Quanta Services Management

Management criteria checks 2/4

Quanta Services' CEO is Duke Austin, appointed in Mar 2016, has a tenure of 8.67 years. total yearly compensation is $14.62M, comprised of 8.8% salary and 91.2% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth €201.41M. The average tenure of the management team and the board of directors is 3.2 years and 5.1 years respectively.

Key information

Duke Austin

Chief executive officer

US$14.6m

Total compensation

CEO salary percentage	8.8%
CEO tenure	8.7yrs
CEO ownership	0.4%
Management average tenure	3.2yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Duke Austin's remuneration changed compared to Quanta Services's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$811m
Jun 30 2024	n/a	n/a	US$790m
Mar 31 2024	n/a	n/a	US$768m
Dec 31 2023	US$15m	US$1m	US$745m
Sep 30 2023	n/a	n/a	US$696m
Jun 30 2023	n/a	n/a	US$579m
Mar 31 2023	n/a	n/a	US$502m
Dec 31 2022	US$12m	US$1m	US$491m
Sep 30 2022	n/a	n/a	US$433m
Jun 30 2022	n/a	n/a	US$452m
Mar 31 2022	n/a	n/a	US$481m
Dec 31 2021	US$11m	US$1m	US$486m
Sep 30 2021	n/a	n/a	US$551m
Jun 30 2021	n/a	n/a	US$540m
Mar 31 2021	n/a	n/a	US$497m
Dec 31 2020	US$10m	US$1m	US$446m
Sep 30 2020	n/a	n/a	US$394m
Jun 30 2020	n/a	n/a	US$367m
Mar 31 2020	n/a	n/a	US$320m
Dec 31 2019	US$10m	US$1m	US$402m
Sep 30 2019	n/a	n/a	US$341m
Jun 30 2019	n/a	n/a	US$329m
Mar 31 2019	n/a	n/a	US$376m
Dec 31 2018	US$9m	US$1m	US$293m
Sep 30 2018	n/a	n/a	US$350m
Jun 30 2018	n/a	n/a	US$315m
Mar 31 2018	n/a	n/a	US$304m
Dec 31 2017	US$9m	US$1m	US$315m

Compensation vs Market: Duke's total compensation ($USD14.62M) is above average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Duke's compensation has increased by more than 20% in the past year.

CEO

Duke Austin (54 yo)

8.7yrs

Tenure

US$14,624,532

Compensation

Mr. Earl C. Austin, Jr., also known as Duke, had been the Chief Operating Officer of Quanta Services, Inc. since January 1, 2013 until January 2022. Mr. Austin has been Director, President and Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Earl Austin	President	8.7yrs	US$14.62m	0.42% € 201.4m
Jayshree Desai	Chief Financial Officer	2.3yrs	US$4.40m	0.025% € 12.1m
James Probst	Chief Operating Officer	2.8yrs	US$5.59m	0.033% € 16.1m
Derrick Jensen	Executive Vice President of Business Administration	2.3yrs	US$3.73m	0.17% € 84.6m
Gerald Ducey	President of Strategic Operations	1.5yrs	US$3.46m	0.014% € 7.0m
Paul Nobel	Senior VP & Chief Accounting Officer	3.5yrs	no data	0.0049% € 2.4m
Kip Rupp	Vice President of Investor Relations	13.4yrs	no data	no data
Donald Wayne	Executive VP & General Counsel	7.5yrs	US$2.81m	0.027% € 13.3m
Kimberly Riddle	Vice President of Human Resources	no data	no data	no data
Scot Fluharty	President of Underground Utilities & Industrial	no data	no data	no data
Karl Studer	President of Electric Power	no data	no data	0.0072% € 3.5m
Matthew Compher	Senior Vice President of Safety	no data	no data	no data

3.2yrs

Average Tenure

53.5yo

Average Age

Experienced Management: QAA's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Earl Austin	President	8.7yrs	US$14.62m	0.42% € 201.4m
Vincent Foster	Independent Director	26.8yrs	US$311.78k	0.12% € 58.8m
Warner Baxter	Independent Director	less than a year	no data	no data
Bernard Fried	Independent Director	20.7yrs	US$291.78k	0.014% € 6.9m
Martha Wyrsch	Independent Director	5.1yrs	US$306.78k	0.0060% € 2.9m
Holli Ladhani	Independent Director	3.3yrs	US$291.78k	0.0024% € 1.2m
Worthing Jackman	Independent Director	19.5yrs	US$316.78k	0.0057% € 2.8m
Jo-Ann dePass Olsovsky	Independent Director	less than a year	no data	no data
Doyle Beneby	Independent Chairman	8.7yrs	US$306.78k	0.019% € 9.1m
Robert Rowe	Independent Director	2.3yrs	US$286.78k	0.0014% € 683.4k
Raul Valentin	Independent Director	1.4yrs	US$273.02k	0.00057% € 276.3k

5.1yrs

Average Tenure

60yo

Average Age

Experienced Board: QAA's board of directors are considered experienced (5.1 years average tenure).

