Latest news with #DynamicSystems
Yahoo
01-08-2025
- Business
- Yahoo
Quanta Services Inc (PWR) Q2 2025 Earnings Call Highlights: Record Backlog and Strategic ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Quanta Services Inc (NYSE:PWR) reported strong double-digit growth in revenue, adjusted EBITDA, and adjusted earnings per share for Q2 2025. The company announced a record backlog of $35.8 billion, indicating strong future business prospects. Quanta Services Inc (NYSE:PWR) acquired Dynamic Systems, enhancing its capabilities in mechanical, plumbing, and process infrastructure solutions. The company made a strategic investment in Bell Lumber and Pole Company, expanding its utility infrastructure equipment portfolio. Quanta Services Inc (NYSE:PWR) increased its full-year 2025 financial expectations for revenue, adjusted EBITDA, and adjusted EPS, reflecting confidence in future performance. Negative Points The regulatory environment remains variable, which could impact future operations and financial performance. There is potential for short-term noise and political impacts from legislative changes, such as the 'big beautiful bill'. The company faces challenges in managing the timing and execution of large projects, which could affect backlog and revenue recognition. There is uncertainty regarding the long-term outlook for renewables post-2027, as tax credits wind down. Quanta Services Inc (NYSE:PWR) is evaluating refinancing alternatives to maintain liquidity, indicating potential financial constraints. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with ING. Q: Duke, with the current political climate and AI-related capital expenditures ramping up, how confident are you in Quanta's sequential backlog growth, especially with the incremental transmission bookings? A: Duke Austin, President and CEO: We are confident in our growth trajectory, with a history of 20% plus growth over the past decade. Our strategic acquisitions and investments in technology and infrastructure position us well for future growth, particularly in the AI and power demand sectors. Q: How has the increased workload affected your bidding process, and are you able to be more selective with projects? A: Duke Austin, President and CEO: We focus on providing long-term, programmatic solutions rather than just bidding on projects. Our self-perform capabilities and execution certainty allow us to engage in longer-term discussions and be selective in our project choices. Q: Can you elaborate on the strategic rationale behind the acquisition of Dynamic Systems and its fit into your broader strategy? A: Duke Austin, President and CEO: Dynamic Systems complements our existing capabilities with its advanced technology and craft-centric approach. It allows us to expand into new markets and provide comprehensive solutions, enhancing our ability to meet customer demands for certainty and speed. Q: With the ITC winding down by 2027, how are you managing renewables work, and what is your outlook for renewables post-2028? A: Duke Austin, President and CEO: We are seeing pull-ins on LNTPs and have customers who are well safe-harbored into the future. We remain optimistic about the long-term prospects of renewables, given their cost-effectiveness and speed to market. Q: How are you preparing for potential short-term slowdowns in renewables, and what are the potential synergies from the Dynamic Systems acquisition? A: Duke Austin, President and CEO: We have a fungible workforce that can be allocated across different segments, allowing us to manage slowdowns effectively. The acquisition of Dynamic Systems offers significant revenue synergies and opportunities to improve margins through integrated solutions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Quanta lifts annual forecast, buys Dynamic Systems in $1.35 billion deal
(Reuters) -Infrastructure solutions provider Quanta Services raised its annual results forecast on Thursday and said it has acquired peer Dynamic Systems in a deal valued at about $1.35 billion. The deal, which closed on July 25, was financed through $1.15 billion in cash and roughly $200 million in Quanta's common stock. "Dynamic Systems operates in growing end-markets, has a strong and visible opportunity pipeline and an accretive contribution to Quanta's growth, cash flow conversion, returns and earnings per share," Quanta CEO Duke Austin said. Quanta provides infrastructure services for the utility, renewable energy, technology, communications, pipeline, and energy industries. Separately, the company forecast annual revenue of between $27.4 billion and $27.9 billion, higher than its previous forecast of $26.7 billion to $27.2 billion. It now expects adjusted earnings for full-year 2025 to range between $10.28 and $10.88 per share, up from its prior view of $10.05 and $10.65 per share. The upbeat forecasts come as Quanta benefits from increasing power demand in the U.S. resulting from the data center boom, aging power grids and electrification. The company also reiterated risks to project timing and execution due to trade policy changes, macroeconomic challenges, extreme weather, regulatory issues and supply chain snags. However, the terms of Quanta's existing contracts limit the company's exposure to direct cost increases resulting from tariffs and could help it mitigate such risks. The Houston, Texas-based company posted second-quarter adjusted profit of $2.48 per share, compared with analysts' estimate of $2.44 per share, according to data compiled by LSEG. Revenue for the quarter ended June 30 rose 21% to $6.77 billion, compared with estimates of $6.57 billion.
CBC
19-03-2025
- Politics
- CBC
People's Party of Canada announces André Fortin as Yukon candidate for federal election
The People's Party of Canada has announced André Fortin as its Yukon candidate for the next federal election. Originally from Quebec, Fortin has called Whitehorse home for more than 40 years. He has experience in the public service, infrastructure development and energy sectors, including founding contracting firm Dynamic Systems and sitting on the Yukon Utilities Board. Over the years, he said he's seen "great opportunities" in the territory "slowly disappearing." "I decided that it was time to throw the hat in the ring," he said. Fortin said he chose to run with the People's Party of Canada (PPC) because it stands by its values. "Although the platform is not perfect, at least there's a party there that says, 'If you don't like our platform, we're not a wind vane, we won't switch it… go vote somewhere else,'" he said. Fortin said he wants to hear people's concerns but has four major issues at the top of his mind — making sure gun regulations don't harm Yukoners, housing, ensuring the RCMP is properly funded, and healthcare. On the last topic, Fortin said he's heard from Yukoners who don't have doctors, and from nurses who have "exited the profession and will never be back" because of COVID-19 vaccine mandates. "In Ottawa, I will fight tooth and nail for not having these kinds of mandates," he said, adding that he wasn't "anti-vax" but considers vaccine requirements by employers "morally so reprehensible." Fortin said he's also heard from Yukoners concerned about crime, and believes that bail reform is necessary along with making sure the RCMP is properly funded. "They should have all the tools that they need to do the job and usually that translates into cold, cold, cold hard cash," he said. "Criminal organizations… don't seem to have any problem finding the cash to fund their operation, so let's stop messing about and let's give [the RCMP] the tools that they need." Fortin accused the federal Liberals of making a "mess" of Canada and the federal Conservatives of showing a "total disrespect" for the conservative movement in the territory. Both, he said, treat the Yukon as just an "electoral commodity" that can be disregarded again after an election. While the Yukon only has one federal seat, Fortin said he believes one person can make a big difference. "What I'm hoping to bring is hope," he said. "Hey, you don't believe in the traditional party? There's a place to park your vote as opposed to staying home and being ignored some more."
