Quanta Services, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022
August 04, 2022 at 06:55 am EDT
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Quanta Services, Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects revenues to range between $16.60 billion and $17.00 billion, net income attributable to common stock to range between $491 million and $541 million and diluted earnings per share attributable to common stock to range between $3.32 and $3.65.
Quanta Services, Inc. is one of the leading providers of specialized services for infrastructures in the United States. Net sales break down by area of activity as follows:
- electric power (58.7%): design, installation, repair and maintenance of onshore infrastructures, consulting and technical support services, etc.;
- oil and gas (27.2%): construction, installation and maintenance of onshore infrastructures (pipelines, production facilities, etc.) and offshore infrastructures (submarine pipelines, oil platforms, etc.) and logistics services;
- renewable energies (14.1%): engineering, construction, maintenance and repair of wind, solar and hydroelectric power generation facilities.
Net sales break down geographically as follows: the United States (85.3%), Canada (12%), Australia (1.7%) and other (1%).
QUANTA SERVICES, INC. 
