as President and CEO of Select Energy Services until January 2021 and has held significant roles at Rockwater Energy Solutions and Dynegy. David McClanahan, Chairman of the Board, emphasized her operational and financial expertise, forecasting valuable insights for Quanta. Ladhani also serves on boards of Marathon Oil and Priority Power Management, bringing diverse industry experience.
On June 1, 2021, Quanta Services announced that its joint venture, LUMA Energy, has officially taken over the operations and maintenance of Puerto Rico's electric power transmission and distribution system. This transition from the Puerto Rico Electric Power Authority (PREPA) follows nearly a year of preparation and is part of a 15-year Operation and Maintenance Agreement. Quanta, along with ATCO, aims to enhance the reliability of Puerto Rico's power grid while contributing to local economic development. The venture underscores a commitment to modernize the energy infrastructure of Puerto Rico.
Quanta Services, Inc. (NYSE: PWR) declared a quarterly cash dividend of $0.06 per share, payable on July 15, 2021, to stockholders of record by July 1, 2021. This announcement reflects Quanta's commitment to returning value to its shareholders and underscores its stable financial condition despite potential market uncertainties. The company operates across multiple sectors including utilities and energy, providing comprehensive infrastructure solutions.
Quanta Services, Inc. (NYSE:PWR) announced participation in various institutional investor conferences in June 2021. Key events include:
- Bernstein Strategic Decisions Virtual Conference – June 2, featuring CFO Derrick Jensen.
- KeyBanc Capital Markets Conference – June 3, with a fireside chat at 2:40 p.m. featuring CEO Duke Austin.
- Stifel Cross Sector Insight Conference – June 8, with a fireside chat at 4:00 p.m.
- Baird Global Consumer, Technology & Services Conference – June 9, also featuring a fireside chat.
- Vertical Research Partners Summit – June 16, with a chat at 4:00 p.m.
Live webcasts will be available via Quanta's Investor Relations website.
Quanta Services, Inc. (NYSE: PWR) reported Q1 2021 revenues of $2.70 billion, down from $2.76 billion in Q1 2020. However, net income increased significantly to $89.8 million or $0.62 per diluted share, compared to $38.7 million or $0.26 per diluted share year-over-year. Adjusted diluted earnings per share rose to $0.83 from $0.47. The company cited strong demand driven by utility spending on modernization and a record backlog of $15.8 billion. Management remains optimistic but acknowledges potential impacts from regulatory and pandemic-related challenges.
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.
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