Quanta Services(PWR)
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Quanta Services(PWR) - 2025 Q1 - Quarterly Results
2025-05-01 10:58
Exhibit 99.1 FOR IMMEDIATE RELEASE 25-05 Repurchased Approximately $135 Million of its Outstanding Common Stock | Contacts: | Jayshree Desai, CFO | Media – Noa Schwartz | | --- | --- | --- | | | Kip Rupp, CFA, IRC - Investors | FGS Global | | | Quanta Services, Inc. | (310) 405-4312 | | | (713) 629-7600 | | QUANTA SERVICES REPORTS FIRST QUARTER 2025 RESULTS First Quarter Consolidated Revenues of $6.2 Billion* First Quarter GAAP Diluted EPS of $0.96* and Adjusted Diluted EPS of $1.78* Net Income Attributable ...
QUANTA SERVICES REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-01 10:55
First Quarter Consolidated Revenues of $6.2 Billion*First Quarter GAAP Diluted EPS of $0.96* and Adjusted Diluted EPS of $1.78*Net Income Attributable to Common Stock of $144.3 Million* and Adjusted EBITDA of $503.9 Million*Cash Flow From Operations of $243.2 Million* and Free Cash Flow of $117.8 MillionRemaining Performance Obligations (RPO) of $17.6 Billion* and Total Backlog of $35.3 Billion* Repurchased Approximately $135 Million of its Outstanding Common StockDemand for Our Collaborative Infrastructure ...
Unlocking Q1 Potential of Quanta Services (PWR): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-04-28 14:22
Core Insights - Quanta Services (PWR) is expected to report quarterly earnings of $1.67 per share, reflecting an 18.4% increase year-over-year, with revenues projected at $5.88 billion, a 16.8% increase from the previous year [1][2]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.6% over the past 30 days, indicating analysts' positive reassessment of the company's performance [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast revenues from 'Underground Utility and Infrastructure Solutions' to reach $1.19 billion, marking a year-over-year increase of 6.1% [5]. - 'Electric Power Infrastructure Solutions' revenues are expected to be $4.69 billion, representing a significant year-over-year increase of 101.6% [5]. Backlog Estimates - Total backlog is projected to reach $34.19 billion, up from $29.90 billion year-over-year [5]. - 'Backlog - Underground Utility and Infrastructure Solutions' is estimated at $5.67 billion, down from $6.10 billion year-over-year [6]. - 'Backlog - Electric Power Infrastructure Solutions' is expected to be $28.52 billion, a substantial increase from $15.34 billion year-over-year [6]. Operating Income Projections - 'Operating income (loss) - Underground Utility and Infrastructure Solutions' is projected at $63.10 million, compared to $46.89 million in the same quarter last year [7]. - 'Operating income (loss) - Electric Power Infrastructure Solutions' is expected to reach $391.20 million, up from $228.03 million in the same quarter of the previous year [7]. Stock Performance - Quanta Services shares have increased by 13% over the past month, contrasting with the Zacks S&P 500 composite's decline of 4.3% [8]. - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [8].
Quanta Services Announces First Quarter 2025 Earnings Release & Webcast Schedule
Prnewswire· 2025-04-11 10:55
HOUSTON, April 11, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that it will release its first quarter 2025 financial results on Thursday, May 1, 2025, before the market opens. In conjunction with the press release, Quanta has scheduled a webcast and conference call for 9:00 a.m. Eastern time on Thursday, May 1, 2025. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its first quarter 2025 earnings release, Quanta will post its supplemental earnings m ...
Quanta Services (PWR) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-03-21 23:06
Company Overview - Quanta Services (PWR) closed at $268.22, down 1.06% from the previous trading session, underperforming the S&P 500's gain of 0.08% [1] - The company has seen a 3.58% decline in share price over the past month, while the Construction sector and S&P 500 have lost 4.98% and 7.33%, respectively [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $1.72, representing a 21.99% increase year-over-year [2] - Quarterly revenue is anticipated to be $5.89 billion, up 16.98% from the same period last year [2] Annual Estimates - For the annual period, earnings are projected at $10.18 per share and revenue at $26.9 billion, indicating increases of 13.49% and 13.63% year-over-year, respectively [3] - Recent revisions to analyst forecasts are crucial as they reflect near-term business trends and analyst optimism [3] Analyst Ratings and Momentum - Estimate revisions are correlated with near-term share price momentum, and the Zacks Rank system can help investors capitalize on this [4] - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] - Quanta Services currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Quanta Services has a Forward P/E ratio of 26.64, which is a premium compared to the industry average of 17.24 [6] - The company has a PEG ratio of 2.02, while the Engineering - R and D Services industry has an average PEG ratio of 1.3 [6] Industry Context - The Engineering - R and D Services industry is part of the Construction sector and holds a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Quanta Services Announces Quarterly Cash Dividend
Prnewswire· 2025-03-21 20:10
HOUSTON, March 21, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.10 per share, or a rate of $0.40 per share on an annualized basis. The dividend is payable on April 11, 2025, to stockholders of record as of April 3, 2025. About Quanta ServicesQuanta is an industry leader in providing specialized infrastructure solutions to the utility, renewable energy, technology, communications, pipeline and e ...
