secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001193125-25-169944
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta reports record Q2 revenue $6.77B, acquires Dynamic Systems for up to $1.566B
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- Q2 revenue $6.77B (record), GAAP EPS $1.52, adjusted EPS $2.48, net income $229.3M, adjusted EBITDA $668.8M.
- Record total backlog $35.8B; RPO $19.2B. Full-year 2025 outlook raised on strong results and acquisition.
- Acquired Dynamic Systems for up to $1.566B ($1.35B base + $216M earnout); ~$1.15B cash + ~$200M stock.
- DSI estimated FY2025 revenue $1.0-1.1B, adj. EBITDA $150-170M; expected immediately accretive to EPS.
- DSI expected to contribute $0.32-$0.47 adjusted EPS in FY2026; ~2,400 employees, management retained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312525169944/0001193125-25-169944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312525169944/d28227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-169944

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