Quanta Services (PWR) Misses Q2 EPS by 20c; Issues Light Q3 Outlook
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August 5, 2015 6:08 AM EDT
HOUSTON, Aug. 5, 2015 /PRNewswire/ --Â Quanta Services, Inc. (NYSE: PWR) today announced that its board of directors has authorized the company to repurchase, from time to time through February 28, 2017, up to $1.25 billion in shares of its outstanding common stock. To implement a portion of this program, the company intends to enter into a $750 million accelerated stock repurchase ("ASR") arrangement in the near term. The newly announced program follows completion of Quanta's previously authorized stock repurchase program, under which Quanta repurchased approximately 14.4 million shares of its common stock in the open market for... More
August 5, 2015 6:07 AM EDT
HOUSTON, Aug. 5, 2015 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and six months ended June 30, 2015. On August 4, 2015, Quanta completed the sale of all of its fiber optic licensing operations. Accordingly, Quanta has presented the fiber optic licensing operations for the current and prior periods as discontinued operations in the accompanying condensed consolidated financial statements, supplemental data and reconciliation of non-GAAP financial measures.
Revenues in the second quarter of 2015 were $1.87 billion compared to... More
