"Notably, Quanta Services is benefiting from increased spending in the Electric Power segment. The higher spending is directed toward project upgrades and deployment of electric power transmission infrastructure to improve system reliability and deliver renewable electricity from new sources to demand centers. The company is also seeing profits from aging electric infrastructure that requires increased maintenance spending to meet reliability standards. Also, the rapid adaptation of smart grid technology is expected to leverage the segment’s business going forward. In the last reported first-quarter of 2014, revenues at the segment surged 8.5% driven by continued increase in demand for electric transmission and distribution services."
Quanta Services, Inc. announced today that it will release second quarter 2014 results on Thursday, July 31, 2014, before the market opens. In conjunction with the press release, Quanta has scheduled a conference call which will be broadcast live over the Internet on Thursday, July 31, 2014, at 9:30 a.m. Eastern time.