Quanta Services, Inc. (NYSE:PWR) Q1 2020 Earnings Conference Call - Final Transcript

May 07, 2020 • 09:00 am ET


Quanta Services, Inc. (NYSE:PWR) Q1 2020 Earnings Conference Call - Final Transcript


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Greetings. And welcome to Quanta Services First Quarter 2020 Earnings Conference Call. [Operator instructions]

I would now like to turn the conference over to your host, Mr. Kip Rupp, Vice President of Investor Relations. Thank you. Sir you may begin.

Kip Rupp

Thank you and welcome everyone to the Quanta Services first quarter 2020 earnings conference call. This morning, we issued a press release announcing our first quarter results which can be found in the investor relations section of our website at quantaservices.com, along with a summary of our 2020 outlook and commentary that we will discuss this morning. Additionally, we will use a slide presentation this morning to accompany our prepared remarks which is viewable through the call's webcast and is also available on the investor relations section of the Quanta Services website. Please remember that information reported on this call speaks only as of today, May 7, 2020, and therefore, you're 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 today's press release along with the Company's periodic reports and 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 obligations 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 historical and forecasted non-GAAP financial measures in today's call including adjusted diluted EPS, backlog, EBITDA and free cash flow. 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 email alerts through the investor relations 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 C. "Duke" Austin, Jr.

Thanks Kip. Good morning everyone and welcome to the Quanta Services first quarter 2020 earnings conference call. On the call today, I will provide commentary about our first quarter results, the operational steps we are taking to successfully navigate the current environment and resiliency and sustainability of Quanta's