Quanta Services, Inc. is a leading provider of comprehensive infrastructure solutions for the electric and gas utility, renewable energy, communications, pipeline and energy industries in the United States, Canada, Australia and select other international markets. They provide engineering, procurement, construction, upgrade and repair and maintenance services for infrastructure within each of these industries. The company's operations are decentralized and labor-intensive, relying on craft skilled labor personnel and experienced operators. Quanta has a large and diverse customer base, including many of the leading companies in the utility, renewable energy, communications, industrial and energy delivery markets.

• Employees: Approximately 52,500 (as of December 31, 2023)
• Geographic Footprint: Primarily in the United States, with operations in Canada and Australia
• Headquarters: Houston, Texas
• Founded: Not available in filing
• Number of locations/facilities: Approximately 71,000 units in fleet size
• Revenue: $20.88 billion (FY2023)
• Market Share: Not available in filing
• Key Subsidiaries/Brands: Not available in filing

• CEO: Earl C. Austin, Jr.
• CFO: Jayshree S. Desai
• Board Chair: David M. McClanahan
• Other Key Executives: Paul M. Nobel (Chief Accounting Officer)
• Other Key Executives: Doyle N. Beneby (Director)
• Other Key Executives: Vincent D. Foster (Director)
• Other Key Executives: Bernard Fried (Director)
• Other Key Executives: Worthing F. Jackman (Director)
• Other Key Executives: Holli C. Ladhani (Director)
• Other Key Executives: R. Scott Rowe (Director)
• Other Key Executives: Margaret B. Shannon (Director)
• Other Key Executives: Raúl J. Valentín (Director)
• Other Key Executives: Martha B. Wyrsch (Director)

Not available in filing

• Annual Revenue: $20.88 billion (FY2023)
• Net Income: $744.69 million (FY2023)
• Market Cap: $28.2 billion (as of June 30, 2023)
• Total Assets: $16.24 billion (as of December 31, 2023)
• Number of Employees: Approximately 52,500 (as of December 31, 2023)
• Key Financial Highlights: Revenues increased by 22.3% year-over-year, and net income increased by 51.6% year-over-year.

Quanta provides a wide range of infrastructure solutions.

• Electric Power: Design, procurement, new construction, upgrade and repair and maintenance services for electric power transmission and distribution infrastructure, and substation facilities.
• Renewable Energy: Engineering, procurement, new construction, repowering and repair and maintenance services for renewable generation facilities, such as wind, solar and hydropower.
• Underground and Infrastructure: Design, engineering, procurement, new construction, upgrade and repair and maintenance services for natural gas systems, pipeline protection, and industrial services.

Quanta operates through three reportable segments:

• Electric Power Infrastructure Solutions: Provides services primarily for the electric power and communications markets.
• Renewable Energy Infrastructure Solutions: Provides services for customers involved in the renewable energy industry.
• Underground Utility and Infrastructure Solutions: Provides services for customers involved in the transportation, distribution, storage, development and processing of natural gas, oil and other products.

Approximately 58% of revenues are from utility customers, 16% from renewable energy developers, 10% from industrial customers, 8% from energy delivery customers, 5% from communications customers and 3% from other customers (FY2023).

Quanta's strategies include delivering and expanding its portfolio of infrastructure solutions, developing technological and training capabilities, remaining committed to safety, and maintaining an entrepreneurial culture. The company aims to capitalize on opportunities and trends in the industries it serves and expand its operations to select new markets. Quanta is focused on specialty services and industries that are driven by regulated utility spending, regulation, replacement and rehabilitation of aging infrastructure, and safety and environmental initiatives.

• Strategic Initiatives: Expanding service offerings, enhancing technological capabilities, and maintaining a strong safety culture.
• Growth Drivers: Increasing demand for infrastructure upgrades, renewable energy projects, and communication services.
• Investment Priorities: Strategic acquisitions, capital expenditures for equipment, and talent development.

Quanta operates in highly competitive industries and geographic markets.

• Market Position: A leading provider of infrastructure solutions in its markets.
• Key Competitors: Several large companies with significant financial, technical and marketing resources.
• Industry Trends: Increasing investments in electric power delivery systems, renewable energy infrastructure, and communication technologies.

• Market Risks: Competition, economic conditions, customer financial difficulties, and technological advancements.
• Operational Risks: Project delays, operational hazards (e.g., wildfires, explosions), and labor availability.
• Financial Risks: Debt obligations, interest rate risk, and credit risk related to customers.
• Regulatory Risks: Compliance with environmental laws, safety regulations, and permitting requirements.
• Climate Change Risks: Physical risks associated with changes in climate and the transition to a reduced-carbon economy.