Quanta Services (PWR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-03-18 23:20
Company Performance - Quanta Services (PWR) closed at $263.36, reflecting a -1.51% change from the previous session, underperforming the S&P 500's loss of 1.07% [1] - The stock has decreased by 6.32% over the past month, which is better than the Construction sector's loss of 6.73% and the S&P 500's loss of 7.03% [1] Upcoming Earnings - Analysts expect Quanta Services to report an EPS of $1.72, representing a 21.99% increase year-over-year [2] - Revenue is anticipated to be $5.89 billion, indicating a 17.03% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are projected at $10.18 per share and revenue at $26.9 billion, reflecting increases of +13.49% and +13.64% respectively from the previous year [3] Analyst Revisions - Recent changes to analyst estimates for Quanta Services suggest positive short-term business trends, which are generally viewed as favorable for the company's outlook [3] Zacks Rank and Performance - Quanta Services has a Zacks Rank of 3 (Hold), with the consensus EPS projection having increased by 0.46% in the last 30 days [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Valuation Metrics - Quanta Services is currently trading at a Forward P/E ratio of 26.28, which is higher than the industry average of 16.76, indicating a premium valuation [6] - The company has a PEG ratio of 1.99, compared to the industry average of 1.27, suggesting a higher expected earnings growth rate relative to its price [7] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [8] - Strong industry rankings correlate with better performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]
Captiva Verde Announces Partnership with Genesis Water Technologies
Newsfile· 2025-02-26 13:00
Core Viewpoint - Captiva Verde Wellness Corp. has announced a strategic partnership with Genesis Water Technologies to address global water scarcity issues through innovative water production technologies [1][4]. Company Overview - Captiva Verde is a public company listed on the Canadian Securities Exchange and the US OTC Market, focusing on partnerships that support Indigenous development and economic growth in sustainability and renewable resources [15]. - Matnaggewinu Development Corporation (MDC) is a 49% owned subsidiary of Captiva Verde, dedicated to advancing economic development for Mi'kmaq communities through sustainable projects [14]. Genesis Water Technologies - Genesis Water Technologies is a global leader in specialized pure water production, addressing the international drinking water crisis, with over 1.8 billion people currently living in water scarcity [2]. - The company has developed patented methods for producing renewable water from air, with applications in agriculture, energy, tourism, hospitals, emergency response, military, and municipal water supplies [2][3]. - Genesis Systems' technology is recognized for its scalability and efficiency, making it suitable for implementation in challenging environments worldwide [3][4]. Leadership and Expertise - Dr. David Stuckenberg, co-founder of Genesis Water Systems, has over 25 years of experience in infrastructure, water technology, and renewable energy sectors, providing strategic insights for Captiva Verde and MDC [5][10]. - His background includes significant roles in government and industry, contributing to national critical infrastructure resilience and innovative technology strategies [7][8]. Strategic Importance - The partnership with Genesis Water Technologies positions Captiva Verde and MDC at the forefront of sustainable technology solutions, enhancing their role in the global clean technology market [12].
