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Stock Market & Financial Investment News

News Breaks
December 3, 2012
17:30 EDTDY, PWRDycom sees Quanta Services acquisitions accretive to revenue, EPS in 2013
Dycom Industries (DY) announced that it has completed its acquisition of the telecommunications infrastructure services subsidiaries of Quanta Services (PWR) for $275M in cash plus an adjustment estimated to be $25M-$40M for working capital and other specified items. The acquired subsidiaries are currently expected to produce calendar year 2013 revenues ranging from $400M-$450M. Excluding one-time transaction and integration costs of approximately $12M-$15M, the acquisition is currently expected to produce 5c-10c per share of earnings accretion next calendar year, inclusive of interest expense associated with the acquisition financings and non-cash amortization expense.
News For DY;PWR From The Last 14 Days
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August 26, 2014
16:20 EDTDYDycom sees Q1 EPS 45c-52c, consensus 54c
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16:18 EDTDYDycom reports Q4 EPS 48c, consensus 47c
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August 21, 2014
06:09 EDTPWRQuanta Services selected for Chino Hills segment of Tehachapi project
Quanta Services announced that PAR Electrical Contractors, or PAR, a Quanta Services company, was selected by Southern California Edison for the 500-kilovolt underground project for the Chino Hills segment of the Tehachapi Renewable Transmission Project. PAR's scope of work under the contract is the civil package, which includes all infrastructure installation, road borings, manholes, steel risers and right of way restoration. Quanta expects construction of the project to begin this quarter and anticipates completing the project during 1Q15.

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