Quanta’s CEO sees “meaningful recovery” in 2nd half of 2010

Quanta Services Inc., Houston, is suffering through 2009 YTY sales declines like most companies, but its CEO sees better days ahead late next year. While third-quarter revenues for the utility services contractor were down 26 percent to $780.8 million from $1.05 billion in 3Q 2008, net income for the quarter was $63.4 million, up 22 percent from $51.9 million in the same quarter last year. Said John Colson, Quanta’s chairman and CEO, “The slow economy continues to negatively affect the

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish