Quanta Services (PWR) Tops Q2 EPS by 6c; Selected for Large-Scale Cali. Project
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August 4, 2016 6:10 AM EDT
HOUSTON, Aug. 4, 2016 /PRNewswire/ -- Quanta Services, Inc. (Quanta) (NYSE: PWR) announced today that in July it was selected by a California-based utility for a large electric power transmission and distribution project located primarily in a national forest area in southern California. Led by CRUX Subsurface, Inc., a Quanta Services company, Quanta's scope of work includes the engineering, procurement and construction of the project, including rebuilding and replacing approximately 145 miles of 12 and 69 kilovolt underground and overhead electric power infrastructure.... More
August 4, 2016 6:07 AM EDT
HOUSTON, Aug. 4, 2016 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and six months ended June 30, 2016. Revenues in the second quarter of 2016 were $1.79 billion and net income from continuing operations attributable to common stock was $16.6 million, or $0.11 per diluted share. Quanta's operating results for the three months ended June 30, 2016 were negatively impacted by a project loss of approximately $30.5 million ($18.6 million net of tax, or $0.12 per diluted share) that resulted from a claimed force majeure event and continued engineering and production issues on a power plant... More
