Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks St ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success. One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries. It ...

Company Participation in Conferences - Quanta Services, Inc. will participate in two institutional investor conferences in May 2024: the Bernstein Strategic Decisions Conference and the KeyBanc Capital Markets Industrials & Basic Materials Conference [1][3] - At the Bernstein conference on May 29, 2024, CEO Duke Austin and CFO Jayshree Desai will engage in a fireside chat hosted by Bernstein analyst Chad Dillard, which will be broadcast live [2] - The KeyBanc conference will take place on May 30, 2024, where the same executives will meet with institutional investors [3] Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various sectors including utility, renewable energy, communications, pipeline, and energy industries [4] - The company offers a comprehensive range of services such as designing, installing, repairing, and maintaining energy and communications infrastructure [4] - Quanta operates in the United States, Canada, Australia, and select international markets, possessing the manpower, resources, and expertise to handle projects of varying scopes [4]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed along ...

Core Insights - The focus is on selecting high-growth dividend stocks that have rapidly increased their dividends in the recent past and are expected to continue growing their earnings at a fast pace [1][16] - There are two main categories of dividend stocks: High Growth Low Yield (HGLY) and Low Growth High Yield (LGHY), catering to different investor needs [2][3] - A structured portfolio approach is recommended, allowing for a maximum of 20 stocks, with periodic monitoring and adjustments based on performance [4] Stock Selection Criteria - Stocks must have a market cap greater than $10 billion, a dividend yield above 1%, and a daily average volume exceeding 100,000 [5] - Additional criteria include a history of positive dividend growth over the past five years and a preference for a minimum of five years of consistent dividend growth [5][6] - A modified Quality Score (HGQS) is calculated based on factors such as EPS growth, dividend growth history, and debt ratios to identify high-growth candidates [6][10] Portfolio Construction - The portfolio should be diversified across various sectors, with a maximum of 20 positions, and new stocks should be added based on monthly reports [4][12] - The final selection of stocks aims to represent a diverse range of sectors while maintaining a focus on high growth potential [12][17] - The methodology allows for some stocks to repeat in the selection process, indicating their sustained quality and growth potential [12] Performance Analysis - A model portfolio of selected high-growth stocks is compared against benchmarks like the Vanguard Dividend Appreciation Index Fund ETF and the S&P 500 to assess performance [13][14] - Monthly performance comparisons help in evaluating the effectiveness of the investment strategy over time [14] Concluding Remarks - The article emphasizes the importance of selecting high-growth dividend stocks, which typically have lower current yields but significant growth potential [16] - The current market conditions suggest that many selected stocks are trading near their 52-week highs, indicating a potential risk for conservative investors [16]

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...

Quanta Services, Inc. (NYSE:PWR) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Kip Rupp - VP, IR Duke Austin - President and CEO Jayshree Desai – CFO Conference Call Participants Jamie Cook - Credit Suisse Andy Kaplowitz - Citi Ati Modak - Goldman Sachs Brian Brophy - Stifel Marc Bianchi - TD Cowen Justin Hauke - Baird Gus Richard - Northland Capital Alex Rygiel - B. Riley Securities Sangita Jain - KeyBanc Capital Markets Michael Dudas - Vertical Research Partners Chad Dillard ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-13831 Quanta Services, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2851603 (State or other jurisdiction of incorporation or organization) 2727 North Loop West (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

