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 (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.
Quanta Services (NYSE: PWR) will host its 2022 Investor Day on April 5, 2022, in New York City. The event, starting at 9:00 a.m. Eastern and concluding around 11:30 a.m. Eastern, will feature management presentations focusing on the company's strategic initiatives and new long-term financial targets. A live webcast of the presentations will be available for public viewing, with replays accessible afterward on the company’s website.
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.
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