Key Developments: Quanta Services Inc (PWR.N)

PWR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Quanta Services Inc Issues Q3 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
6:07am EDT 

Quanta Services Inc announced that for third quarter of 2013, it expects revenues to a range between $1.65 billion and $1.75 billion and diluted earnings per share from continuing operations to be $0.39 to $0.41. Quanta expects adjusted diluted earnings per share from continuing operations (a non-GAAP measure) for the third quarter of 2013 to be $0.43 to $0.45. The Company expects revenues for the full year 2013 to range between $6.2 billion and $6.5 billion. Diluted earnings per share from continuing operations for the full year 2013 are estimated to be between $1.35 and $1.45. The Company expects adjusted diluted earnings per share from continuing operations for fiscal 2013 to a range from $1.53 to $1.63. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.26 billion and EPS of $0.38 for third quarter of 2013.; revenue of $6.34 billion and EPS of $1.42 for fiscal 2013.  Full Article

Quanta Services Inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Thursday, 2 May 2013 06:07am EDT 

Quanta Services Inc announced that for the second quarter of 2013, it expects revenues to range between $1.45 billion and $1.55 billion, diluted earnings per share (EPS) from continuing operations to be $0.30 to $0.32 and adjusted diluted EPS from continuing operations (a non-GAAP measure) to be $0.35 to $0.37. For fiscal 2013, it expects revenues to range between $5.9 billion and $6.3 billion, diluted EPS from continuing operations to be between $1.20 and $1.40 and adjusted diluted EPS from continuing operations to range from $1.37 to $1.57. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.50 billion and EPS of $0.34 for the second quarter of 2013; and revenue of $6.16 billion and EPS of $1.40 for fiscal 2013.  Full Article

Quanta Services Inc Announces Retirement Of Executive Chairman John R. Colson
Tuesday, 2 Apr 2013 07:06am EDT 

Quanta Services Inc announced that John R. Colson, the Company's founder and Executive Chairman, will retire as Executive Chairman of the board of directors at the annual stockholders' meeting on May 23, 2013. It is expected that the board of directors will appoint a new non-executive Chairman of the board following the annual stockholders' meeting.  Full Article

Quanta Services Inc's Valard Construction Secures Contract From ATCO Electric
Monday, 11 Mar 2013 06:11am EDT 

Quanta Services Inc announced that ATCO Electric has selected Valard Construction, a Quanta Services company, to install transmission infrastructure for the Eastern Alberta Transmission Line (EATL) project. Under the terms of the contract, Valard will install approximately 310 miles (500 kilometers) of 500-kilovolt high-voltage direct current (HVDC) transmission line between the Edmonton and Calgary regions. Valard has already initiated preconstruction activities on the project and construction activities are expected to begin immediately. Valard is responsible for all construction aspects of the project including foundation construction, tower assembly and erection, and conductor stringing. The EATL transmission line is expected to be complete by the end of 2014.  Full Article

Quanta Services Inc Issues Q1 2013 Guidance; EPS Guidance Above Analysts' Estimates; Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Thursday, 21 Feb 2013 06:07am EST 

Quanta Services Inc announced that for the first quarter of 2013, it expects revenues to range between $1.3 billion and $1.4 billion, diluted earnings per share from continuing operations to be $0.28 to $0.30 and adjusted diluted earnings per share from continuing operations (a non-GAAP measure) to be $0.31 to $0.33. For fiscal 2013, the Company expects revenues to range between $5.7 billion and $6.2 billion, diluted earnings per share from continuing operations to be between $1.10 and $1.40 and adjusted diluted earnings per share (EPS) from continuing operations range from $1.23 to $1.53. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.4 billion and EPS of $0.27 for the first quarter of 2013; and revenue of $6.4 billion and EPS of $1.49 for fiscal 2013.  Full Article

SaskPower Selects Quanta Services Inc's Valard Construction To Install Island Falls To Key Lake Transmission Line
Thursday, 3 Jan 2013 06:07am EST 

