Summary
Quanta Services, Inc. reported strong revenue growth in 2012, driven by increased capital spending in the electric power and natural gas/oil pipeline infrastructure sectors. The company experienced a significant revenue increase of 41.2% to $5.92 billion, largely due to robust activity in its Electric Power Infrastructure Services segment, which accounted for 71% of total revenues. The Natural Gas and Pipeline Infrastructure Services segment also saw substantial growth, contributing 26% of revenues. Key strategic moves in 2012 included the divestiture of its domestic telecommunications infrastructure services operations, which allowed the company to focus on its core infrastructure businesses. Quanta also completed several strategic acquisitions to enhance its capabilities, particularly in Canada and the United States. The company maintained a solid financial position, ending the year with substantial working capital and a strong credit facility, positioning it well for future growth and investment.
Financial Highlights
50 data points| Revenue | $5.92B |
| Gross Profit | $937.71M |
| SG&A Expenses | $434.89M |
| Operating Income | $465.12M |
| Interest Expense | $3.75M |
| Net Income | $306.63M |
| EPS (Basic) | $1.44 |
| EPS (Diluted) | $1.44 |
| Shares Outstanding (Basic) | 212.78M |
| Shares Outstanding (Diluted) | 212.84M |
Key Highlights
- 1Reported strong revenue growth of 41.2% to $5.92 billion in 2012, driven by increased customer capital spending.
- 2Electric Power Infrastructure Services segment was the largest revenue contributor (71%), showing significant growth.
- 3Natural Gas and Pipeline Infrastructure Services segment also experienced substantial revenue increases.
- 4Divested domestic telecommunications infrastructure services operations, streamlining business focus.
- 5Completed multiple strategic acquisitions to expand capabilities in key infrastructure sectors.
- 6Maintained a strong financial position with substantial working capital and an undrawn credit facility.
- 7Backlog at year-end 2012 stood at $6.99 billion, indicating a healthy pipeline of future work.