Summary
Quanta Services, Inc. (PWR) filed a Form 8-K on March 10, 2010, primarily to disclose updated segment reporting information. Effective from the quarter ended September 30, 2009, the company began reporting its results across four distinct segments: Electric Power Infrastructure Services, Natural Gas and Pipeline Infrastructure Services, Telecommunications Infrastructure Services, and Fiber Optic Licensing. This filing includes supplemental quarterly segment data for the years 2008 and 2009, presented under this new structure. This data is intended to provide investors with comparable financial information across these segments for prior periods. It is important to note that this information is furnished under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.
Key Highlights
- 1Quanta Services updated its reportable operating segments to four: Electric Power, Natural Gas & Pipeline, Telecommunications, and Fiber Optic Licensing.
- 2The change in segment reporting became effective in the quarter ended September 30, 2009.
- 3The company provided supplemental quarterly segment data for 2008 and 2009 under the new segment structure.
- 4This supplemental data is for comparability purposes to help investors understand historical performance by segment.
- 5The filing is made under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits).
- 6Exhibit 99.1 contains the supplemental segment data for the specified periods.