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More on Quanta Services' Q1

May 05, 2016 8:44 AM ETQuanta Services, Inc. (PWR) StockPWRBy: Yoel Minkoff, SA News Editor
  • Adjusted net income of $37.7M, or $0.23 per share vs. $60.4M, or $0.28 per share, in the same quarter a year ago.
  • Booked more than $800M of new large pipeline projects.
  • Completed a $750M accelerated stock repurchase arrangement.
  • "The long-term outlook for Quanta's business is positive. However, weather, regulatory, permitting, project timing and other factors have impacted the company's historical results, and may impact Quanta's financial results in the future," the company said in a statement.
  • Outlook for 2016: Adjusted diluted EPS of $1.61-$1.81 on revenues of $7.5B-$8B.
  • Q1 results

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