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 (NYSE: PWR) provides essential infrastructure solutions for energy, utilities, and communications sectors. This news hub delivers timely updates on operational milestones, strategic initiatives, and market developments impacting this leading engineering and construction specialist.
Access consolidated coverage of earnings reports, project awards, and regulatory filings. Track Quanta's progress in renewable energy infrastructure, grid modernization projects, and technology-driven service expansions. Our repository ensures investors and industry professionals stay informed about critical developments shaping North America's infrastructure landscape.
Key updates on transmission system upgrades, substation construction projects, and emergency power restoration efforts. Monitor strategic acquisitions enhancing Quanta's technical expertise and geographic reach. Discover how the company addresses evolving demands in sustainable energy and digital infrastructure through its integrated EPC solutions.
Bookmark this page for streamlined access to SEC filings, executive commentary, and partnership announcements. Verify operational updates directly from primary sources while maintaining perspective on Quanta's role in modernizing critical energy networks across multiple continents.
Powerfleet (Nasdaq: PWFL) will join the Russell 2000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1, 2024. The company also announced a ticker symbol change to 'AIOT' to better reflect its identity as a global AIoT SaaS provider. CEO Steve Towe emphasized the company's growth and penetration into blue-chip customer markets. The Russell 2000® Index ranks the 4,000 largest US stocks by market capitalization, capturing them as of April 30, 2024.
Quanta Services (NYSE: PWR) has announced the election of Warner L. Baxter and Jo-ann dePass Olsovsky as new independent directors and appointed Doyle N. Beneby as the new independent Chairman of the Board. Baxter offers extensive experience in the electric and natural gas utility sectors, having held senior positions at Ameren and other notable organizations. Olsovsky brings expertise in information technology and cybersecurity from her tenure at Salesforce and BNSF Railway. The new appointments aim to enhance the strategic insights and governance of Quanta Services.
Quanta Services (NYSE: PWR) has declared a quarterly cash dividend of $0.09 per share, translating to an annualized rate of $0.36 per share. The dividend is payable on July 12, 2024, to stockholders recorded by July 1, 2024.
Quanta Services (NYSE: PWR) announced its participation in two significant institutional investor conferences in May 2024. Key executives including CEO Duke Austin, CFO Jayshree Desai, and VP of Investor Relations Kip Rupp will engage with institutional investors at the Bernstein Strategic Decisions Conference on May 29 and the KeyBanc Capital Markets Industrials & Basic Materials Conference on May 30. Additionally, Austin and Desai will feature in a fireside chat hosted by Bernstein analyst Chad Dillard, which will be broadcast live online. Webcast links and replay options will be accessible on Quanta's Investor Relations website.
Quanta Services, Inc. (NYSE: PWR) reported strong first-quarter 2024 results, with consolidated revenues reaching $5.03 billion, GAAP diluted EPS of $0.79, and adjusted diluted EPS of $1.41. Net income attributable to common stock was $118.4 million, and adjusted EBITDA stood at $387.3 million. The company achieved record cash flow, with operating cash flow of $238.0 million and free cash flow of $181.2 million. Quanta Services raised its full-year 2024 revenue and earnings per share expectations, showcasing robust performance across its Electric Power Infrastructure Solutions segment. The company's total backlog reached $29.9 billion, reflecting strong demand for its solutions supporting energy transition initiatives and infrastructure asset modernization.
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