UNITED STATES. Quanta Services, Inc. (Quanta) is a leading provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and select other international markets. Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 300 investors on whether shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) will reach $200 by 2022. Quanta Services provides end-to-end solutions across the various industries we serve. Here’s How 5 Brokerages Value Them. Quanta completed seven acquisitions during 2019 and four acquisitions during 2018. SEC.report. Link. 2800 Post Oak Blvd Ste 2600. Seniors need to watch out for property taxes, sales taxes and taxes on Social Security. (b) The amount for the three and twelve months ended December 31, 2019 reflects asset impairment charges related to the winding down and exit of certain oil-influenced operations and assets, the replacement of an internally developed software application and the planned sale of certain foreign operations and assets. The income tax impact of adjustments that are subject to tax is determined using the incremental statutory tax rates of the jurisdictions to which each adjustment relates for the respective periods. These financial results, including GAAP and adjusted diluted earnings per share, include a $79.2 million, or $0.54 per diluted share, charge recognized in the second quarter of 2019 associated with the termination of a large telecommunications project in Peru and the recognition of $60.3 million ($43.9 million after-tax) in the first quarter of 2019, or $0.30 per diluted share, of previously deferred earnings on the Fort McMurray West Electric Transmission Project. Notebook Server IOT Camera Industrial computer. It is possible that the information we post on social media could be deemed material. HOUSTON, Feb. 27, 2020 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three and twelve months ended December 31, 2019. The following table presents the non-GAAP financial measures of estimated EBITDA and adjusted EBITDA, which, when used in connection with estimated net income attributable to common stock, is intended to provide useful information to investors and analysts as they evaluate Quanta's performance. News Archives. It fined Alibaba 500,000 yuan ($76,500) for failing to seek approval before increasing its stake in department store chain Intime Retail Group Co. to 73.79% in 2017, while China Literature Ltd., the e-books business spun off by Tencent, was also censured over a previous deal, according to a statement.The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech corporations with new anti-monopoly rules. 27-02-2020 12:55 via news.yahoo.com. Prices also extended gains amid supply jitters after a shipping firm said an oil tanker was hit by an external source while discharging at Jeddah port in Saudi Arabia. These measures should not be considered as an alternative to net income attributable to common stock or other measures of performance that are derived in accordance with GAAP. These charges primarily relate to Quanta's Pipeline and Industrial Infrastructure Services segment. Because adjusted diluted earnings per share attributable to common stock, as defined, excludes some, but not all, items that affect net income attributable to common stock, adjusted diluted earnings per share attributable to common stock as presented in this press release may not be comparable to similarly titled measures of other companies. The eUtility tractor has a sales price of $45,000 in North America and $49,500 internationally.The eUtility has a battery that lasts from four to eight hours and can be charged to 80% in three hours.Ideanomics is pitching electric tractors at affordable price points to make them attractive to small markets and the larger global market.The company is working with OEMs to bring larger tractors to market in North America and Europe, Poor said at the Benzinga Global Small Cap Conference.Solectrac's home state of California is responsible for 12.5% of U.S. agricultural production, Poor wrote in a company letter in October.The company can take advantage of Ideanomic's China operations to lower costs and make the motor and battery supply chains more efficient, he said. FOLLOW QUANTA IR ON SOCIAL MEDIAInvestors and others should note that while we announce material financial information and make other public disclosures of information regarding Quanta through SEC filings, press releases and public conference calls, we also utilize social media to communicate this information. Adjusted diluted earnings per share attributable to common stock (a non-GAAP measure) was $0.93 for the fourth quarter of 2019 compared to $0.96 for the fourth quarter of 2018. 8-K. false 0001050915 0001050915 2019-10-07 2019-10-07 . Electrek calls the tractor a "game changing smart electric tractor" with the driver optional.CNH Industrial (NYSE: CNHI) is working on clean energy offerings in the tractor market. The cases involve Alibaba's equity investments in major Chinese mall operator Intown and China Literature's acquisition of film studio New Classics Media. Subsidiary. Part of that package included a $1,200 check for American taxpayers with an adjusted gross income of $75,000 or under on their 2019 tax returns. Quanta Services (PWR) Q1 2019 Earnings Call Transcript PWR earnings call for the period ending March 31, 2019. Could tractors be next? Notebook Server IOT Camera Industrial computer. Corporate Governance; Products. QMI RoyalTek QCT Quanta Storage Inc. News. Because EBITDA and adjusted EBITDA, as defined, exclude some, but not all, items that affect net income attributable to common stock, such measures may not be comparable to similarly titled measures of other companies. "We would like to play an important part," CEO Alf Poor said while speaking at the Benzinga Global Small Cap Conference this past week. Is Novavax a buy? Quanta Services, Inc. Sep 09, 2019, 06:55 ET. Link. Fourth Quarter GAAP Diluted EPS of … The Notice, Proxy Statement and 2018 Annual Report to Stockholders are available at www.proxyvote.com. Included in the Latin American results for the year ended December 31, 2019 was a $79.2 million charge associated with the termination of a large telecommunications project in Peru. It’s easy to … Management believes that the exclusion of certain items from net income attributable to common stock enables it to more effectively evaluate Quanta's operations period over period and better identify operating trends that may not otherwise be apparent. Monarch Tractor plans to bring a fully electric, autonomous tractor to market in 2021.The Monarch Tractor comes with a starting price of $50,000. PROXY STATEMENT SUMMARY QUANTA SERVICES, INC. 2800 Post Oak Boulevard, Suite 2600 Houston, TX 77056 | (713) 629-7600 This summary highlights selected information about the items to be voted on at the 2019 … Certain terms Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market. For those who cannot participate live, shortly following the call a digital recording will be available on the company's website and a telephonic replay will be available through March 7, 2020 by dialing 1-877-660-6853 and referencing the conference ID 13698189. QUANTA SERVICES, INC. Form 8-K (Filer) Published: 2019-10-11 17:03:13 Submitted: 2019-10-11 Period Ending In: 2019-10-07 Interactive XBRL Filing. These Fast Food Restaurant Chains Are Closing For Good. (c) The amount for the twelve months ended December 31, 2018 reflects severance and restructuring costs primarily related to the closure of certain operations within Quanta's Pipeline and Industrial Infrastructure Services segment. Quarter-over-quarter, growth came to 45%. With operations throughout the United States, Canada, Latin America, Australia, and select other international markets, Quanta has the manpower, resources, and … Additionally, in connection with the sale, Quanta recognized certain income tax benefits associated with the limited partnership and certain other previously unrecognized tax benefits. For purposes of calculating remaining performance obligations, Quanta includes all estimated revenues attributable to consolidated joint ventures and variable interest entities, revenues from funded and unfunded portions of government contracts to the extent they are reasonably expected to occur and revenues from change orders to the extent management believes additional contract revenues will be earned and are deemed probable of collection. At Quanta Services, our culture is about supporting an environment where all employees can be themselves, are valued and have an equal opportunity to succeed. Louis and I see several factors that could lead to even bigger gains in 2021, like the cash on the sidelines that we discussed today. And between the COVID-19 pandemic and the presidential election, there was plenty of uncertainty to go around. Quanta Services Reports 2019 Fourth Quarter And Annual Results. Notebook Server IOT Camera Industrial computer. Join Us; Service . 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