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) 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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