HOUSTON, Jan. 23, 2025 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that it will release its fourth quarter and full-year 2024 financial results on Thursday, February 20, 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, February 20, 2025. Earnings Call Format and Supplemental MaterialsShortly following the issuance of its fourth quarter and full-year 2024 earnings release, Qua ...

In the latest market close, Quanta Services (PWR) reached $337.46, with a +0.38% movement compared to the previous day. This change lagged the S&P 500's 1% gain on the day. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 1.51%.Shares of the specialty contractor for utility and energy companies witnessed a gain of 4.22% over the previous month, beating the performance of the Construction sector with its loss of 3.14% and the S&P 500's loss of 2.14%.The investment commun ...

Quanta Services (PWR) closed at $313.48 in the latest trading session, marking a +0.41% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.54% for the day. At the same time, the Dow lost 1.63%, and the tech-heavy Nasdaq lost 1.63%.Shares of the specialty contractor for utility and energy companies have depreciated by 7.11% over the course of the past month, outperforming the Construction sector's loss of 10.47% and lagging the S&P 500's loss of 2.2%.The upcoming earnings r ...

The transition to lower-carbon energy will require a massive investment. According to Goldman Sachs, the world needs to invest an estimated $3 trillion annually through the end of the decade to support its goals of reaching net zero carbon emissions in the coming decades. That massive investment spans multiple opportunities, including renewable energy, electricity grids, and increased electrification.One company that is absolutely critical to building this infrastructure is Quanta Services (PWR -2.26%). It' ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Quanta Services (PWR) .Quanta Services currently has an average brokerage recommendation (ABR) ...

Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) ("Captiva") a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed on the US OTC Market under the symbol CPIVF announces that, further to its news release of October 11, 2024, the Company has increased the private placement from 150,000,000 units to 160,000,000 units arranged with a European finder, Cormel Capital LLC, to issue an ...

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]