Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Baird Global Industrial ConferenceUBS Global Industrials and Transportation ConferenceHOUSTON, Nov. 6, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that company management will participate in two institutional investor conferences during the fourth quarter of 2024; the Baird Global Industrial Conference and the UBS Global Industrials and Transportation Conference. Baird Global Industrial ConferenceDuke Austin, Chief Executive Officer and Jayshree Desai, Chief Financial Officer, wil ...

FOR IMMEDIATE RELEASE 24-18 Contacts: Jayshree Desai, CFO Media – Liz James Kip Rupp, CFA, IRC - Investors FGS Global Quanta Services, Inc. (281) 881-5170 (713) 629-7600 PRESS RELEASE QUANTA SERVICES REPORTS THIRD QUARTER 2024 RESULTS Third Quarter Consolidated Revenues of $6.5 Billion* Third Quarter GAAP Diluted EPS of $1.95* and Adjusted Diluted EPS of $2.72* Net Income Attributable to Common Stock of $293.2 Million* and Adjusted EBITDA of $682.8 Million* Year-to-Date Cash Flow From Operations of $1.37 Bi ...

Financial Data and Key Metrics Changes - Quanta reported third quarter revenues of $6.5 billion, net income attributable to common stock of $293.2 million, or $1.95 per diluted share, and adjusted diluted earnings per share of $2.72 [18] - Adjusted EBITDA was $682.8 million, representing 10.5% of revenues [18] - The company generated cash flow from operations of $739.9 million and free cash flow of $539.5 million during the quarter [19] - The total backlog reached a record $34 billion [12] Business Line Data and Key Metrics Changes - The renewable segment showed improved margins, with expectations for double-digit margins in the future [30][32] - The traditional Transmission and Distribution (T&D) business experienced organic growth of 5% in the third quarter, with double-digit growth forecasted for the year [34] - The Cupertino Electric acquisition is expected to enhance capabilities and provide synergies, particularly in the data center business [31] Market Data and Key Metrics Changes - Utilities across the U.S. are forecasting significant increases in power demand, driven by new technologies and infrastructure needs [13] - The company noted record levels of bids and proposals for renewable transmission projects, indicating strong market demand [25][26] Company Strategy and Development Direction - Quanta is focusing on infrastructure investment, with a diverse service line creating platforms for growth and expanding the total addressable market [16] - The integration of Cupertino Electric is progressing well, enhancing the company's capabilities in critical path electric infrastructure solutions [14] - The company aims to maintain a leverage profile below two times by year-end and expects record levels of free cash flow [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's execution of its strategic plan and highlighted the favorable end market trends [15] - The company anticipates continued strength in the coming years, with expectations for adjusted EPS to grow approximately 20% year-over-year [15] - Management acknowledged the challenges posed by supply chain constraints but emphasized the company's proactive measures to mitigate risks [23][24] Other Important Information - Quanta's employee relief fund, Quanta Cares, provided support to approximately 125 employees affected by recent hurricanes [11] - The company is actively involved in community support during natural disasters, leveraging resources to assist in recovery efforts [10] Q&A Session Summary Question: Transformer manufacturing capability acquisition - Management confirmed the acquisition of a small transformer manufacturing company in New York, which will help address supply chain constraints and enhance internal capabilities [23] Question: Renewable transmission projects visibility - Management indicated record levels of bids and proposals for renewable transmission projects, with expectations for continued growth in this area [25] Question: Renewable margins and future expectations - Management expressed optimism about achieving double-digit margins in the renewable segment over time, with a stronger performance expected in the second half of the year [30][32] Question: Cupertino business performance - The Cupertino acquisition is performing at the high end of revenue expectations, with synergies expected to materialize in the coming years [29][32] Question: Organic growth and backlog - Management noted that organic growth in the T&D business is expected to be in the upper single digits going forward, with a strong backlog supporting this growth [34] Question: Labor and supply chain challenges - Management acknowledged ongoing labor and supply chain challenges but emphasized the company's ability to manage these risks effectively [110] Question: Grid hardening demand - Management confirmed an increase in demand for grid hardening services due to recent severe weather events, with multi-year programs being implemented [60][61] Question: MSA renewal process - Management indicated that MSAs are becoming more collaborative, with longer-term contracts being negotiated to ensure resource availability [64] Question: Future large project opportunities - Management expressed confidence in the pipeline of large projects, with substantial demand expected in the coming years [90]

Quanta Services (PWR) reported $6.49 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 15.5%. EPS of $2.72 for the same period compares to $2.24 a year ago.The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $6.55 billion. With the consensus EPS estimate being $2.66, the EPS surprise was +2.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. or ☐ 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 j ...

Quanta Services (PWR) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.26%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $1.93 per share when it actually produced earnings of $1.90, delivering a surprise of -1.5 ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE 24-18 Contacts: Jayshree Desai, CFO Media – Liz James Kip Rupp, CFA, IRC - Investors FGS Global Quanta Services, Inc. (281) 881-5170 (713) 629-7600 QUANTA SERVICES REPORTS THIRD QUARTER 2024 RESULTS Third Quarter Consolidated Revenues of $6.5 Billion* Third Quarter GAAP Diluted EPS of $1.95* and Adjusted Diluted EPS of $2.72* Net Income Attributable to Common Stock of $293.2 Million* and Adjusted EBITDA of $682.8 Million* Year-to-Date Cash Flow From Operation ...

Third Quarter Consolidated Revenues of $6.5 Billion*Third Quarter GAAP Diluted EPS of $1.95* and Adjusted Diluted EPS of $2.72*Net Income Attributable to Common Stock of $293.2 Million* and Adjusted EBITDA of $682.8 Million*Year-to-Date Cash Flow From Operations of $1.37 Billion* and Free Cash Flow of $979.3 Million*Remaining Performance Obligations of $15.6 Billion* and Total Backlog of $34.0 Billion* Raising Mid-Point of Full-Year 2024 Adjusted Earnings Per Share Expectations* = Record quarterly or record ...

Wall Street analysts expect Quanta Services (PWR) to post quarterly earnings of $2.66 per share in its upcoming report, which indicates a year-over-year increase of 18.8%. Revenues are expected to be $6.55 billion, up 16.6% from the year-ago quarter. The current level reflects an upward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prior to a ...