PRESS RELEASE DATED APRIL 11, 2006
Published on April 12, 2006
Exhibit 99.1

PRESS RELEASE
FOR IMMEDIATE RELEASE
06-05
06-05
Contacts:
|
James Haddox, CFO | Ken Dennard / ksdennard@drg-e.com | ||
Reba Reid | Lisa Elliott / lelliott@drg-e.com | |||
Quanta Services Inc. | DRG&E | |||
713-629-7600 | 713-529-6600 |
QUANTA SERVICES CONFIRMS FIRST QUARTER GUIDANCE
HOUSTON April 11, 2006 Quanta Services, Inc. (NYSE: PWR) today announced that it expects
to meet or exceed the upper end of its previously announced guidance of $460 million in revenues
and net income per diluted share of $0.03 for the three months ended March 31, 2006.
Our year is off to a strong start. An initial review of our first quarter performance
indicates that we will meet or exceed the upper end of our guidance for the quarter, including
internal growth of more than 20 percent. Our strong financial position and existing national labor
force enable us to effectively respond to the increased need for infrastructure services, said
John R. Colson, chairman and chief executive officer of Quanta Services. We expect to see
continued improvements in earnings as we progress through 2006.
Quanta expects to announce complete first quarter results on or about
May 4, 2006. The timing of the press release and subsequent conference call and web cast will
be announced later this month.
Quanta Services, Inc. is a leading provider of specialized contracting services, delivering
end-to-end network solutions for electric power, gas, telecommunications and cable television
industries. The companys comprehensive services include designing, installing, repairing and
maintaining network infrastructure nationwide.
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This press release contains forward-looking statements intended to qualify for the safe
harbor from liability established by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to, statements relating to projected
revenues and earnings per share and other financial and operating results, capital expenditures,
growth in particular markets, benefits of the Energy Policy Act of 2005, strategies, expectations,
intentions, plans, future events, performance, underlying assumptions, and other statements that do
not relate strictly to historical or current facts. Although Quantas management believes that the
expectations reflected in such forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. These statements can be affected by
inaccurate assumptions and by a variety of risks and uncertainties, including, among others,
quarterly variations in operating results; adverse changes in economic conditions in relevant
markets; the ability to effectively compete for market share; beliefs and assumptions about the
collectibility of receivables; the inability of customers to pay for services; the financial
distress of Quantas casualty insurance carrier that may require payment for losses that would
otherwise be insured; liabilities for claims that are self-insured or for claims that Quantas
casualty insurance carrier fails to pay; potential liabilities relating to occupational health and
safety matters; estimates relating to the use of percentage-of-completion accounting; dependence on
fixed price contracts; rapid technological and structural changes that could reduce the demand for
services; the ability to obtain performance bonds; cancellation provisions within contracts; the
replacement of contracts as they are completed or expire; the ability to effectively integrate the
operations of acquired businesses; retention of key personnel and qualified employees; the impact
of a unionized workforce on operations and the ability to complete future acquisitions; growth
outpacing infrastructure; risks associated with operating in international markets; potential
exposure to environmental liabilities; requirements relating to governmental regulation; the
ability to continue to meet the requirements of the Sarbanes-Oxley Act of 2002; the cost of
borrowing, availability of credit, debt covenant compliance and other factors affecting financing
activities; the ability to generate internal growth; the adverse impact of goodwill impairments;
and the potential conversion of outstanding convertible subordinated notes. Should one or more of
these risks materialize, or should underlying assumptions prove incorrect, actual results may vary
materially from those expressed or implied in any forward-looking statements. You are cautioned not
to place undue reliance on these forward-looking statements, which are current only as of this
date. Quanta does not undertake any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. For a discussion of these
risks, uncertainties and assumptions, investors are urged to refer to Quantas reports filed with
the Securities and Exchange Commission.
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