PR Newswire | Dec 1, 2021 04:05PM EST

12/01 15:05 CST

Quanta Services Announces Quarterly Cash Dividend HOUSTON, Dec. 1, 2021

HOUSTON, Dec. 1, 2021 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.07 per share, or a rate of $0.28 per share on an annualized basis, which represents an approximately 17% increase from Quanta's last quarterly cash dividend paid in October 2021. The dividend is payable on January 14, 2022, to stockholders of record as of January 4, 2022.

About Quanta Services

Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Cautionary Statement About Forward-Looking Statements

This press release (and any oral statements regarding the subject matter ofthis press release) contains forward-looking statements intended to qualify forthe "safe harbor" from liability established by the Private SecuritiesLitigation Reform Act of 1995. Forward-looking statements include, but are notlimited to, statements relating to expectations regarding the declaration,amount or timing of any future dividends; expectations regarding Quanta'sbusiness or financial outlook; and Quanta's ability to deliver increased valueor return capital to stockholders; as well as statements reflectingexpectations, intentions, assumptions or beliefs about future events and otherstatements that do not relate strictly to historical or current facts. Theseforward-looking statements are not guarantees of future performance, involve orrely on a number of risks, uncertainties, and assumptions that are difficult topredict or are beyond our control, and reflect management's beliefs andassumptions based on information available at the time the statements are made.We caution you that actual outcomes and results may differ materially from whatis expressed, implied or forecasted by our forward-looking statements and thatany or all of our forward-looking statements may turn out to be inaccurate orincorrect. Forward-looking statements can be affected by inaccurate assumptionsand by known or unknown risks and uncertainties , including, among others,market, industry, economic, financial or political conditions outside of thecontrol of Quanta, quarterly variations in operating results, liquidity,financial condition, cash flows, capital requirements, reinvestmentopportunities or other financial results; the severity, magnitude and durationof the COVID-19 pandemic, including impacts of the pandemic and business andgovernmental responses thereto on Quanta's operations, personnel and supplychains and on commercial activity and demand across Quanta's business and itscustomers' businesses; trends and growth opportunities in relevant markets;requirements relating to dividends under Delaware law and the credit agreementfor Quanta's senior credit facility; and other risks and uncertainties detailedin Quanta's Annual Report on Form 10-K for the year ended Dec. 31, 2020,Quanta's Quarterly Reports on Form 10-Q for the quarters ended Mar. 31, 2021,Jun. 30, 2021 and Sep. 30, 2021 any other documents that Quanta files with theSecurities and Exchange Commission (SEC). For a discussion of these risks,uncertainties and assumptions, investors are urged to refer to Quanta'sdocuments filed with the SEC that are available through the company's websiteat www.quantaservices.com or through the SEC's Electronic Data Gathering andAnalysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of theserisks materialize, or should underlying assumptions prove incorrect, actualresults may vary materially from those expressed or implied in anyforward-looking statements. Investors are cautioned not to place undue relianceon these forward-looking statements, which are current only as of this date.Quanta does not undertake and expressly disclaims any obligation to update orrevise any forward-looking statements, whether as a result of new information,future events or otherwise. Quanta further expressly disclaims any written ororal statements made by any third party regarding the subject matter of thispress release.

Investors - Kip Rupp, CFA, IRCQuanta Services, Inc.(713) 341-7260

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SOURCE Quanta Services, Inc.