Quanta Services Inc. - Conference Presentation Calls

Quanta Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues were $780.8 million compared to revenues of $1.05 billion in the third quarter of 2008. Net income was $63.96 million and net income attributable to common stock was $63.4 million or $0.32 per diluted share, as compared to net income and net income attributable to common stock of $51.9 million or $0.28 per diluted share in the third quarter of 2008. Adjusted diluted earnings per share was $0.25 for the third quarter of 2009 compared to $0.32 for the third quarter of 2008. Operating income was $71.16 million compared to $96.44 million for the same period a year ago. Income before income taxes was $69.28 million compared to $88.55 million for the same period a year ago. Adjusted net income attributable to common stock was $50.32 million compared to $66.07 million for the same period a year ago. Revenues for the first nine months of 2009 were $2.33 billion compared to $2.86 billion for the first nine months of 2008. Net income was $119.09 million and net income attributable to common stock was $118.2 million or $0.59 per diluted share, compared to net income and net income attributable to common stock of $111.08 million or $0.63 per diluted share for the first nine months of last year. Adjusted diluted earnings per share was $0.59 as compared to $0.76 for the first nine months of 2008. Operating income was $169.69 million compared to $211.54 million for the same period a year ago. Income before income taxes was $164.13 million compared to $190.89 million for the same period a year ago. Adjusted net income attributable to common stock was $120.26 million compared to $154.97 million for the same period a year ago. The company expects revenues for the fourth quarter of 2009 to range between $900 million and $950 million. Diluted earnings per share estimated to be between $0.16 and $0.17. Adjusted diluted earnings per share to range from $0.26 to $0.27.

Quanta Services Inc. reported earnings results for the third quarter and nine months of 2009. EBITDA was $103.5 million for the third quarter of 2009. Cash flow from operations totaled approximately $105 million for the quarter. Cash flow from operations less net capital expenditures of about $34 million, resulted in approximately $71 million in free cash flow for the quarter. EBITDA for the first nine months of 2009 totaled approximately $261.4 million. Cash flow from operations for the first nine months of 2009 totaled about $275 million. Deducting net CapEx of $116 million year-to-date yielded free cash flow of $159 million for the first nine months of 2009. The company expects CapEx for the full year of 2009. The company expects CapEx for all of 2009 to be approximately $170 million, which compares to $186 million for 2008.