Quanta Services Stock Price, News & Analysis

Quanta Services reported strong Q4 2021 results with revenues of $3.92 billion and net income of $104.8 million, though diluted EPS decreased to $0.71 from $1.17 in Q4 2020. For the full year, revenues reached $12.98 billion and net income was $486 million, yielding a record adjusted EPS of $4.92. The company is optimistic about 2022, projecting growth in revenues and adjusted earnings due to strong demand for energy-transition infrastructure solutions. Quanta has transitioned to a new segment focusing on renewable energy solutions.

Quanta Services, Inc. (NYSE: PWR) will release its fourth quarter and full-year 2021 financial results on February 24, 2022, before market opening. The company has scheduled a conference call for 9:00 a.m. Eastern time on the same day, with a live webcast available on its Investor Relations website. An archive of the webcast will be accessible shortly after the call. Quanta specializes in infrastructure solutions across various industries, including renewable energy and communications, with operations in the U.S., Canada, Australia, and other international markets.

Quanta Services, Inc. (NYSE: PWR) has appointed Redgie Probst as Chief Operating Officer (COO), effective immediately. Probst, previously the President of the Electric Power Division since March 2019, succeeds Duke Austin, who served as COO since 2013. Austin praised Probst's contributions and vision, emphasizing a commitment to safety and operational excellence. Probst brings over 20 years of experience in electric power infrastructure, having previously founded and led Probst Electric and Summit Line Construction. This leadership change is expected to enhance Quanta's operational effectiveness and long-term value.

Quanta Services (NYSE:PWR) will participate in the Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022. CEO Duke Austin will engage in a virtual fireside chat at 11:00 a.m. Eastern time, hosted by analyst Neil Mehta. This event will be available for live streaming and replays on Quanta's Investor Relations website. Additionally, Kip Rupp, VP of Investor Relations, will meet with institutional investors during the conference.

Quanta Services, Inc. (NYSE: PWR) has declared a quarterly cash dividend of $0.07 per share, representing an annualized rate of $0.28. This dividend reflects a significant 17% increase from the previous quarterly payment in October 2021. The dividend is set to be paid on January 14, 2022, to stockholders recorded by January 4, 2022. Quanta Services continues to focus on delivering comprehensive infrastructure solutions across various sectors including utility and renewable energy.

Quanta Services reported impressive third-quarter results for 2021, with revenues reaching $3.35 billion, compared to $3.02 billion in the same period of 2020. Net income rose to $174.4 million or $1.21 per diluted share, up from $162.9 million or $1.13 per share year-over-year. The acquisition of Blattner, a leader in utility-scale renewable energy, positions Quanta for significant growth in the energy transition sector. The company’s backlog and adjusted EBITDA are at record levels, evidencing robust operational execution and strong margins.

Quanta Services, Inc. (NYSE:PWR) announced participation in multiple investor conferences in November and December 2021. Key events include the Baird Global Industrial Conference on November 10, the Goldman Sachs Global Sustainability Forum on November 30, and the Credit Suisse Global Industrial Conference on December 2. CEO Duke Austin and CFO Derrick Jensen will address investors, highlighting infrastructure solutions and sustainability challenges. Live webcasts will be available on their Investor Relations website.

Quanta Services, Inc. (NYSE: PWR) will release its third quarter 2021 financial results on November 4, 2021, before market opening. A conference call and webcast will follow at 9:00 a.m. Eastern time on the same day. Interested participants can join the call by dialing (201) 689-8345 or accessing it via the company's Investor Relations website. An archive of the conference will be available post-call for those unable to attend live.

Quanta Services (NYSE: PWR) has successfully completed the acquisition of Blattner Holding Company, a prominent utility-scale renewable energy solutions provider in North America. Founded in 1907, Blattner specializes in engineering, procurement, project management, and construction services for renewable energy projects including wind, solar, and energy storage. This acquisition aims to enhance Quanta's capabilities in delivering comprehensive electric infrastructure solutions, supporting the transition to a carbon-neutral economy.