Loading...
•
Dec 31, 2020
Quanta Services Q4 2020 Earnings Report
Quanta Services reported record fourth quarter with GAAP diluted EPS of $1.17 and adjusted diluted EPS of $1.22.
Key Takeaways
Quanta Services announced Q4 2020 results with revenues of $2.91 billion and net income attributable to common stock of $170.1 million, or $1.17 per diluted share. Adjusted diluted earnings per share was $1.22. The company's utility solutions and delivery model drove the results, which exceeded expectations and completed a solid year.
Quanta's utility solutions and delivery model drove fourth quarter results that exceeded expectations.
The company completed two acquisitions during the fourth quarter, supporting electric power and underground utility operations in the western United States.
Quanta repurchased $49.9 million of its outstanding common stock in the open market during the fourth quarter.
The Board of Directors declared a quarterly cash dividend of $0.06 per share, a 20% increase.
Quanta Services
Quanta Services
Quanta Services Revenue by Segment
Revenue by Segment
Underground Utility & Infrastructure Solutions Revenue
CapyFin.com Forward Guidance
Quanta Services expects growth in revenues, net income, adjusted EBITDA and adjusted earnings per share for 2021.
Positive Outlook
- Focusing on the base business.
- Continuing to provide infrastructure solutions that support customers’ efforts to increase reliability, safety, efficiency and connectivity through modernization.
- Solutions play an important role in enabling policies and goals aimed at transitioning towards a carbon neutral economy over the long-term.
- Successfully executing on strategic growth initiatives.
- Strong financial profile positions Quanta well to continue to deliver value to stockholders.
Challenges Ahead
- Weather
- Regulatory
- Permitting
- Project timing
- Execution challenges