HOUSTON, May 29, 2020 /PRNewswire/ -- Quanta Services,
Inc. (NYSE:PWR) announced today that its Board of Directors has
declared a quarterly cash dividend to stockholders of $0.05 per share. The dividend is payable
July 15, 2020, to stockholders of
record on July 1, 2020.
About Quanta Services
Quanta Services is a leading
specialized contracting services company, delivering comprehensive
infrastructure solutions for the utility, pipeline, energy and
communications industries. Quanta's comprehensive services include
designing, installing, repairing and maintaining energy and
communications infrastructure. With operations throughout
the United States, Canada, Australia and select other international
markets, Quanta has the manpower, resources and expertise to safely
complete projects that are local, regional, national or
international in scope. For more information, visit
www.quantaservices.com.
Forward Looking Statements
This press release
(and any oral statements regarding the subject matter of this press
release) contains forward-looking statements intended to qualify
for the "safe harbor" from liability established by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, but are not limited to, statements relating to
expectations regarding the declaration, amount or timing of any
future dividends; expectations regarding Quanta's business or
financial outlook, plans and strategies; growth, trends or
opportunities; and the ability to deliver increased value or return
capital to stockholders; as well as statements reflecting
expectations, intentions, assumptions or beliefs about future
events and other statements that do not relate strictly to
historical or current facts. Although Quanta's management
believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. These statements can be
affected by inaccurate assumptions and by a variety of risks and
uncertainties that are difficult to predict or beyond our control,
including, among others, market conditions; the effects of
industry, economic, financial or political conditions outside of
the control of Quanta, including weakness in capital markets or the
ongoing and potential impact to financial markets and worldwide
economic activity resulting from the COVID-19 pandemic and related
governmental actions; quarterly variations in operating results,
liquidity, financial condition, cash flows, capital requirements,
reinvestment opportunities or other financial results, including
the ongoing and potential impact to Quanta's business, operations
and supply chain of the COVID-19 pandemic and related governmental
actions; the severity, magnitude and duration of the COVID-19
pandemic, including impacts of the pandemic and of business and
governmental responses to the pandemic on Quanta's operations,
personnel and supply chain and on commercial activity and demand
across Quanta's and Quanta's customers' businesses; Quanta's
inability to predict the extent to which the COVID-19 pandemic and
related impacts will adversely impact its business, financial
performance, results of operations, financial position, the prices
of its securities and the achievement of its strategic objectives;
delays, reductions in scope or cancellations of anticipated,
pending or existing projects; the successful negotiation,
execution, performance and completion of anticipated, pending and
existing contracts, including the ability to obtain future project
awards; cancellation provisions within contracts and the risk that
contracts expire and are not renewed or are replaced on less
favorable terms; loss of customers with whom Quanta has
long-standing or significant relationships; requirements relating
to dividends under Delaware law
and the credit agreement for Quanta's senior secured credit
facility; the impact of income tax laws;; and other risks and
uncertainties detailed in Quanta's Annual Report on Form 10-K for
the year ended Dec. 31, 2019,
Quanta's Quarterly Report on Form 10-Q for the quarter ended
Mar. 31, 2020 and any other documents
that Quanta files with the Securities and Exchange Commission
(SEC). For a discussion of these risks, uncertainties and
assumptions, investors are urged to refer to Quanta's documents
filed with the SEC that are available through the company's website
at www.quantaservices.com or through the SEC's Electronic
Data Gathering and Analysis Retrieval System (EDGAR)
at www.sec.gov. Should one or more of these risks materialize,
or should underlying assumptions prove incorrect, actual results
may vary materially from those expressed or implied in any
forward-looking statements. Investors are cautioned not to place
undue reliance on these forward-looking statements, which are
current only as of this date. Quanta does not undertake and
expressly disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Quanta further expressly disclaims any
written or oral statements made by any third party regarding the
subject matter of this press release.
Investors - Kip Rupp,
CFA
|
Media – Lynn
Hancock
|
Quanta Services,
Inc.
|
Ward
|
(713)
341-7260
|
(713)
869-0707
|
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SOURCE Quanta Services, Inc.