Quanta Services Inc announced that SaskPower has selected Valard Construction, a Quanta Services company, to install transmission infrastructure for the Island Falls to Key Lake Transmission Line Project. Under the terms of the contract, Valard will build approximately 186 miles (300 kilometers) of 230-kilovolt transmission line in northern Saskatchewan . The project scope includes foundation construction, installation of approximately 900 transmission towers, wire stringing and related project management. Valard has initiated engineering activities and the project is expected to be complete in the spring of 2015.  Full Article

Quanta Services Inc Updates Q4 2012 EPS Guidance-Conference Call
Monday, 3 Dec 2012 05:38am EST 

Quanta Services Inc announced that for the fourth quarter of 2012, expects adjusted diluted earnings per share (a non-GAAP measure) to be $0.40 to $0.42. This non-GAAP measure is estimated before the impact of the after-tax loss from the transaction, as well as certain other non-cash items such as amortization of intangible assets and non-cash compensation expense, net of tax, on a basis similar to the adjusted diluted earnings per share. Considering the impact of the transaction, Quanta expects GAAP diluted earnings per share to be $0.27 to $0.34. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.36 for fourth quarter of 2012.  Full Article

Dycom Industries Inc to Acquire Telecommunications Infrastructure Services Subsidiaries From Quanta Services Inc
Monday, 19 Nov 2012 05:45pm EST 

Dycom Industries Inc announced that it has entered into a definitive agreement with Quanta Services Inc to acquire substantially all of Quanta's domestic telecommunications infrastructure services subsidiaries for approximately $275 million in cash. The acquired subsidiaries provide specialty contracting services, including engineering, construction, maintenance and installation services to telecommunications providers, and other construction and maintenance services to electric and gas utilities and others. Principal business facilities are located in Arizona, California, Florida, Georgia, Minnesota, New York, Pennsylvania, and Washington. The acquisition is expected to be completed by December 31, 2012. The purchase price of approximately $275 million, which is subject to adjustments for working capital and other specified items, will be financed with a new $400 million senior secured credit facility arranged and syndicated by Bank of America Merrill Lynch and Wells Fargo Securities, LLC.  Full Article

Quanta Services Inc Issues Q4 2012 Guidance Above Analysts' Estimates; Raises FY 2012 Revenue Guidance; Lowers High End Of Prior FY 2012 EPS Guidance
Wednesday, 31 Oct 2012 06:07am EDT 

Quanta Services Inc announced that as a result of Quanta's strong performance in the third quarter and improved visibility in the fourth quarter, the Company has raised guidance for fiscal 2012. For the fourth quarter of 2012, the Company expects revenues to range between $1.55 billion and $1.65 billion and diluted earnings per share (EPS) to be $0.37 to $0.39. Included in estimate of GAAP diluted earnings per share for the fourth quarter of 2012 is a net tax benefit of approximately $0.02 per share associated with certain tax contingency releases due to the expiration of certain statutes of limitations during the fourth quarter. It expects adjusted diluted earnings per share (a non-GAAP measure) for the fourth quarter of 2012 to be $0.40 to $0.42. For fiscal 2012, it expects revenues to range between $6.2 billion and $6.3 billion, diluted EPS to be between $1.35 and $1.37 and adjusted diluted EPS to range from $1.50 to $1.52. Quanta's previous fiscal 2012 revenues, diluted EPS and adjusted diluted EPS forecast was $5.9 billion to $6.1 billion, $1.15 to $1.25 and $1.35 to $1.45. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.48 billion and EPS of $0.33 for fourth quarter of 2012; revenue of $5.06 billion and EPS of $1.22 for fiscal 2012.  Full Article

Federal Court Order Rules In Favor Of Quanta Services Inc In Patent Infringement Case
Tuesday, 2 Oct 2012 07:00am EDT 

Quanta Services Inc announced that a federal court in Houston has entered an order finding that a product line sold by Canadian-based Liveline Solutions, Inc., infringes on United States Patent No. 5,538,207, which belongs to Quanta Services and is known commercially as the patent for the Company's LineMaster robotic arm. Liveline Solutions previously marketed and sold the infringing products — branded as PowerArms — to customers in the United States and internationally.  Full Article

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