SAN FRANCISCO, Feb. 27, 2026 (GLOBE NEWSWIRE) -- On February 17, 2026, Kyndryl Holdings, Inc. (NYSE: KD) filed two amended quarterly reports and one amended annual report providing further detail about problems previously reported on February 9, 2026. The recent filings reveal that “the Company’s disclosure controls and procedures and internal control over financial reporting were ineffective” as of March 31, June 30, and September 30, 2025. Each specified that “senior finance executives failed to set an ap ...

Core Viewpoint - Quanta Services, Inc. will participate in two institutional investor conferences in March 2026, highlighting its commitment to engaging with investors and showcasing its industry leadership in infrastructure solutions [1]. Group 1: Conference Participation - Quanta Services will attend the Jefferies Power, Energy, Clean Energy, and Utilities Conference on March 3, 2026, in New York City, where CEO Duke Austin and CFO Jayshree Desai will meet with institutional investors [1]. - During the Jefferies conference, Austin and Desai will participate in a fireside chat hosted by analyst Julien Dumoulin-Smith, scheduled for 2:45 p.m. Eastern time, which will be broadcast live [1]. - The Daiwa Investment Conference in Tokyo will take place on March 2 and 3, 2026, where Kip Rupp, Vice President of Investor Relations, will also meet with institutional investors [1]. Group 2: Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various industries, including utility, power generation, communications, and energy [1]. - The company offers a comprehensive range of services, including the design, installation, repair, and maintenance of energy and communications infrastructure [1]. - Quanta operates in the United States, Canada, Australia, and select international markets, possessing the manpower and expertise to handle projects of varying scopes [1].

February 26, 2026 Full Year and 4th Quarter 2025 EARNINGS CALL DISCLOSURE: Forward-Looking Statements This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forward- looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about: ...

Centuri.com 1 Investor Presentation February 2026 Forward Looking Statements Disclaimer Unless the context otherwise requires, in this presentation, references to "we," "us," and "our" are to Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri" or the "Company"), together with its consolidated subsidiaries, which include, among others, Centuri Group, Inc. This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securi ...

Core Insights - Quanta Services forecasts 2026 profit above Wall Street estimates due to strong demand driven by AI data center investments [1] - The company expects full-year adjusted profit per share between $12.65 and $13.35, exceeding analysts' estimate of $12.44 per share [1] - Quanta's shares rose 6% in premarket trading following the announcement [1] Financial Performance - Quanta's adjusted profit for the quarter ended December 31 increased to $3.16 per share, up from $2.94 per share a year ago, surpassing analysts' expectations of $3.02 per share [1] - The company's fourth-quarter revenue rose to $7.84 billion, compared to $6.55 billion a year earlier, exceeding analysts' expectations of $7.37 billion [1] Industry Context - The CEO highlighted significant opportunities arising from the convergence of utility, power generation, and large-load industries [1] - Quanta is well-positioned to address growing electricity and infrastructure demand from various sectors, including data centers, manufacturing, and power grid expansion [1]

Core Insights - Quanta Services reported strong financial results for Q4 2025 and full-year 2025, with significant year-over-year growth in revenue and adjusted EBITDA, achieving record results across multiple key financial metrics [1][2] - The company anticipates double-digit growth in revenues, net income, and adjusted EBITDA for full-year 2026, with a projected EPS growth of over 20% [1][2] - Quanta's backlog reached an all-time high of $44.0 billion, driven by strong demand in the Electric segment and sustained activity across end markets [1][2] Financial Performance - Q4 2025 revenues were $7.84 billion, up from $6.55 billion in Q4 2024, with net income attributable to common stock at $315.5 million, or $2.08 per diluted share, compared to $305.1 million, or $2.03 per diluted share, in Q4 2024 [1][2] - Full-year 2025 revenues totaled $28.48 billion, an increase from $23.67 billion in 2024, with net income attributable to common stock of $1.03 billion, or $6.80 per diluted share, compared to $904.8 million, or $6.03 per diluted share, in 2024 [1][2] Segment Performance - Quanta operates under two reportable segments: Electric Infrastructure Solutions and Underground Utility and Infrastructure Solutions, with the Electric segment contributing significantly to overall revenues [6][7] - For Q4 2025, the Electric segment generated revenues of $6.43 billion, accounting for 82% of total revenues, while the Underground segment contributed $1.41 billion, representing 18% [6][7] Acquisitions - In Q4 2025, Quanta completed the acquisition of Tri-City Group, Wilson Construction Company, and Billings Flying Service for approximately $1.73 billion, enhancing its capabilities in electrical infrastructure services [2][3] - These acquisitions are expected to contribute approximately $0.40-$0.50 to adjusted EPS in 2026, primarily within the Electric segment [2][3] 2026 Guidance - For full-year 2026, Quanta expects revenues between $33.25 billion and $33.75 billion, with net income attributable to common stock ranging from $1.27 billion to $1.38 billion [2][3] - The company projects diluted EPS to be between $8.36 and $9.06, and adjusted diluted EPS to range from $12.65 to $13.35 [2][3]

