NYSE$PWR
Quanta Services Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Quanta Services' Q4 2019 performance showed revenue matching the previous year, but net income and EPS increased, while adjusted EPS slightly decreased.
Quanta Services reported revenues of $3.11 billion for Q4 2019, the same as Q4 2018. Net income attributable to common stock was $118.1 million, or $0.80 per diluted share, compared to $56.8 million, or $0.38 per diluted share, in Q4 2018. Adjusted diluted EPS was $0.93, compared to $0.96 in Q4 2018. The company's full-year 2020 guidance reflects growth in revenues, net income, adjusted EBITDA, EPS, and operating cash flow.
- Quanta's Q4 revenues remained flat year-over-year at $3.11 billion.
- Net income attributable to common stock increased to $118.1 million, or $0.80 per diluted share, up from $56.8 million, or $0.38 per diluted share, in the prior year.
- Adjusted diluted EPS decreased slightly to $0.93 compared to $0.96 in the same quarter last year.
- The company completed the sale of APL and added the Wataynikaneyap Transmission Project to backlog.
Headline financials
Revenue & EPS history
Quanta Services · Revenue · Quarterly
$3.11B
Revenue by segment
Quanta Services · $1.38B total across 1 segment · Q3 2023
- Underground Utility and Infrastructure$1.38B+15.5%100.0%
Forward guidance
Quanta expects 2020 revenues to range between $12.2 billion and $12.6 billion, net income attributable to common stock to range between $439 million and $499 million and diluted earnings per share attributable to common stock to range between $2.93 and $3.33. Quanta expects adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) to range between $3.62 and $4.02.
Tailwinds
- 2020 revenues are expected to range between $12.2 billion and $12.6 billion.
- Net income attributable to common stock is projected to be between $439 million and $499 million.
- Diluted earnings per share attributable to common stock are expected to range between $2.93 and $3.33.
- Adjusted diluted earnings per share attributable to common stock is projected to range between $3.62 and $4.02.
- EBITDA is expected to range between $961 million and $1.05 billion.
Headwinds
- LATAM operations are expected to generate revenues of $20 million to $40 million.
- LATAM operations are expected to generate an operating loss of $15 million to $20 million.
- LATAM operations are expected to generate diluted loss per share of $0.10 to $0.13.
- Weather, regulatory, permitting, project timing, execution challenges and other factors have impacted the company’s historical results, and may impact Quanta’s future financial results.
- Quanta will pursue the orderly exit of LATAM operations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+5.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+12.9%
Q1 2026
Best reaction
-11.0%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.9% | +22.8% | +13.1% | |
| Q4 2025 | +5.8% | +9.4% | +6.9% | |
| Q3 2025 | +1.2% | -2.2% | +3.6% | |
| Q2 2025 | -1.2% | -5.3% | -8.1% | |
| Q1 2025 | +10.0% | +8.5% | +17.0% | |
| Q4 2024 | -3.7% | -9.5% | -8.2% | |
| Q3 2024 | -0.2% | +3.0% | +5.0% | |
| Q2 2024 | -2.6% | -0.6% | -1.0% | |
| Q1 2024 | -0.2% | +1.3% | -0.5% | |
| Q4 2023 | -3.0% | -7.7% | -8.6% | |
| Q3 2023 | +6.0% | +3.4% | +19.4% | |
| Q2 2023 | -1.0% | +0.2% | +5.0% | |
| Q1 2023 | +1.7% | +1.7% | +7.1% | |
| Q4 2022 | +8.2% | +8.8% | +8.3% | |
| Q3 2022 | +7.3% | +8.0% | +11.9% | |
| Q2 2022 | -0.1% | -0.9% | +2.6% | |
| Q1 2022 | -3.0% | -7.8% | +6.5% | |
| Q4 2021 | +10.1% | +10.2% | +36.6% | |
| Q3 2021 | +0.5% | +1.2% | -3.6% | |
| Q2 2021 | +3.7% | +5.8% | +30.3% | |
| Q1 2021 | +2.9% | +1.2% | -4.3% | |
| Q4 2020 | +3.4% | +3.8% | +7.4% | |
| Q3 2020 | +2.5% | +10.6% | +14.9% | |
| Q2 2020 | +8.4% | +16.5% | +21.5% | |
| Q1 2020 | +1.3% | -5.9% | +25.0% | |
| Q4 2019 | +2.8% | +4.0% | -19.5% | |
| Q3 2019 | +4.0% | +3.0% | -1.0% | |
| Q2 2019 | -8.0% | -7.4% | -4.5% | |
| Q1 2019 | -2.1% | -3.4% | -3.7% | |
| Q4 2018 | -0.1% | -0.7% | +4.9% | |
| Q3 2018 | +1.5% | -3.4% | -10.0% | |
| Q2 2018 | -0.7% | -1.8% | -2.3% | |
| Q1 2018 | +2.1% | +2.7% | +4.4% | |
| Q4 2017 | -3.4% | -2.3% | -2.0% | |
| Q3 2017 | -1.4% | -1.6% | +8.4% | |
| Q2 2017 | +1.1% | -1.9% | -2.2% | |
| Q1 2017 | -2.2% | -5.7% | -7.6% | |
| Q4 2016 | +0.5% | +0.9% | -0.6% | |
| Q3 2016 | +7.2% | +9.7% | +22.6% | |
| Q2 2016 | -0.2% | +0.2% | +4.7% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.4% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | -0.0% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -6.6% | — | — | |
| Q2 2011 | -11.0% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q1 2010 | +4.7% | — | — |
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