Quanta Q1 revs $3.97B (record), adj. EPS $1.37 (record); CFO transition; reaffirms FY22 guidance

QUANTA SERVICES, INC.

2022-Q1 EPS reported $0.57 revenue$3,965,525,000

Q1 revenue $3.97B (record), up 47% YoY; GAAP diluted EPS $0.57; adjusted diluted EPS $1.37 (record) vs $0.83 prior year.
Total backlog $20.5B (record); remaining performance obligations $6.8B; full-year 2022 financial expectations reaffirmed.
CFO transition: Derrick Jensen to EVP Business Operations; Jayshree Desai named CFO, effective July 2022. No disagreement with company or auditor.
No acquisitions in Q1 2022; company targets 10% organic adj. EPS CAGR and +15% adj. EPS CAGR through 2026.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Derrick A. Jensen

Executive Vice President – Business Operations

PWR · QUANTA SERVICES, INC.

Successor: Jayshree S. Desai
Filed: May 5, 2022, 7:59 PM ET

Derrick A. Jensen will transition from his current role as Chief Financial Officer and principal financial officer of the Company to another role with Quanta, Executive Vice President – Business Operations

Role change

Jayshree S. Desai

Chief Financial Officer

PWR · QUANTA SERVICES, INC.

Filed: May 5, 2022, 7:59 PM ET

Jayshree S. Desai will transition from her current role as Chief Corporate Development Officer to Chief Financial Officer and principal financial officer of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Derrick A. Jensen changed role as Executive Vice President – Business Operations at QUANTA SERVICES, INC..

Action: will transition
Role: Executive Vice President – Business Operations

Exact text from the filing

Derrick A. Jensen will transition from his current role as Chief Financial Officer and principal financial officer of the Company to another role with Quanta, Executive Vice President – Business Operations

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jayshree S. Desai changed role as Chief Financial Officer at QUANTA SERVICES, INC..

Action: will transition
Role: Chief Financial Officer

Exact text from the filing

Jayshree S. Desai will transition from her current role as Chief Corporate Development Officer to Chief Financial Officer and principal financial officer of the Company

View on SEC.gov

QUANTA SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-141267

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