Quanta Services Inc. (PWR) reported mixed results for second-quarter 2024, wherein adjusted earnings missed the Zacks Consensus Estimate, but revenues surpassed the same. Both metrics increased on a year-over-year basis. However, shares of this leading national provider of specialty contracting services fell 1.3% in the pre-market trading session on Aug 1. Quanta's performance in the second quarter marks a strong base for the rest of 2024, characterized by impressive growth across key metrics. Moreover, the ...

Quanta Services, Inc. (NYSE:PWR) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kip Rupp - VP, IR Duke Austin - President and CEO Jayshree Desai - CFO Conference Call Participants Justin Hauke - Baird Sangita Jain - KeyBanc Capital Markets Brian Brophy - Stifel Jamie Cook - Truist Michael Dudas - Vertical Research Partners Alex Rygiel - B. Riley Securities Steven Fisher - UBS Neil Mehta - Goldman Sachs Chad Dillard - Bernstein Andy Kaplowitz - Citi Operator Greetings, and we ...

For the quarter ended June 2024, Quanta Services (PWR) reported revenue of $5.59 billion, up 10.8% over the same period last year. EPS came in at $1.90, compared to $1.65 in the year-ago quarter. The reported revenue represents a surprise of +1.51% over the Zacks Consensus Estimate of $5.51 billion. With the consensus EPS estimate being $1.93, the EPS surprise was -1.55%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

收入和营业收入增长 - 第二季度收入和营业收入同比增加，主要由于可再生能源基础设施解决方案(Renewable Energy)分部收入和营业收入增加[189] - 公司收入增加11.5%，达到106.26亿美元[213] 业务分部表现 - 电力基础设施解决方案(Electric Power)分部持续受到电网现代化和可靠性项目以及应对严重天气事件的系统升级和加固项目的推动[190] - 可再生能源分部受到向低碳经济转型的驱动，但2022年和2023年受到供应链挑战的负面影响[191] - 地下公用事业和基础设施解决方案(Underground and Infrastructure)分部持续受到天然气管网现代化项目和下游工业服务的强劲需求[192] - 电力基础设施业务收入增加主要由于收购业务带来约1.2亿美元收入[237] - 可再生能源基础设施业务收入增加主要由于可再生能源项目的发电和输电服务需求增加[239] - 地下管线和基础设施业务收入下降主要由于加拿大大型管线项目收入减少[241] 财务表现 - 成本服务费用增加12.4%，主要与收入增长相关[216] - 销售、一般及管理费用增加8.6%，主要由于最近收购业务、员工薪酬和差旅费用增加[217] - 无形资产摊销费用增加10.0%，与最近收购相关[218] - 营业利润增加14.2%，主要由于可再生能源和电力业务利润增加[219] - 利息和其他融资费用减少3.9%，主要由于平均可变利率债务减少[220] - 其他收益增加134.8%，主要由于出售非核心业务投资收益[221] - 所得税费用增加46.0%，主要由于利润增加和税率变化[222] - 非控股权益净收益增加339.1%，主要由于出售非核心业务投资收益[223] 现金流和资本管理 - 前六个月经营活动产生的净现金流增加279%，为公司业务计划的执行提供支持[193] - 公司2024年上半年经营活动产生的现金流为6.29亿美元，主要受服务需求和毛利率的影响，以及与工资资本相关的时间性因素[266][267] - 公司2024年6月30日的应收账款周转天数为68天，低于2023年6月30日的78天和5年历史平均82天，这对经营活动现金流有积极影响[268] - 2024年上半年投资活动现金流出5.89亿美元，主要用于4.51亿美元的收购和2.45亿美元的资本支出[269] - 2024年上半年筹资活动现金流出8.06亿美元，主要用于7.07亿美元的信贷和商业票据净偿还[273] - 公司于2024年6月30日的可用承诺额度为27.72亿美元，包括22.54亿美元的可用信贷额度和5.18亿美元的现金及现金等价物[260][261] - 2024年7月,公司新增4亿美元90天期限贷款，并动用12亿美元的商业票据融资，用于收购Cupertino公司以及支付相关成本和费用及营运资金需求[262] - 2024年7月31日,公司修订了主要信贷额度，将可用信贷额度从26.4亿美元增加至28亿美元，并将到期日延长至2029年7月31日[263] 订单和未来展望 - 2024年7月完成了对Cupertino Electric, Inc.的收购[194] - 预计未来服务需求将保持强劲，在2024年6月30日的剩余履约义务和手头订单分别增长3.4%和4.0%[195] - 公司2024年6月30日的在手订单总额为313.11亿美元[254] - 公司2024年6月30日12个月内可实现的在手订单为166.19亿美元[254] - 公司MSA合同占总在手订单的54%[250] - 公司2024年6月30日电力基础设施业务在手订单为171.69亿美元[251] - 公司2024年6月30日可再生能源基础设施业务在手订单为78.36亿美元[252] - 公司的资本部署优先事项包括:(i)满足持续经营需求的营运资金,(ii)满足预期服务需求的资本支出,(iii)通过并购和投资促进业务的长期增长和可持续性,(iv)向股东返还资本,包括支付股息和回购普通股[257]

Quanta Services (PWR) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.55%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $1.26 per share when it actually produced earnings of $1.41, delivering a surprise of 11 ...

业绩总结 - 公司2023年第4季度收入为967.7亿美元，创历史新高[1][110] - 公司第四季度营业收入为967.7亿美元，创历史新高[110] - 公司非信用增强的高级无担保长期债务评级[155] 用户数据 - 公司中国市场iPhone销售收入创新高[110] - 公司未提供具体的用户数据[176] 未来展望和业绩指引 - 公司预计2024年第1季度收入将达到950亿-980亿美元之间[1] - 公司未提供明确的未来业绩指引[176] 新产品和新技术研发 - 公司正在研发新一代iPhone和其他新产品[1] - 公司未提及新产品和新技术研发方面的信息[176] 市场扩张和并购 - 公司正在积极拓展中国等新兴市场[110] - 公司未提及市场扩张和并购方面的信息[176] 其他新策略 - 公司将继续优化供应链和提高运营效率[1] 银行贷款和信用额度 - 公司获得银行贷款额度,包括循环贷款、定期贷款等,用于公司运营和并购[82,83] - 公司在美国、澳大利亚和加拿大设有子公司作为借款主体[82] - 公司获得银行提供的信用证额度,用于支持业务开展[82] - 公司将获得总额为2,800,000,000美元的总计循环贷款额度[92] - 公司可以使用多种货币进行贷款和信用证业务[94][95][96][99][100][101][102] - 公司的适用利率将根据其债务评级和杠杆比率水平进行调整[104][105][106] - 公司提供加拿大短期贷款的银行为Bank of America, N.A., Canada Branch[132] - 加拿大短期贷款额度为5000万美元或总承诺额度的较小值[133] 并购和资本结构 - 公司完成收购Blattner Holding Company公司[84] - 公司将收购Blattner公司,并将获得500,000,000美元的收购贷款[87] - 资本股包括公司股票、合伙权益、有限责任公司股权等[134] - 公司的附属保险公司被视为受监管的保险公司[135] - 现金抵押包括向管理人提供现金或存款余额作为担保[136] - 现金等价物包括政府债券、银行存款、商业票据等短期高流动性投资[137,138]

Second Quarter Consolidated Revenues of $5.59 Billion* Second Quarter GAAP Diluted EPS of $1.26* and Adjusted Diluted EPS of $1.90* Net Income Attributable to Common Stock of $188.2 Million* and Adjusted EBITDA of $523.2 Million* Year-to-Date Cash Flow From Operations of $629.3 Million and Free Cash Flow of $439.8 Million Remaining Performance Obligations of $14.4 Billion* and Total Backlog of $31.3 Billion* Updating Full-Year 2024 Financial Expectations for the Expected Contribution of Cupertino Electric * ...

Quanta Services, Inc. (PWR) is scheduled to report second-quarter 2024 results on Aug 1, before the opening bell.In the last reported quarter, the company’s adjusted earnings per share (EPS) and revenues surpassed the Zacks Consensus Estimate by 11.9% and 1.5%, respectively. On a year-over-year basis, total revenues increased 13.6%, and EPS grew 13.7%.Encouragingly, earnings topped analysts’ expectations in 19 of the trailing 20 quarters.Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quar ...

Wall Street analysts expect Quanta Services (PWR) to post quarterly earnings of $1.93 per share in its upcoming report, which indicates a year-over-year increase of 17%. Revenues are expected to be $5.51 billion, up 9.2% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's ea ...

The most recent trading session ended with Quanta Services (PWR) standing at $264.46, reflecting a -1.21% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.06%.The specialty contractor for utility and energy companies's shares have seen a decrease of 2.38% over the last month, not keeping up with the Construction sector's gain of 7.48% and the S&P 500's gain of 1.96%.The investment community ...