Core Viewpoint - Quanta Services, Inc. (PWR) is set to report its fourth-quarter 2025 results on February 19, 2026, with a record backlog and raised guidance for 2025 following the third quarter [1] Financial Performance - In the last reported quarter, adjusted earnings and revenues exceeded the Zacks Consensus Estimate by 2.5% and 2.4%, respectively, with year-over-year growth of 22.4% in earnings and 17.6% in revenues [2] - The company reported revenues of $7.63 billion and a record backlog of $39.2 billion, indicating strong demand in the Electric segment [2] - The Zacks Consensus Estimate for fourth-quarter adjusted earnings per share (EPS) has decreased slightly to $3.00, reflecting a 2% increase from the previous year's EPS of $2.94, while revenue estimates are set at $7.28 billion, indicating an 11% year-over-year growth [3] Segment Performance - The Electric Infrastructure Solutions segment, which contributed 80.9% to third-quarter revenues, is expected to be the main growth driver due to ongoing demand for upgrades in transmission, substations, and distribution, as well as renewable energy integration [4] - The Underground Utility and Infrastructure Solutions segment, contributing 19.1% to revenues, may benefit from ongoing infrastructure projects and recent acquisitions, with additional support from technology and healthcare-related markets [5] - Revenue estimates for the Electric Infrastructure Solutions segment are expected to rise by 76% to $6 billion, while the Underground Utility and Infrastructure Solutions segment is projected to increase by 16.7% to $1.37 billion [8] Margin Analysis - Fourth-quarter margins are anticipated to be supported by the Electric Infrastructure Solutions segment's strength, with favorable project mix and operating leverage contributing to profitability [10] - However, margins may face pressure from inflation, supply chain constraints, and project timing variability, which could impact overall profitability [11] - Operating profit in the Electric Infrastructure Solutions segment is expected to grow to $647 million from $445 million year-over-year, while the Underground Utility and Infrastructure Solutions segment's operating profit is projected to increase to $111 million from $42.6 million [12]

Core Insights - Quanta Services, Inc. (NYSE:PWR) has been recognized as one of the best performing stocks in the S&P 500 over the past five years [1] - On February 6, 2026, shares reached a record high of $502.54, reflecting a more than 60% increase over the past year, with nearly 20% gains in the current year [2] Analyst Ratings and Price Targets - Stifel maintained a 'Buy' rating on Quanta Services, raising its price target from $495 to $517, citing improving activity ahead of Q4 expectations [3] - Citi also raised its price target from $526 to $540 while keeping a 'Buy' rating, highlighting strong Q4 performance expectations due to expanding electrical and mechanical work for data centers [4] Market Position and Investor Sentiment - Analyst updates indicate strong confidence in Quanta Services' positioning within the electric power, renewable energy, and underground infrastructure sectors [5] - Investor momentum remains robust, driven by increased visibility into Q4 results and early 2026 project expectations [5] Company Overview - Quanta Services, Inc. provides infrastructure solutions across electric power, renewable energy, and underground assets, supporting utilities and energy producers with large-scale construction, maintenance, and modernization projects [6]

Core Insights - Kyndryl Holdings, Inc. experienced a significant share price drop of nearly 57% on February 9, 2026, following the announcement of delays in filing its quarterly report and the immediate departure of key executives [1][1][1] Company Developments - Kyndryl announced it would not timely file its quarterly report for the quarter ended December 31, 2025, due to its Audit Committee reviewing cash management practices and internal controls [1][1] - The company revealed it received document requests from the SEC's Division of Enforcement related to the ongoing review by the Audit Committee [1][1] - The CFO David Wyshner and General Counsel Edward Sebold departed effective February 5, 2026, alongside the comptroller Vineet Khurana stepping down from his position [1][1] Market Reaction - The market reacted severely to the news, resulting in a loss of over $3 billion in market capitalization in a single day [1][1] - The drastic decline in share price reflects investor concerns regarding Kyndryl's financial management and internal controls, particularly in relation to its previously touted free cash flow growth [1][1]

Core Viewpoint - Kyndryl Holdings, Inc. experienced a significant drop in share price, nearly 57%, following the announcement of delays in filing its quarterly report and the immediate departure of key executives, raising concerns about the company's financial practices and internal controls [1][5]. Group 1: Company Developments - Kyndryl announced it would not timely file its quarterly report for the quarter ended December 31, 2025, due to an ongoing review by its Audit Committee regarding cash management practices and internal controls [4]. - The company revealed it received document requests from the SEC's Division of Enforcement related to the matters under review by the Audit Committee [4]. - The CFO David Wyshner and General Counsel Edward Sebold departed effective February 5, 2026, alongside the comptroller Vineet Khurana, who stepped down while assuming another position [5]. Group 2: Market Reaction - Following the announcements, Kyndryl's share price fell nearly 57% in a single trading day, resulting in a loss of over $3 billion in market capitalization [1][5]. - The severe market reaction has prompted Hagens Berman, a national shareholder rights law firm, to investigate whether Kyndryl misled investors regarding its financial statements and internal controls [2][6]. Group 3: Legal Implications - Hagens Berman is investigating the potential misleading of investors concerning Kyndryl's cash management practices, particularly in light of the company's previous emphasis on strong free cash flow conversion [3][6]. - The firm is urging Kyndryl investors who suffered significant losses to contact them to discuss their rights [2].