Workflow
Quanta Services(PWR)
icon
Search documents
Quanta Services(PWR) - 2023 Q4 - Annual Report
2024-02-22 14:56
Fleet and Workforce - As of December 31, 2023, the total fleet size was approximately 71,000 units, which includes owned and leased trucks, trailers, and specialty construction equipment[47] - The company had approximately 52,500 employees as of December 31, 2023, with 32% covered by collective bargaining agreements[56] - Approximately 47,200 employees are based in the U.S., while around 5,300 are located internationally, primarily in Canada[56] Financial Performance and Market Conditions - Revenues are typically lowest in the first quarter due to adverse weather conditions, with the third quarter generally being the highest due to more projects underway[50] - Variable rate indebtedness exposes the company to interest rate risk, with significant increases in interest rates during 2022 and 2023 impacting debt service obligations[191] - A downgrade in the company's debt rating could restrict access to capital markets and increase borrowing costs, adversely affecting financial performance[194] - The company has 145,508,549 shares outstanding as of December 31, 2023, with potential future equity issuances that could dilute existing stockholders' ownership[195] Strategic Initiatives and Services - The company is expanding its Engineering, Procurement, and Construction (EPC) services, with increasing customer requests for material procurement[49] - The company is strategically focused on expanding natural gas utility services in response to the long-term decline in demand for fossil fuels[72] - Increased demand for renewable energy infrastructure services is anticipated due to the transition to a reduced-carbon economy, with utility customers shifting towards sustainable power generation[70] Compliance and Risk Management - The company is focused on compliance with extensive regulations, which could impact operations and financial performance[51] - The company has implemented a comprehensive ethics and compliance training program to ensure adherence to laws and internal policies[66] - Climate change-related risks and opportunities are integrated into the company's long-term strategic planning and risk management processes[67] - New regulations related to climate change may increase operational costs, particularly concerning greenhouse gas emissions and fuel prices[73] Safety and Training - Significant investments are being made in safety programs and training facilities, including the Quanta Advanced Training Center in Texas[57] - The company is addressing labor shortages by developing strategic relationships with universities and expanding training facilities[60] External Factors - Regulatory changes, such as the IRA and IIJA, are expected to support long-term demand for renewable energy projects[54] - Severe weather events, such as hurricanes and wildfires, have impacted operational productivity and project timelines, leading to fluctuations in emergency restoration services[68] - The company may face challenges in securing surety bonds and financial assurances, which could limit its ability to compete for projects[192]
Quanta Services(PWR) - 2023 Q4 - Annual Results
2024-02-22 11:58
Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE 24-02 | 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 FOURTH QUARTER AND FULL-YEAR 2023 RESULTS Full-Year 2024 Guidance Reflects Solid Growth in Revenues and Opportunity for Double-Digit Growth in Net Income, Adjusted EBITDA, Cash Flow From Operations and Earnings Per Share Fourth Quarter 202 ...
Quanta Services(PWR) - 2023 Q3 - Earnings Call Transcript
2023-11-02 19:01
Quanta Services, Inc. (NYSE:PWR) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Kip Rupp – Vice President-Investor Relations Duke Austin – President and Chief Executive Officer Jayshree Desai – Chief Financial Officer Conference Call Participants Michael Dudas – Vertical Research Partners Justin Hauke – Baird Neil Mehta – Goldman Sachs Andy Kaplowitz – Citigroup Marc Bianchi – TD Cowen Steven Fisher – UBS Operator Greetings, and welcome to the Quanta Services Third Quarter ...
Quanta Services(PWR) - 2023 Q3 - Earnings Call Presentation
2023-11-02 16:14
Certain information may be provided in this presentation that includes financial measurements that are not required by, or presented in accordance with, generally accepted accounting principles (GAAP). These non-GAAP financial measures should not be considered as alternatives to GAAP financial measures, such as net income attributable to common stock and cash flow provided by operating activities, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used ...
Quanta Services(PWR) - 2023 Q3 - Quarterly Report
2023-11-02 14:03
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, 2023. 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) - 2023 Q2 - Earnings Call Transcript
2023-08-03 19:15
Quanta Services, Inc. (NYSE:PWR) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Kip Rupp - Vice President of Investor Relations Earl Austin - President and Chief Executive Officer Jayshree Desai - Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Michael Dudas - Vertical Research Partners Steven Fisher - UBS Andrew Kaplowitz - Citigroup Justin Hauke - Baird Neil Mehta - Goldman Sachs Martin Malloy - Johnson Rice Chad Dillard - Bernstein Rese ...
Quanta Services(PWR) - 2023 Q2 - Quarterly Report
2023-08-03 14:23
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 June 30, 2023. 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 jurisd ...
Quanta Services(PWR) - 2023 Q1 - Earnings Call Transcript
2023-05-04 18:50
Quanta Services, Inc. (NYSE:PWR) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Kip Rupp - Vice President of Investor Relations Duke Austin - President and CEO Jayshree Desai - CFO Conference Call Participants Andy Kaplowitz - Citigroup Adam Thalhimer - Thomson, Davis Alex Rygiel - B. Riley Justin Hauke - Robert W. Baird Steven Fisher - UBS Chad Dillard - Bernstein Jamie Cook - Credit Suisse Marc Bianchi - TD Cowen Neil Mehta - Goldman Sachs Sean Eastman - KeyBanc Capital Marke ...
Quanta Services(PWR) - 2023 Q1 - Quarterly Report
2023-05-04 14:08
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 March 31, 2023. 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 juris ...
Quanta Services(PWR) - 2022 Q4 - Earnings Call Transcript
2023-02-23 18:11
Quanta Services, Inc. (NYSE:PWR) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Kip Rupp - Vice President of Investor Relations Duke Austin - President and CEO Jayshree Desai - CFO Conference Call Participants Alex Rygiel - B. Riley Securities Neil Mehta - Goldman Sachs Justin Hauke - Robert W. Baird Jamie Cook - Credit Suisse Noelle Dilts - Stifel Steven Fisher - UBS Adam Thalhimer - Thompson, Davis Chad Dillard - Bernstein Research Michael Dudas - Vertical Research ...