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TheStreet Open House

Quanta Services' CEO Discusses Q1 2011 Results - Earnings Call Transcript

Quanta Services (PWR)

Q1 2011 Earnings Call

May 04, 2011 9:00 am ET

Executives

Kenneth Trawick - President of Telecommunications & Renewables Division

James O'Neil - President and Chief Operating Officer

James Haddox - Chief Financial Officer

John Colson - Chairman, Chief Executive Officer, Chairman of Merger, Acquisition & Disposition Committee and Chairman of Small Merger, Acquisition & Disposition Committee

Kip Rupp - Founder and Managing Partner

Analysts

Steven Gambuzza - Longbow Capital

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Quanta Services First Quarter 2011 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Wednesday, May 4, 2011. I would now like to turn the conference over to Kip Rupp, with DRG&L. Please go ahead.

Kip Rupp

Great. Thank you, Alicia, and welcome, everyone, to Quanta Services conference call to review our first quarter of 2011 results. Before I turn the call over to management, I have the normal housekeeping details to run through. If you would like to be on the email or fax distribution list to receive future press releases for Quanta, or if you had any technical difficulty this morning and did not receive your email or fax, please call our offices at DRG&L at (713) 529-6600. You can also sign up for email information alerts by going to the Investors & Media section of Quanta Services website at quantaservices.com.

A replay of today's call will be available via webcast on Quanta's website at quantaservices.com. In addition, a telephonic recorded instant replay will be available for the next 7 days, 24 hours a day, that can be accessed as set forth in the press release. Please remember that the information reported on this call speaks only as of today, May 4, 2011, and therefore you are advised that any time-sensitive information may no longer be accurate as of the time of any replay of this call. This conference 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 forward-looking statements include any 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 to or are beyond Quanta's control, and actual results may differ materially from those expected or implied as forward-looking statements. Management caution is that you should not place undue reliance on Quanta's forward-looking statements, and Quanta does not undertake any obligation to update any forward-looking statements to reflect events or circumstances after this call. For additional information concerning some of the risks, uncertainties and assumptions that could affect Quanta's forward-looking statements, please refer to the company's annual report on Form 10-K for the year ended December 31, 2010, its quarterly reports on Form 10-Q and its other documents filed with the Securities and Exchange Commission, which may be obtained through the SEC's website at sec.gov. With that, I would now like to turn the call over to Mr. John Colson, Quanta's Chairman and CEO. John?

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