Quanta Services(PWR) - 2024 Q4 - Earnings Call Transcript
2025-02-20 18:33
Financial Data and Key Metrics Changes - Quanta Services reported fourth quarter revenues of $6.6 billion, net income attributable to common stock of $305.1 million, or $2.03 per diluted share, and adjusted diluted earnings per share of $2.94 [17][19] - Adjusted EBITDA was $737.8 million, representing 11.3% of revenues [18] - The company achieved record free cash flow of $575.4 million for the fourth quarter and $1.6 billion for the full year, marking a record for full-year free cash flow [19] Business Line Data and Key Metrics Changes - The renewable energy infrastructure solutions segment's backlog reached all-time highs, contributing to the overall growth in revenues and earnings [9][10] - The company expects continued double-digit growth in adjusted EBITDA and adjusted earnings per share for 2025, reflecting the strength of its portfolio approach [20][22] Market Data and Key Metrics Changes - Utilities in the U.S. are forecasting significant increases in power demand, driven by new technologies and infrastructure needs, including data centers and AI [12] - The energy transition and policies aimed at reinforcing domestic manufacturing and supply chains are creating urgent needs for grid modernization and energy infrastructure development [12][14] Company Strategy and Development Direction - Quanta Services is focused on a diversified solutions-based strategy that allows adaptation to evolving industry dynamics while delivering critical infrastructure [9][11] - The company is positioning itself for long-term infrastructure investment, emphasizing the importance of its service line diversity and craft skill labor [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the evolving energy landscape, highlighting the increasing demand for energy and the need for modernization [12][15] - The company is optimistic about its growth prospects, with expectations for record backlog and strong performance in the coming years [22] Other Important Information - Quanta will report results under two segments starting in Q1 2025: electric infrastructure solutions and underground utility and infrastructure solutions, reflecting how the business is managed and resources allocated [21] - The company completed two acquisitions for approximately $562 million, which are expected to enhance its service capabilities [20] Q&A Session Summary Question: What does the shift from investing in training data centers to inference mean for Quanta and the broader grid? - Management noted that demand for energy infrastructure has increased significantly, particularly with the rise of AI and data centers, indicating a positive outlook for the market [29][30] Question: What sort of revenue contribution should be expected from recent acquisitions in 2025? - Management refrained from discussing individual acquisition contributions but indicated that the majority would be captured in the underground utility and infrastructure segment [38] Question: Can you provide insight into margin performance in the electric power segment? - Management highlighted strong execution in the quarter, with expectations for margins to remain in the 10.5% to 11% range going forward [42][45] Question: What are the expectations for backlog growth in 2025? - Management expects record levels of backlog growth, driven by larger projects and the company's ability to provide comprehensive solutions [55][56] Question: How is the company addressing the impact of California wildfires? - Management confirmed ongoing involvement in undergrounding projects in California, emphasizing the importance of grid hardening in response to violent weather events [106][110] Question: What is the outlook for the underground business in 2025? - Management anticipates margin improvement in the underground business due to better industrial margins and increased capital investment in the gas business [146][148]
Quanta Services(PWR) - 2024 Q4 - Annual Report
2025-02-20 15:10
Fleet and Workforce - As of December 31, 2024, the total fleet size was approximately 77,000 units, which includes owned and leased trucks, trailers, and specialty construction equipment [51]. - Approximately 58,400 employees were reported as of December 31, 2024, with 32% covered by collective bargaining agreements [61]. Manufacturing and Supply Chain - The company has invested in domestic manufacturing capabilities for critical components, including high- and low-voltage power transformers, to alleviate supply chain constraints [53]. Revenue and Seasonal Trends - Revenue is typically lowest in the first quarter due to adverse weather conditions, with the highest revenues generally occurring in the third and fourth quarters [55]. - Seasonal variations in revenue are influenced by customer spending patterns and project timing, with infrastructure projects often delayed until capital budgets are finalized [55]. Labor and Safety - The company is focused on attracting and retaining skilled labor, with strategic relationships established with universities and unions to address labor shortages [64]. - The company has implemented extensive safety programs and training, including the Quanta Advanced Training Center, to ensure employee safety and compliance with regulations [62]. Regulatory and Environmental Impact - Regulatory changes, such as those from the IRA and IIJA, are expected to positively impact long-term demand for services related to renewable energy projects [59]. - Climate change has resulted in operational challenges and opportunities, influencing productivity and project timelines due to severe weather events [73]. - The company has seen fluctuations in emergency restoration services due to climate-related events, impacting customer spending on infrastructure improvements [73]. - Increased demand for renewable energy infrastructure services is anticipated as utility customers transition to sustainable power generation sources [75]. - The company has strategically focused on expanding natural gas utility services in response to climate change-related market dynamics [76]. - New regulations related to climate change could significantly increase operational costs, particularly concerning greenhouse gas emissions and fuel prices [77]. Financial Risks and Capital Management - Significant resources are allocated to the utilization of equipment, which is critical for maintaining operational efficiency and profitability [51]. - The company is subject to various federal, state, and local regulations that could materially affect operations if not complied with [56]. - Variable rate indebtedness exposes the company to interest rate risk, with increased debt service obligations due to rising interest rates [195]. - The ability to obtain surety bonds and financial assurances is critical for project bidding, with potential market conditions affecting availability [196]. - A downgrade in the company's credit rating could restrict access to capital markets and increase borrowing costs [199]. - Future equity issuances may dilute existing stockholders' ownership and affect the market price of common stock [200]. - The company maintains a captive insurance company to manage risks, with potential claims up to $50 million per occurrence [79].