Quanta Services Stock Price, News & Analysis

Quanta Services, Inc. (NYSE:PWR) has appointed Scott Rowe to its Board of Directors, enhancing its leadership team with his extensive operations and financial experience in the energy sector. Rowe has been the President and CEO of Flowserve Corporation since April 2017 and has previous roles at Schlumberger and Cameron International. His appointment aims to bring new perspectives to Quanta's board. David McClanahan, the independent Chairman, expressed enthusiasm for Rowe's contributions to the company's growth.

Quanta Services, Inc. (NYSE: PWR) has declared a quarterly cash dividend of $0.07 per share, payable on July 15, 2022, to stockholders recorded as of July 1, 2022. This announcement reflects Quanta's ongoing commitment to return value to its shareholders while maintaining its position as a leader in specialized contracting services across utility, renewable energy, communications, and pipeline sectors. The company operates in various regions including the United States, Canada, and Australia, providing comprehensive infrastructure solutions.

Quanta Services, Inc. (NYSE: PWR) will engage with institutional investors at four major conferences in June 2022: the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 1, the Bernstein Strategic Decisions Conference on June 2, the Baird Global Consumer, Technology & Services Conference on June 7, and the Stifel Cross Sector Insight Conference on June 8. CEO Duke Austin and others will lead discussions, including a fireside chat at the Bernstein Conference at 11:00 a.m. ET, with live broadcasts available on Quanta's Investor Relations website.

Quanta Services (NYSE: PWR) announced executive changes effective July 2022. Derrick Jensen will transition from CFO to Executive Vice President – Business Operations, while Jayshree Desai will take over as CFO from her role as Chief Corporate Development Officer. These changes aim to enhance Quanta's leadership and support its growth strategies. CEO Duke Austin highlighted Jensen's extensive experience as a critical asset, while Desai's background in renewable energy positions her well to lead the financial team. Both transitions are viewed positively for the company's future.

Quanta Services, Inc. reported a strong first quarter ending March 31, 2022, with consolidated revenues of $4.0 billion, representing significant growth from $2.7 billion in the same period last year. The company achieved a GAAP diluted EPS of $0.57 and an adjusted diluted EPS of $1.37. With remaining performance obligations at $6.8 billion and a total backlog of $20.5 billion, Quanta reiterated its full-year financial expectations, citing confidence in its diverse portfolio and strategic initiatives to capitalize on energy transition opportunities.

Quanta Services, Inc. (NYSE: PWR) will release its first quarter 2022 financial results on May 5, 2022, before the market opens. A conference call and webcast will follow at 9:00 a.m. Eastern time on the same day. Interested participants can join the call via phone or webcast, with details available on Quanta’s Investor Relations website. Additionally, a recording of the call will be accessible for those unable to attend live.

Quanta specializes in infrastructure solutions across various sectors, including utility and renewable energy.

Quanta Services (NYSE: PWR) will host its 2022 Investor Day on April 5, 2022, in New York City. The event will include presentations on strategic initiatives and long-term financial targets, starting at 9:00 a.m. Eastern time and concluding by 11:30 a.m. Eastern time. A webcast will be available live and for replay on the company's website. Presentation materials will also be accessible post-event. For further details, contact Kip Rupp at 713-341-7260.

Quanta Services has declared a quarterly cash dividend of $0.07 per share, payable on April 18, 2022, to stockholders on record by April 11, 2022. This announcement reflects the company’s commitment to return capital to its shareholders, highlighting its ongoing financial stability and operational performance. Quanta Services operates in multiple markets, including utilities and renewable energy, reinforcing its position as a leader in specialized contracting services.

Quanta Services (NYSE:PWR) will participate in the Goldman Sachs Global Energy Services Symposium on March 9, 2022. CEO Duke Austin and CFO Derrick Jensen will engage in a virtual fireside chat hosted by analyst Neil Mehta, starting at 10:15 a.m. Eastern time. The discussion will be accessible via a live webcast on Quanta's Investor Relations website, with an archived replay available later. Quanta Services specializes in infrastructure solutions across energy and communication sectors, serving multiple countries including the United States and Canada.