[First Quarter 2024 Financial Highlights](index=1&type=section&id=First%20Quarter%202024%20Financial%20Highlights) Quanta Services achieved record Q1 2024 revenues of $5.03 billion, with strong growth in net income, adjusted EPS, and backlog, raising full-year guidance [Overall Performance Summary](index=1&type=section&id=Overall%20Performance%20Summary) Quanta Services achieved record Q1 2024 revenues, strong net income and adjusted EPS growth, record cash flow, and a $29.9 billion backlog Financial Performance Overview | Financial Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Consolidated Revenues ($ billions) | $5.03 | $4.43 | | Net Income Attributable to Common Stock ($ millions) | $118.4 | $95.0 | | GAAP Diluted EPS | $0.79 | $0.64 | | Adjusted Diluted EPS | $1.41 | $1.24 | | Adjusted EBITDA ($ millions) | $387.3 | $332.4 | | Cash Flow From Operations ($ millions) | $238.0 | $38.4 | Backlog Overview | Backlog Metric | Q1 2024 | | :--- | :--- | | Remaining Performance Obligations ($ billions) | $14.9 | | Total Backlog ($ billions) | $29.9 | - Management highlighted a strong start to the year, with double-digit growth in revenue, adjusted EBITDA, and adjusted EPS[2](index=2&type=chunk) - The Electric Power Infrastructure Solutions segment showed better-than-expected profitability due to solid and safe execution[2](index=2&type=chunk) [Business Outlook and Strategy](index=2&type=section&id=Business%20Outlook%20and%20Strategy) This section outlines management's perspective on market trends, strategic acquisitions, and the company's updated full-year 2024 financial guidance [Management Commentary and Market Trends](index=2&type=section&id=Management%20Commentary%20and%20Market%20Trends) Management identifies significant growth opportunities driven by increased power demand from AI and data centers, emphasizing the value of grid enhancement solutions - Utilities are forecasting meaningful increases in power demand, a trend not seen in many years[4](index=4&type=chunk) - Key drivers for this demand include the adoption of new technologies such as AI and data centers, as well as federal and state policies promoting energy transition and domestic manufacturing[4](index=4&type=chunk) [Strategic Acquisitions](index=2&type=section&id=Strategic%20Acquisitions) Quanta acquired a leading engineering and manufacturing company in April 2024 to improve access to critical equipment and lower operational costs - Quanta acquired a leading transmission and distribution equipment manufacturing company in April 2024[5](index=5&type=chunk) - The acquisition is anticipated to enhance Quanta's access to essential equipment for its services and help reduce operational expenses[5](index=5&type=chunk) [Full-Year 2024 Guidance](index=2&type=section&id=Full-Year%202024%20Guidance) Quanta raised its full-year 2024 financial outlook, projecting revenues between $22.5 billion and $23.0 billion and adjusted diluted EPS of $8.15 to $8.65 FY 2024 Financial Guidance | FY 2024 Guidance | Low Range | High Range | | :--- | :--- | :--- | | Revenues ($ billions) | $22.5 | $23.0 | | Net Income Attributable to Common Stock ($ millions) | $867 | $943 | | Diluted EPS | $5.79 | $6.30 | | Adjusted Diluted EPS | $8.15 | $8.65 | | EBITDA ($ billions) | $1.97 | $2.08 | | Adjusted EBITDA ($ billions) | $2.13 | $2.25 | | Net Cash from Operating Activities ($ billions) | $1.75 | $2.15 | | Free Cash Flow ($ billions) | $1.30 | $1.70 | - The outlook considers potential challenges such as weather, permitting, supply chain issues, inflation, and increased interest rates[6](index=6&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) This section presents Quanta Services' condensed consolidated statements of operations, balance sheets, supplemental segment data, and backlog information [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2024 revenues increased 13.6% to $5.03 billion, with gross profit and net income attributable to common stock showing strong growth Income Statement Summary | Income Statement ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Revenues | $5,031,819 | $4,428,826 | | Gross Profit | $623,494 | $573,195 | | Operating Income | $155,354 | $125,860 | | Net Income Attributable to Common Stock | $118,360 | $95,046 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, total assets and liabilities decreased, while total equity slightly increased to $6.37 billion Balance Sheet Summary | Balance Sheet ($ thousands) | March 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total Current Assets | $6,583,469 | $7,676,897 | | Total Assets | $15,542,352 | $16,237,225 | | Total Current Liabilities | $4,831,182 | $5,213,116 | | Total Liabilities | $9,175,083 | $9,953,870 | | Total Equity | $6,367,269 | $6,283,355 | [Supplemental Segment Data](index=8&type=section&id=Supplemental%20Segment%20Data) Renewable Energy Infrastructure Solutions drove Q1 2024 revenue growth, while Electric Power remained the largest operating income contributor Segment Revenues | Segment Revenues ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Electric Power Infrastructure Solutions | $2,326,960 | $2,336,037 | | Renewable Energy Infrastructure Solutions | $1,584,164 | $1,008,300 | | Underground Utility and Infrastructure Solutions | $1,120,695 | $1,084,489 | Segment Operating Income | Segment Operating Income ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Electric Power Infrastructure Solutions | $228,025 | $215,149 | | Renewable Energy Infrastructure Solutions | $74,846 | $35,656 | | Underground Utility and Infrastructure Solutions | $46,888 | $61,573 | [Remaining Performance Obligations and Backlog](index=9&type=section&id=Remaining%20Performance%20Obligations%20and%20Backlog) Total backlog reached $29.9 billion as of March 31, 2024, with RPOs growing to $14.9 billion, driven by key segments Backlog Details | Backlog ($ thousands) | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | Total