XML 30 R18.htm IDEA: XBRL DOCUMENT v3.25.1
Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Equity
10. EQUITY:
Stock Repurchases
On May 23, 2023, Quanta’s Board of Directors approved a stock repurchase program that authorizes Quanta to purchase, from time to time through June 30, 2026, up to $500 million of its outstanding common stock. During the three months ended March 31, 2025, Quanta repurchased 471,387 shares of its common stock in the open market under its stock repurchase program for $118.6 million. As of March 31, 2025, $381.1 million remained available under this repurchase program.
Repurchases 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. Quanta is not obligated to acquire any specific amount of common stock, and the repurchase program may be modified or terminated by Quanta’s Board of Directors at any time at its sole discretion and without notice.
Dividends
Quanta declared the following cash dividends and cash dividend equivalents during 2024 and the first three months of 2025 (in thousands, except per share amounts):
DeclarationRecordPaymentDividendDividends
DateDateDatePer ShareDeclared
March 21, 2025April 3, 2025April 11, 2025$0.10 $15,089 
November 20, 2024January 2, 2025January 13, 2025$0.10 $15,074 
August 28, 2024October 1, 2024October 11, 2024$0.09 $13,532 
May 23, 2024July 1, 2024July 12, 2024$0.09 $13,521 
March 28, 2024April 9, 2024April 17, 2024$0.09 $13,477