How did Quanta Services' revenue perform in the first nine months of 2013 compared to the same period in 2012?

Quanta Services reported a substantial increase in revenue for the first nine months of 2013, reaching $4.71 billion, a 10.8% increase from $4.25 billion in the same period of 2012. This growth was primarily driven by higher revenues in both the Electric Power Infrastructure Services and Natural Gas and Pipeline Infrastructure Services segments.

What was the impact of acquisitions on Quanta Services' financial results?

Acquisitions played a key role in Quanta Services' growth. The company completed several acquisitions in 2013 and 2012, which expanded its service offerings and geographic reach. The results of these acquired companies were included in the consolidated financial statements, contributing to the overall revenue and operational growth.

How is Quanta Services managing its liquidity and capital resources?

As of September 30, 2013, Quanta Services maintained a strong liquidity position with $309.2 million in cash and cash equivalents. The company also had $473.6 million available under its revolving credit facility, with no outstanding borrowings at the time. Management anticipates that existing cash, credit facility capacity, and future operating cash flows will be sufficient to meet operational needs and planned capital expenditures.

What are the key segments contributing to Quanta Services' revenue?

Quanta Services operates under three reportable segments: Electric Power Infrastructure Services, Natural Gas and Pipeline Infrastructure Services, and Fiber Optic Licensing and Other. For the first nine months of 2013, the Electric Power Infrastructure Services segment accounted for 69.6% of consolidated revenues, followed by the Natural Gas and Pipeline Infrastructure Services segment at 27.6%, and Fiber Optic Licensing and Other at 2.8%.

PWR 10-Q Quarterly Report Q3 FY2013 — Revenue, Net Income, EPS

Summary

Quanta Services, Inc. (PWR) reported a solid financial performance for the nine months ended September 30, 2013, demonstrating significant revenue growth and improved profitability compared to the same period in the prior year. Total revenues reached $4.71 billion, an increase of 10.8%, driven by strong performance in both the Electric Power Infrastructure Services and Natural Gas and Pipeline Infrastructure Services segments. The company also successfully managed its expenses, leading to an increase in operating income and net income attributable to common stock. Acquisitions played a notable role in the company's growth strategy, with several strategic acquisitions completed in 2013 and 2012 to expand service offerings and geographic reach. The company's financial health remains robust, supported by a strong backlog and a well-managed balance sheet, including sufficient liquidity and access to credit facilities. The company also continued to invest in capital expenditures to support its growth initiatives.

Financial Highlights

49 data points

Beta

Revenue

$1.65B

0.2% Gross Margin

Net Income

$92.91M

0.1% Net Margin

EPS (Diluted)

$0.43

Total Assets

$5.49B

Cash & Equivalents

$309.15M

Free Cash Flow

$32.12M

Financial Statements

Beta

Revenue	$1.65B
Gross Profit	$273.05M
SG&A Expenses	$124.95M
Operating Income	$141.08M
Interest Expense	$475K
Net Income	$92.91M
EPS (Basic)	$0.43
EPS (Diluted)	$0.43
Shares Outstanding (Basic)	214.87M
Shares Outstanding (Diluted)	214.92M

Key Highlights

1Total revenues for the first nine months of 2013 increased by 10.8% to $4.71 billion compared to the same period in 2012.
2Operating income for the nine months increased by 24.1% to $377.5 million, indicating improved operational efficiency.
3Net income attributable to common stock for the nine months increased by 13.3% to $235.2 million.
4The Natural Gas and Pipeline Infrastructure Services segment saw significant revenue growth of 19.1% for the nine months, driven by increased demand from shale developments.
5The company completed multiple strategic acquisitions in 2013 and 2012, enhancing its service capabilities and market presence.
6Backlog at the end of the third quarter of 2013 stood at $8.09 billion, showing a healthy pipeline of future work.
7Cash flows from operating activities remained strong, providing $245.1 million for the nine months ended September 30, 2013.

QUANTA SERVICES, INC. Quarterly Report for Q3 Ended Sep 30, 2013

Summary

Financial Highlights

Key Highlights

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