Quanta Services (PWR, Financial) is a specialty contractor in the electrical power, oil and gas, and communicationindustries. Quanta Services reported another “beat and raise” quarter which resulted in a record quarter for revenues, EBITDA, EPS, and backlog. Revenue growth was just shy of 20%, driven by strong demand in the Electric Power segment. Underlying demand remains very robust, driving backlog to a record of $17 billion. Towards the end of the quarter, the company announced the acquisition of Blattner Holding Company for $2.7 billion, adding one of the largest utility-scale renewable energy infrastructure solutions providers in North America.
From Keeley Mid Cap Dividend Value Fund's third-quarter 2021 commentary.
Also check out:
