8-K/AEarnings & ResultsExhibits & Filings

QUANTA SERVICES, INC. 8-K/A Report, Financial Results (Aug 17, 2006)

Filed August 17, 2006For Securities:PWR

Summary

This filing is an amendment to a previous 8-K filing by Quanta Services, Inc. (PWR) to correct a minor typographical error in their earnings release from August 2, 2006. Specifically, the 'Billings in excess of costs and estimated earnings on uncompleted contracts' on their Condensed Consolidated Balance Sheets as of June 30, 2006, was incorrectly reported as $118,384,000 and has been corrected to $18,384,000. While this amendment corrects a specific line item, the original August 2, 2006, 8-K reported on the company's financial results for the fiscal quarter ended June 30, 2006. Investors should refer to the original filing for the detailed financial performance and operational commentary, as this amendment solely addresses a balance sheet adjustment.

Key Highlights

  • 1Amendment filed to correct a typographical error in a prior 8-K filing.
  • 2The error was in the reported 'Billings in excess of costs and estimated earnings on uncompleted contracts' as of June 30, 2006.
  • 3The corrected amount for this line item is $18,384,000, down from the previously reported $118,384,000.
  • 4This correction pertains to the Condensed Consolidated Balance Sheets.
  • 5The original earnings release was issued on August 2, 2006, reporting on the fiscal quarter ended June 30, 2006.
  • 6The information furnished in this amendment is not considered 'filed' with the SEC and will not be automatically incorporated into future registration statements.

Frequently Asked Questions

The primary purpose of this filing is to amend a previous 8-K report by correcting a typographical error in the financial statements related to the 'Billings in excess of costs and estimated earnings on uncompleted contracts' as of June 30, 2006.

The line item 'Billings in excess of costs and estimated earnings on uncompleted contracts' on Quanta's Condensed Consolidated Balance Sheets as of June 30, 2006, was mistakenly reported as $118,384,000. The correct amount is $18,384,000.

This amendment corrects a specific balance sheet item; it does not revise the overall earnings or revenue figures announced in the August 2, 2006 press release. Investors should consult the original earnings release for the company's operational and financial performance summary for the quarter.

The original financial information was reported in the press release dated August 2, 2006, which is furnished as Exhibit 99.1 to this amended filing and the prior 8-K filing.