Quanta Services Inc at Stephens Investor Conference Transcript

Nov 14, 2019 / 02:15PM GMT
Derrick A. Jensen – Quanta Services, Inc. – CFO

Good morning, everyone. Thanks for your interest in Quanta today. So we’re the largest specialty contractor in the United States. As we stand here, our key takeaways, if you will, are — primarily, that 85% of what we do, we self-perform, and we think that distinguishes us in the market. From our end, the biggest thing from a construction standpoint, the execution risk. And to the extent that we self-perform, we think that the aspect of 85% of that is under our direct control. We think that distinguishes us.

The other thing is, is that as we think about our year-to-year spend from our customers, we look at that as a very programmatic spend, and it is very different. A lot of people think about what we capture as project-based. And although there are definitely project nature of what we do, from our standpoint, it’s much more about the programmatic spend of our customers.

To that end, about 60% of our revenues is electric power, about 40% of our revenues comes from our pipeline and industrial group. When you relook at that across the type of

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