Quanta Services Stock Price, News & Analysis

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.

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.