Quanta Services, Inc. has issued a total of $1.5 billion in senior unsecured notes, consisting of three series: $500 million of 4.300% Senior Notes due 2028, $500 million of 4.500% Senior Notes due 2031, and $500 million of 5.100% Senior Notes due 2035. These notes were sold through an underwriting agreement with several financial institutions and will accrue interest payable semi-annually, starting in 2026, with maturity dates ranging from 2028 to 2035. The notes rank equally with existing and future senior unsecured debts but are junior to secured indebtedness and structurally subordinated to subsidiary debts.
The notes include provisions for redemption prior to maturity, with specific terms outlined for each series. In the event of a Change of Control Triggering Event, noteholders can require the company to purchase their notes at a premium. The indenture governing the notes contains covenants that restrict the company’s ability to incur additional liens, engage in certain transactions, or merge with other entities, along with customary events of default.
linkAug 07, 2025 16:06:59
Quanta Services, Inc. has entered into an underwriting agreement for a public offering of $1.5 billion in senior notes. This includes $500 million of 4.300% senior notes due 2028, $500 million of 4.500% senior notes due 2031, and $500 million of 5.100% senior notes due 2035. The offering is registered with the SEC and is expected to close on August 7, 2025, pending customary closing conditions.
The company plans to use the proceeds from the offering to repay existing debt, including borrowings from its commercial paper program and senior credit facility. The offering is managed by several financial institutions, including BofA Securities, Wells Fargo Securities, and J.P. Morgan Securities. Investors can find additional details and documentation related to the offering through the SEC's website or by contacting the underwriters directly.
linkAug 05, 2025 06:04:08
Quanta Services, Inc. reported consolidated revenues of $6.8 billion for the second quarter of 2025, a significant increase from $5.59 billion in the same quarter of 2024. The company achieved a net income of $229.3 million, or $1.52 per diluted share, compared to $188.2 million, or $1.26 per diluted share, in the previous year. Adjusted diluted earnings per share rose to $2.48 from $1.90. Quanta's remaining performance obligations amounted to $19.2 billion with a total backlog of $35.8 billion, reflecting strong demand for its services in infrastructure development and energy sectors.
On July 25, 2025, Quanta completed the acquisition of Dynamic Systems, LLC for up to $1.566 billion, which includes $1.35 billion in base consideration and an earnout of $216 million based on future performance. This acquisition is expected to enhance Quanta's capabilities in mechanical and plumbing infrastructure solutions. Following these developments, the company has raised its full-year 2025 financial outlook, anticipating revenues between $27.4 billion and $27.9 billion and net income ranging from $978.5 million to $1.07 billion.
linkJul 31, 2025 06:58:40
Quanta Services, Inc. announced its first quarter 2025 financial results, reporting consolidated revenues of $6.2 billion, an increase from $5.03 billion in the same period last year. The company also reported net income attributable to common stock of $144.3 million, or $0.96 per diluted share, compared to $118.4 million, or $0.79 per diluted share, in the first quarter of 2024. Adjusted diluted earnings per share were $1.78, up from $1.41 in the previous year. The company has a total backlog of $35.3 billion and has repurchased approximately $135 million of its outstanding common stock in the quarter, indicating a commitment to returning value to shareholders.
Additionally, Quanta Services received credit rating upgrades from S&P Global Ratings, which could lower borrowing costs and expand liquidity options. The company is focused on mitigating potential impacts from trade tariffs and other macroeconomic uncertainties through strategic supply chain adjustments. Quanta has raised its full-year 2025 revenue and earnings expectations, reflecting confidence in its operational performance amid challenging market conditions.
linkMay 01, 2025 06:58:17
Quanta Services announced significant growth in its financial metrics for the fourth quarter and full year of 2024. The company reported consolidated revenues of $6.55 billion for Q4 2024, up from $5.78 billion in Q4 2023, and a net income increase to $305.1 million, or $2.03 per diluted share. For the full year, revenues reached $23.67 billion, compared to $20.88 billion in 2023, with net income also rising to $904.8 million. The company's adjusted EBITDA and cash flow from operations also set records, highlighting strong operational performance and a solid balance sheet. Additionally, the backlog for projects reached an all-time high of $34.54 billion, indicating robust demand for Quanta's services in the infrastructure sector.
On the downside, the press release acknowledged potential challenges that may affect Quanta's financial results in the future. These include weather conditions, regulatory hurdles, supply chain issues, and broader economic uncertainties such as inflation and interest rates. The company also noted that its financial outlook for 2025 reflects these uncertainties and the challenges posed by the domestic and global economy. Despite these concerns, Quanta's leadership expressed confidence in their strategic positioning and ability to navigate the evolving market landscape.
linkFeb 20, 2025 06:59:54
Quanta Services, Inc. reported third-quarter revenues of $6.5 billion in 2024, up from $5.62 billion in the same period last year. The company also noted a net income of $293.2 million, which translates to $1.95 per diluted share, an increase from $272.8 million or $1.83 per diluted share in the previous year. Adjusted diluted earnings per share rose to $2.72 from $2.24, and free cash flow reached $539.5 million, contributing to a total backlog of $34 billion and remaining performance obligations of $15.6 billion. The company has raised its mid-point earnings expectations for the full year 2024 based on this performance.
However, Quanta Services acknowledged challenges that could impact future results, including potential supply chain issues, regulatory hurdles, and the broader economic environment characterized by inflation and interest rate fluctuations. Despite the positive financial metrics, these uncertainties may affect project timing and execution, posing risks to the company's ongoing growth and operational stability.
linkOct 31, 2024 06:58:52
The company has submitted its financial statements as required by law. This demonstrates compliance with regulatory standards, ensuring transparency and accountability in its financial reporting.
linkAug 09, 2024 16:41:51
Quanta Services has priced its senior notes offering, raising $1.25 billion through two sets of notes due in 2027 and 2034. The funds will be used to pay off existing debts, including costs from acquiring Cupertino Electric. The offering is set to close soon, indicating strong financial management and growth strategies.
linkAug 07, 2024 21:41:29
Quanta Services achieved record revenues of $5.59 billion in Q2 2024, up from $5.05 billion in Q2 2023. Net income rose to $188.2 million, reflecting solid growth. The company also completed the acquisition of Cupertino Electric, enhancing its service offerings. However, potential challenges from weather, supply chain issues, and economic uncertainties could impact future results.
linkAug 01, 2024 06:58:30
Quanta Services has acquired Cupertino Electric, enhancing its electrical infrastructure capabilities in technology and renewable energy sectors. This acquisition is expected to boost Quanta's growth, cash flow, and earnings significantly, with projected contributions of $175 million to $195 million in adjusted EBITDA by 2025. CEI's strong management and skilled workforce will remain, aiding in Quanta's strategic expansion. Overall, the deal is seen as a positive move for Quanta's future, although the acquisition cost was approximately $1.5 billion.
linkJul 22, 2024 16:33:01