Backlog | $29,897,911 | $25,274,197 | | 12-Month Backlog | $16,636,100 | $14,628,173 | | Total Remaining Performance Obligations | $14,882,669 | $10,256,586 | [Reconciliation of Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section provides detailed reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures for both Q1 2024 and full-year 2024 guidance [Q1 2024 Non-GAAP Reconciliations](index=10&type=section&id=Q1%202024%20Non-GAAP%20Reconciliations) Q1 2024 non-GAAP reconciliations show Adjusted Diluted EPS of $1.41, Adjusted EBITDA of $387.3 million, and Free Cash Flow of $181.2 million [Adjusted Net Income and Adjusted Diluted EPS (Q1 2024)](index=10&type=section&id=Adjusted%20Net%20Income%20and%20Adjusted%20Diluted%20EPS%20(Q1%202024)) GAAP Net Income of $118.4 million was adjusted to $210.8 million, resulting in an Adjusted Diluted EPS of $1.41 for Q1 2024 Adjusted Net Income Reconciliation | Reconciliation ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net income attributable to common stock (GAAP) | $118,360 | $95,046 | | Adjustments (Acquisition costs, etc.) | $4,426 | $17,449 | | Non-cash adjustments (Stock comp, Amortization) | $84,562 | $71,430 | | **Adjusted net income attributable to common stock** | **$210,848** | **$183,725** | Adjusted Diluted EPS Reconciliation | EPS Reconciliation | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Diluted EPS (GAAP) | $0.79 | $0.64 | | Adjustments | $0.62 | $0.60 | | **Adjusted Diluted EPS** | **$1.41** | **$1.24** | [EBITDA and Adjusted EBITDA (Q1 2024)](index=12&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20(Q1%202024)) Q1 2024 GAAP Net Income of $118.4 million reconciled to EBITDA of $341.9 million and Adjusted EBITDA of $387.3 million EBITDA Reconciliation | EBITDA Reconciliation ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net income attributable to common stock (GAAP) | $118,360 | $95,046 | | Interest, Taxes, D&A | $223,551 | $192,411 | | **EBITDA** | **$341,911** | **$287,457** | | Adjustments (Stock comp, acquisition costs, etc.) | $45,343 | $44,900 | | **Adjusted EBITDA** | **$387,254** | **$332,357** | [Free Cash Flow (Q1 2024)](index=13&type=section&id=Free%20Cash%20Flow%20(Q1%202024)) Q1 2024 net cash from operating activities was $238.0 million, leading to a positive Free Cash Flow of $181.2 million Free Cash Flow Reconciliation | Free Cash Flow ($ thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $237,955 | $38,409 | | Net capital expenditures | ($56,721) | ($69,568) | | **Free (Negative Free) Cash Flow** | **$181,234** | **($31,159)** | [Full-Year 2024 Guidance Non-GAAP Reconciliations](index=14&type=section&id=Full-Year%202024%20Guidance%20Non-GAAP%20Reconciliations) FY 2024 guidance projects Adjusted Diluted EPS of $8.15-$8.65, Adjusted EBITDA of $2.13-$2.25 billion, and Free Cash Flow of $1.30-$1.70 billion [Estimated Adjusted Net Income and Adjusted Diluted EPS (FY 2024)](index=14&type=section&id=Estimated%20Adjusted%20Net%20Income%20and%20Adjusted%20Diluted%20EPS%20(FY%202024)) FY 2024 GAAP Net Income of $867.4-$942.8 million reconciles to Adjusted Net Income of $1.22-$1.30 billion, yielding Adjusted Diluted EPS of $8.15-$8.65 FY 2024 Adjusted Diluted EPS Guidance | FY 2024 Guidance Reconciliation | Low Range | High Range | | :--- | :--- | :--- | | Diluted EPS (GAAP) | $5.79 | $6.30 | | Adjustments (Amortization, Stock Comp, etc.) | $2.36 | $2.35 | | **Adjusted Diluted EPS** | **$8.15** | **$8.65** | [Estimated EBITDA and Adjusted EBITDA (FY 2024)](index=16&type=section&id=Estimated%20EBITDA%20and%20Adjusted%20EBITDA%20(FY%202024)) FY 2024 GAAP Net Income guidance reconciles to projected EBITDA of $1.97-$2.08 billion and Adjusted EBITDA of $2.13-$2.25 billion FY 2024 EBITDA Guidance | FY 2024 EBITDA Guidance ($ thousands) | Low Range | High Range | | :--- | :--- | :--- | | Net income attributable to common stock (GAAP) | $867,400 | $942,800 | | **EBITDA** | **$1,966,800** | **$2,080,800** | | Adjustments | $165,200 | $165,200 | | **Adjusted EBITDA** | **$2,132,000** | **$2,246,000** | [Estimated Free Cash Flow (FY 2024)](index=17&type=section&id=Estimated%20Free%20Cash%20Flow%20(FY%202024)) FY 2024 net cash from operating activities is forecast at $1.75-$2.15 billion, resulting in projected Free Cash Flow of $1.30-$1.70 billion FY 2024 Free Cash Flow Guidance | FY 2024 Free Cash Flow Guidance ($ thousands) | Low Range | High Range | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,750,000 | $2,150,000 | | Less: Net capital expenditures | ($450,000) | ($450,000) | | **Free Cash Flow** | **$1,300,000** | **$1,700,000** | [Other Information](index=4&type=section&id=Other%20Information) This section provides an overview of Quanta Services and important cautionary statements regarding forward-looking information [About Quanta Services](index=4&type=section&id=About%20Quanta%20Services) Quanta Services is a leading provider of specialized infrastructure solutions for utility, renewable energy, communications, and energy industries across North America and Australia - Quanta provides comprehensive infrastructure solutions including design, installation, repair, and maintenance[14](index=14&type=chunk) - The company operates primarily in the United States, Canada, and Australia, serving the utility, renewable energy, communications, and energy sectors[14](index=14&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section cautions investors about numerous risks and uncertainties that could cause actual results to differ materially from forward-looking projections - The press release contains forward-looking statements regarding projected financial results, business outlook, and strategic plans[15](index=15&type=chunk) - Numerous risks could impact future performance, such as economic conditions, project timing, supply chain disruptions, regulatory issues, and competition[15](index=15&type=chunk)[16](index=16&type=chunk)