secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001193125-22-141267
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522141267/0001193125-22-141267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522141267/d342384d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-141267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer