Loading...
Docoh

Quanta Services (PWR)

Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.

Company profile

Ticker
PWR
Exchange
CEO
Earl Austin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
QUANTA SERVICES INC
SEC CIK
Subsidiaries
1 Diamond, LLC • Cutting Technology • 618232 Alberta Ltd. • 8246408 Canada Inc. • Advanced Electric Systems, LLC • Advanced Utility Testing & Maintenance, LLC • Utility Testing & Maintenance, LLC • Alexander Publications, LLC • Allteck GP Ltd. • Allteck Limited Partnership ...
IRS number
742851603

PWR stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 153.37M 153.37M 153.37M 153.37M 153.37M 153.37M
Cash burn (monthly) 29.16M 5.11M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 45.78M 8.03M n/a n/a n/a n/a
Cash remaining 107.58M 145.34M n/a n/a n/a n/a
Runway (months of cash) 3.7 28.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Jul 22 Robert Scott Rowe RSU Common Stock Grant Acquire A No No 0 1,116 0 1,116
18 Jul 22 Desai Jayshree S Common Stock Grant Acquire A No No 0 3,156 0 21,712
22 Jun 22 Vincent D Foster Common Stock Sell Dispose S No No 119.56 2,000 239.12K 204,925
22 Jun 22 Vincent D Foster Common Stock Sell Dispose S No No 118.92 12,948 1.54M 206,925
13 Jun 22 Earl C. Jr. Austin Common Stock Gift Dispose G No No 0 7,425 0 674,030
13 Jun 22 Earl C. Jr. Austin Common Stock Gift Dispose G No No 0 7,575 0 681,455
10 Jun 22 Earl C. Jr. Austin Common Stock Sell Dispose S No No 129.07 210 27.1K 689,030
10 Jun 22 Earl C. Jr. Austin Common Stock Sell Dispose S No No 128.48 8,331 1.07M 689,240
10 Jun 22 Earl C. Jr. Austin Common Stock Sell Dispose S No No 127.38 28,136 3.58M 697,571
10 Jun 22 Earl C. Jr. Austin Common Stock Sell Dispose S No No 126.42 53,594 6.78M 725,707
87.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 742 719 +3.2%
Opened positions 123 128 -3.9%
Closed positions 100 60 +66.7%
Increased positions 269 264 +1.9%
Reduced positions 261 226 +15.5%
13F shares Current Prev Q Change
Total value 16.44B 14.06B +16.9%
Total shares 124.94M 123.15M +1.5%
Total puts 757.2K 548.8K +38.0%
Total calls 2.68M 2.44M +9.7%
Total put/call ratio 0.3 0.2 +25.8%
Largest owners Shares Value Change
Vanguard 15.36M $2.02B +1.2%
BLK Blackrock 10.3M $1.36B -6.2%
FMR 6.76M $890.28M -9.1%
JPM JPMorgan Chase & Co. 5.53M $727.83M +32.9%
Peconic Partners 5.46M $718.68M -1.3%
STT State Street 4.76M $626.2M +0.4%
Voya Investment Management 2.85M $375.14M -5.1%
IVZ Invesco 2.83M $372.28M -11.6%
Dimensional Fund Advisors 2.81M $369.35M -6.1%
Geode Capital Management 2.71M $356.79M +5.0%
Largest transactions Shares Bought/sold Change
JPM JPMorgan Chase & Co. 5.53M +1.37M +32.9%
Norges Bank 0 -1.31M EXIT
Suvretta Capital Management 0 -1.16M EXIT
Kovitz Investment Group Partners 693.61K -921.82K -57.1%
Bessemer 922.06K +910.01K +7552.6%
TROW T. Rowe Price 1.44M +860.46K +149.7%
BLK Blackrock 10.3M -675.96K -6.2%
FMR 6.76M -675.41K -9.1%
Millennium Management 692.52K +660.83K +2085.3%
DB Deutsche Bank AG - Registered Shares 697.94K +563.64K +419.7%