Quanta Services Management

Management criteria checks 2/4

Key information

Recent management updates

Chief Operating Officer recently sold €8.1m worth of stock

High number of new directors

Quanta Services, Inc. Announces Board Appointments

Quanta Services, Inc., Annual General Meeting, May 24, 2024

Insider recently sold €4.0m worth of stock

Quanta Services, Inc. Appoints Raúl J. Valentín to Its Board of Directors

Recent updates

Quanta Services Announces Quarterly Cash Dividend, Payable on January 13, 2025

Third quarter 2024 earnings released: EPS: US$1.99 (vs US$1.88 in 3Q 2023)

Quanta Services, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024

Quanta Services, Inc. to Report Q3, 2024 Results on Oct 31, 2024

Upcoming dividend of US$0.09 per share

Second quarter dividend of US$0.09 announced

Quanta Services Announces Quarterly Cash Dividend, Payable on October 11, 2024

Chief Operating Officer recently sold €8.1m worth of stock

Second quarter 2024 earnings released: EPS: US$1.28 (vs US$1.14 in 2Q 2023)

Quanta Services, Inc. Updates Earnings Guidance for the Full Year Ending December 31, 2024

Quanta Services, Inc. (NYSE:PWR) acquired Cupertino Electric, Inc. for $1.74 billion.

Quanta Services, Inc. to Report Q2, 2024 Results on Aug 01, 2024

High number of new directors

Quanta Services, Inc. Announces Board Appointments

First quarter dividend of US$0.09 announced

Quanta Services, Inc. Announces Quarterly Cash Dividend, Payable on July 12, 2024

Quanta Services, Inc. Provides Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$0.81 (vs US$0.66 in 1Q 2023)

Quanta Services, Inc., Annual General Meeting, May 24, 2024

Quanta Services, Inc. to Report Q1, 2024 Results on May 02, 2024

Fourth quarter dividend of US$0.09 announced

Quanta Services, Inc. Declares Quarterly Cash Dividend, Payable on April 17, 2024

Now 21% undervalued

Insider recently sold €4.0m worth of stock

Investor sentiment improves as stock rises 15%

Quanta Services, Inc. (NYSE:PWR) acquired Evergreen North America Industrial Services, Inc from The Sterling Group, L.P.

Full year 2023 earnings released: EPS: US$5.13 (vs US$3.42 in FY 2022)

Quanta Services, Inc. Provides Earnings Guidance for the Year Ending December 31, 2024

Quanta Services, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Now 21% undervalued

Upcoming dividend of US$0.09 per share at 0.2% yield

Quanta Services, Inc Announces Quarterly Cash Dividend, Payable on January 12, 2024

Quanta Services, Inc. (NYSE:PWR) acquired Pennsylvania Transformer Technology Inc.

Third quarter 2023 earnings released: EPS: US$1.88 (vs US$1.09 in 3Q 2022)

New minor risk - Insider selling

Quanta Services, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Quanta Services, Inc. Declares Quarterly Cash Dividend, Payable on October 13, 2023

Second quarter 2023 earnings released: EPS: US$1.14 (vs US$0.61 in 2Q 2022)

Quanta Services, Inc. Appoints Raúl J. Valentín to Its Board of Directors

Upcoming dividend of US$0.08 per share at 0.2% yield

Independent Director recently sold €1.1m worth of stock

Quanta Services, Inc. (NYSE:PWR) announces an Equity Buyback for $500 million worth of its shares.

Insider recently sold €15m worth of stock

First quarter 2023 earnings released: EPS: US$0.66 (vs US$0.59 in 1Q 2022)

Quanta Services, Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2023

Executive VP & General Counsel recently sold €2.2m worth of stock

Full year 2022 earnings released: EPS: US$3.42 (vs US$3.45 in FY 2021)

Quanta Services, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.08 per share

Quanta Services, Inc. Declares Quarterly Cash Dividend, Payable on January 13, 2023

Quanta Services, Inc. Provides Consolidated Earnings Guidance for the Full Year 2022

Third quarter 2022 earnings released: EPS: US$1.09 (vs US$1.25 in 3Q 2021)

Quanta Services, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.07 per share

Quanta Services, Inc. Declares Quarterly Cash Dividend, the Dividend Is Payable on October 14, 2022

Second quarter 2022 earnings released: EPS: US$0.61 (vs US$0.83 in 2Q 2021)

Quanta Services, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022

Quanta Services, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Quanta Services, Inc. Appoints Scott Rowe to Board of Directors

Independent Director recently sold €1.7m worth of stock

Upcoming dividend of US$0.07 per share

President recently sold €16m worth of stock

Quanta Services, Inc. Announces Quarterly Cash Dividend, Payable on July 15, 2022

First quarter 2022 earnings released: EPS: US$0.59 (vs US$0.64 in 1Q 2021)

Quanta Services, Inc. Provides Earnings Guidance for Year Ending December 31, 2022

Quanta Services, Inc., Annual General Meeting, May 27, 2022

Quanta Services Announces Quarterly Cash Dividend, Payable on April 18, 2022

Independent Director recently sold €306k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat