Summary
This filing is an amendment (10-Q/A) to Quanta Services, Inc.'s (PWR) quarterly report for the period ending June 30, 2010. The primary purpose of this amendment is to provide previously omitted disclosure regarding the unregistered issuance of common stock during the second quarter of 2010. Specifically, the company issued 241,300 shares of common stock in April 2010 in exchange for Limited Vote Common Stock, relying on Section 4(2) of the Securities Act of 1933 due to the purchasers being accredited investors in privately negotiated transactions. Beyond this specific disclosure, the amendment largely reflects the information presented in the original 10-Q filing. Investors should note that this amendment does not incorporate any events or updates that have occurred since the original filing date of August 9, 2010. For subsequent developments, investors should refer to Quanta Services' later SEC filings.
Financial Highlights
49 data points| Revenue | $870.50M |
| Gross Profit | $156.04M |
| SG&A Expenses | $82.12M |
| Operating Income | $64.83M |
| Interest Expense | $1.53M |
| Net Income | $32.99M |
| EPS (Basic) | $0.16 |
| EPS (Diluted) | $0.16 |
| Shares Outstanding (Basic) | 209.40M |
| Shares Outstanding (Diluted) | 211.08M |
Key Highlights
- 1Amendment filed to include previously omitted disclosure on unregistered equity securities.
- 2241,300 shares of common stock issued in April 2010 in exchange for Limited Vote Common Stock.
- 3Issuance relied on Section 4(2) of the Securities Act of 1933 (private placement exemption).
- 4Purchasers of the newly issued shares were accredited investors.
- 5Transactions were privately negotiated, not public solicitations.
- 6Company repurchased 9,888 shares in May 2010 to satisfy employee tax withholding obligations related to stock awards.
- 7This amendment does not reflect events or updates after the original filing date of August 9, 2010.