Quanta Services, Inc. (NYSE:PWR) Q1 2018 Earnings Conference Call - Final Transcript

May 03, 2018 • 09:00 am ET


Quanta Services, Inc. (NYSE:PWR) Q1 2018 Earnings Conference Call - Final Transcript


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Greetings, ladies and gentlemen, and welcome to the Quanta Services First Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions)

It is now my pleasure to introduce your host, Mr. Kip Rupp. Thank you, sir, you may begin.

Kip Rupp

Thank you, and welcome everyone to the Quanta Service' first quarter earnings conference call. This morning we issued a press release announcing our first quarter results, which can be found in the Investors & Media section of our website at quantaservices.com. Additionally, we have posted a summary of our 2018 outlook and commentary that we will discuss this morning in the Investors & Media section of our website. Please remember the information reported on this call speaks only as of today, May 3, 2018, and therefore you are advised that any time-sensitive information may no longer be accurate as of any replay of this call.

This call will include forward-looking statements intended to qualify under the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. These include all statements reflecting Quanta's expectations, intentions, assumptions, or beliefs about future events or performance, or that do not solely relate to historical or current facts. Forward-looking statements involve certain risks, uncertainties, and assumptions that are difficult to predict or beyond Quanta's control, and actual results may differ materially from those expressed or implied.

For additional information concerning some of these risks, uncertainties, and assumptions, please refer to the cautionary language included in our press release issued today, along with the company's 2017 Annual Report on Form 10-K, and its other documents filed with the Securities and Exchange Commission, which are available on Quanta's, or the SEC's, website. You should not place undue reliance on forward-looking statements and Quanta does not undertake any obligation to update such statements and disclaims any written or oral statements made by any third-party regarding the subject matter of this call.

Please also note that we will present certain non-GAAP financial measures in today's call, including adjusted diluted earnings per share, backlog, and EBITDA. Reconciliations of these measures to their most directly comparable GAAP financial measures are included in our earnings release.

Lastly, if you would like to be notified when Quanta publishes news releases and other information, please sign-up for e-mail alerts through the Investors & Media section of quantaservices.com. We also encourage investors and others interested in our company to follow Quanta IR and Quanta Services on the social media channels listed on our website.

With that, I would now like to turn the call over to Mr. Duke Austin, Quanta's President and CEO. Duke?

Earl Austin

Thanks, Kip. Good morning, everyone, and welcome to the Quanta Services first quarter 2018 earnings conference call. On the call, I will provide operational and strategic commentary before turning it over to Derrick Jensen, Quanta's Chief Financial Officer, who'll provide a detailed review of our first quarter results. Following Derrick's comments, we welcome your