Quanta Services Announces New $500 Million Stock Repurchase Program

FREMONT, CA: Quanta Services, Inc. announced that its board of directors, in support of management’s request, has authorized the company to repurchase, from time to time through june 30, 2023, upto $500 Million in shares of its outstanding common stock under a new stock repurchase program. The new program is in addition to the remaining $87 Million available under the previously authorized $500 Million stock repurchase program, pursuant to which Quanta has repurchased approximately 13.0 Million shares of its common stock in the open market for a total cost of approximately $413 Million and which authorizes repurchases through August 2021.

The new repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management’s discretion based on market and business conditions, applicable contractual and legal requirements and other factors.