Financial report summary

?
Risks
  • Risks Related to Operating Our Business
  • Risks Related to Our Industries
  • Risks Related to Regulation and Compliance
  • Risk Related to Financing Our Business
  • Risks Related to Our Common Stock
  • Our operating results may vary significantly from quarter to quarter.
  • We may not realize the anticipated benefits and synergies from our acquisition of Blattner.
  • A variety of issues could affect the timing or profitability of our projects, which may result in additional costs to us, reductions or delays in revenues, the payment of liquidated damages or project termination.
  • Our business is subject to operational hazards, including, among others, wildfires and explosions, that can result in significant liabilities and that may be exacerbated by certain geographies and locations where we perform services, and we may not be insured against all potential liabilities.
  • Unavailability or cancellation of third-party insurance coverage would increase our overall risk exposure, as well as disrupt our operations, and estimates of losses covered by our insurance policies could prove incorrect.
  • Our business and operating results are subject to physical risks associated with climate change.
  • The loss of, or reduction in business from, certain significant customers could have a material adverse effect on our business.
  • Changes in estimates related to revenues and costs associated with our contracts with customers could result in a reduction or elimination of revenues, a reduction of profits or the recognition of losses.
  • We may fail to adequately recover on contract change orders or claims brought by us against customers.
  • During the ordinary course of our business, we are subject to lawsuits, claims and other legal proceedings, as well as bonding claims and related reimbursement requirements.
  • We may be unsuccessful at generating internal growth, which could adversely affect our business.
  • Many of our contracts may be canceled or suspended on short notice or may not be renewed upon completion or expiration, and we may be unsuccessful in replacing our contracts, which could adversely affect our business.
  • The nature of our business exposes us to potential liability for warranty, engineering and other related claims.
  • We can incur liabilities or suffer negative financial or reputational impacts relating to health and safety matters.
  • Disruptions to our information technology systems or our failure to adequately protect critical data, sensitive information and technology systems could materially affect our business or result in harm to our reputation.
  • Any deterioration in the quality or reputation of our brands, which can be exacerbated by the effect of social media or significant media coverage, could have an adverse impact on our business.
  • Our financial results are based upon estimates and assumptions that may differ from actual results.
  • Our results of operations and financial condition may be adversely affected as a result of asset impairments.
  • Our inability to successfully execute our acquisition strategy may have an adverse impact on our growth.
  • Our decentralized management structure could negatively impact our business.
  • The loss of, or our inability to attract, key personnel could disrupt our business.
  • Our investments, including our joint ventures, expose us to risks and may result in conflicts of interest that could adversely impact our business or result in reputational harm.
  • We extend credit to customers for purchases of our services and enter into other arrangements with certain of our customers, which subjects us to potential credit or investment risk.
  • Risks associated with operating in international markets and U.S. territories could harm our business and prospects.
  • Limitations on the availability of suppliers, subcontractors and equipment manufacturers that we depend on could adversely affect our business.
  • Increasing scrutiny and changing expectations from investors and customers with respect to corporate sustainability practices may impose additional costs on us or expose us to reputational or other risks.
  • Negative macroeconomic conditions and industry-specific economic and market conditions can adversely impact our business.
  • Our revenues and profitability can be negatively impacted if our customers encounter financial difficulties or file bankruptcy or disputes arise with our customers.
  • Technological advancements and other market developments could negatively affect our business.
  • Regulatory requirements applicable to our industries and changes in current and potential legislative and regulatory initiatives may adversely affect demand for our services.
  • Our unionized workforce and related obligations may adversely affect our operations.
  • We could be adversely affected by our failure to comply with the laws applicable to our foreign activities.
  • Changes in tax laws could adversely affect our financial results.
  • Our failure to comply with environmental laws and regulations could result in significant liabilities and increased costs.
  • Certain regulatory requirements applicable to us and certain of our subsidiaries could materially impact our business.
  • Opportunities within the government arena could subject us to increased regulation and costs and may pose additional risks relating to future funding and compliance.
  • Immigration laws, including our inability to verify employment eligibility and restrictions on movement of our foreign employees, could adversely affect our business or reputation.
  • We may not have access in the future to sufficient funding to finance desired growth and operations.
  • We have a significant amount of debt, and our significant indebtedness could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations under our other debt.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our operations to pay our indebtedness.
  • Our variable rate indebtedness subjects us to interest rate risk and the transition away from LIBOR could have an adverse impact on us.
  • We may be unable to compete for projects if we are not able to obtain surety bonds, letters of credit or bank guarantees.
  • A downgrade in our debt rating could restrict our ability to access the capital markets.
  • Our sale or issuance of additional common stock or other equity-related securities could dilute each stockholder’s ownership interest or adversely affect the market price of our common stock.
  • There can be no assurance that we will declare or pay future dividends on our common stock.
  • Certain provisions of our corporate governing documents could make an acquisition of our company more difficult.
Management Discussion
  • A discussion of the changes in our consolidated and segment results of operations between the three months ended June 30, 2022 and 2021 is included below, with certain of our segment results of operations recast to conform to our current segment reporting structure. The results of acquired businesses have been included in the following results of operations since their respective acquisition dates.
  • * The percentage change is not meaningful.
  • Revenues. Revenues increased due to a $592.2 million increase in revenues from our Renewable Energy Infrastructure Solutions segment, a $383.7 million increase in revenues from our Electric Power Infrastructure Solutions segment and a $256.3 million increase in revenues from our Underground Utility and Infrastructure Solutions segment. See Segment Results below for additional information and discussion related to segment revenues.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: attainment, behavior, collaboration, discontinued, elevated, explained, extensive, remote, spring, subside
Removed: challenged, delinquent, essential, fail, involving, lack, materialize, obtaining, workout