QualTek Services Inc. provides communications infrastructure, power grid modernization, and renewable solutions to telecommunications and utilities industries in North America. The company operates through two segments, Telecom, and Renewables and Recovery Logistics. The Telecom segment engages in the installation, project management, maintenance, real estate, and site acquisition; fiber optic aerial and underground installation, fiber optic splicing, termination and testing, new installation, engineering, and fulfillment services to telecommunication companies; and electrical contracting, and utility construction and maintenance services to municipalities, electric membership cooperatives, and electric-utility companies. The Renewables and Recovery Logistics segment offers installation, testing, and maintenance for wind farms, solar farms, and fiber optic grids; continuity and disaster relief services to telecommunication and utility companies; and business-as-usual services, such as generator storage, and repair and cell maintenance services. The company was founded in 2012 and is headquartered in Blue Bell, Pennsylvania.
IPO Year: 2021
Exchange: NASDAQ
Website: https://qualtekservices.com
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QualTek Services Inc. (NASDAQ:QTEK), today announced that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had determined to delist the Company's common stock as a result of the Company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq informed the Company that trading in the Company's common stock would be suspended at the opening of business on June 2, 2023. QualTek Services Inc. and certain of its subsidiaries filed for voluntary Chapter 11 protection on May 24, 2023. About the Company Founded in 2012, QualTek is a leading technology-driven provider of infrastructure se
Continues to Operate Business as Usual and Serve Customers Across Business Segments Restructuring Transactions to Reduce Debt by $307 million and Provide $40 million of New Liquidity to Execute Business Plan Company Anticipates Plan of Reorganization Support from at least 85% of Secured Debt Holders and 80% of Convertible Noteholders QualTek Services Inc. (NASDAQ:QTEK) (the "Company" or "QualTek"), a leading infrastructure services provider, today announced a restructuring transaction that will position it to achieve long-term success in the telecom, renewables, and recovery logistics sectors. The restructuring transaction reduces the Company's debt by approximately $307 million and p
(NASDAQ:QTEK)— QualTek Services Inc. (the "Company") announced today that it has entered into a forbearance agreement with a majority of convertible noteholders of its Senior Unsecured Convertible Notes ("Convertible Notes"). This forbearance agreement follows the Company's election to enter a 30-day grace period ending April 14, 2023, to make the interest payment on its Convertible Notes and subsequent decision to not make the payment. The Company also entered into a forbearance agreement with its administrative agent and lenders on its ABL Credit Agreement and a limited waiver agreement with required creditors of its Term Loan Credit Agreement. As detailed in the 8-K filed by the Company,
Company continues to provide best-in-class telecommunications and infrastructure services to customers Financing provides the Company with greater liquidity as it takes steps to improve its financial position for future growth QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, today announced the successful closing of new money incremental term loans providing $55 million in immediately available funds under its existing term loan credit agreement. The Company also announced the appointment of Cari Turner of Alvarez & Ma
BLUE BELL, Pa., Dec. 7, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, announced today the appointment of John Kritzmacher, Bruce Roberson and Cielo Hernandez to QualTek's Board of Directors. They will replace Jigisha Desai, Sam Totusek, and Sam Chawla. "We are excited to welcome John, Bruce and Cielo to QualTek's Board of Directors and believe their extensive experience and expertise,
Third Quarter 2022 Financial Highlights Record third quarter 2022 revenue of $216.1 millionReported 24-month backlog increased to $2.4 billionRecord third quarter 2022 Telecom segment revenue of $188.3 million, a 38.9% increase year-over-yearNet Loss improved sequentially quarter-over-quarter from $25.6 million to $6.9 millionBLUE BELL, Pa., Nov. 14, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today it's 2022 third quarter financial results.
Third Quarter ended October 1, 2022 BLUE BELL, Pa., Nov. 1, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today that the Company will release its Third Quarter financial results on Monday, November 14, 2022, after the financial markets close. The Company will host a conference call the next day, November 15, 2022, to discuss its results and business outlook at 9:00 a.m. Easte
BLUE BELL, Pa., Sept. 29, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, power grid modernization, storm restoration, and renewable energy sectors, announced today that it has been called upon to deploy restoration services for multiple power utility and telecom companies in response to Hurricane Ian throughout Florida and the Southeastern region. Through QualTek Recovery Logistics, the company provides storm restoration, logistics, generators and ot
BLUE BELL, Pa., Sept. 21, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, will attend the 21st Annual Diversified Industrials & Services Conference on Thursday, September 22nd and Friday, September 23rd in Nashville, TN, hosted by D.A. Davidson. This year's event will consist of company presentations, analyst led fireside chats, one-one meetings, interdisciplinary panel discussions, and
Second Quarter 2022 Financial Highlights - Record second quarter 2022 revenue of $184.2 million, a 41% increase year-over-year - Second quarter 2022 Telecom segment revenue of $175.2 million, a 48.5% increase year-over-year - Telecom adjusted EBITDA margins continue to expand as expected - Reported 24-month backlog at the end of Q2 2022 is $2.3 billion BLUE BELL, Pa., Aug. 8, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today strong 2022 second quarter financial results of its subsidiary Q
Company continues to provide best-in-class telecommunications and infrastructure services to customers Financing provides the Company with greater liquidity as it takes steps to improve its financial position for future growth QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, today announced the successful closing of new money incremental term loans providing $55 million in immediately available funds under its existing term loan credit agreement. The Company also announced the appointment of Cari Turner of Alvarez & Ma
BLUE BELL, Pa., Dec. 7, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, announced today the appointment of John Kritzmacher, Bruce Roberson and Cielo Hernandez to QualTek's Board of Directors. They will replace Jigisha Desai, Sam Totusek, and Sam Chawla. "We are excited to welcome John, Bruce and Cielo to QualTek's Board of Directors and believe their extensive experience and expertise,
BLUE BELL, Pa., March 7, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization and renewable energy sectors, announced today the appointment of Daniel Lafond, who joined the board as an independent director on March 2, 2022. QualTek previously appointed Jigisha Desai and Sam Chawla as independent board members. "We are pleased to have Jigisha, Sam and Dan as independent directors to QualTek's board during this exciting ti
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Third Quarter 2022 Financial Highlights Record third quarter 2022 revenue of $216.1 millionReported 24-month backlog increased to $2.4 billionRecord third quarter 2022 Telecom segment revenue of $188.3 million, a 38.9% increase year-over-yearNet Loss improved sequentially quarter-over-quarter from $25.6 million to $6.9 millionBLUE BELL, Pa., Nov. 14, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today it's 2022 third quarter financial results.
Third Quarter ended October 1, 2022 BLUE BELL, Pa., Nov. 1, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today that the Company will release its Third Quarter financial results on Monday, November 14, 2022, after the financial markets close. The Company will host a conference call the next day, November 15, 2022, to discuss its results and business outlook at 9:00 a.m. Easte
Second Quarter 2022 Financial Highlights - Record second quarter 2022 revenue of $184.2 million, a 41% increase year-over-year - Second quarter 2022 Telecom segment revenue of $175.2 million, a 48.5% increase year-over-year - Telecom adjusted EBITDA margins continue to expand as expected - Reported 24-month backlog at the end of Q2 2022 is $2.3 billion BLUE BELL, Pa., Aug. 8, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today strong 2022 second quarter financial results of its subsidiary Q
Second Quarter ended July 2, 2022 BLUE BELL, Pa., July 25, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today that the Company will release its Second Quarter financial results on Monday, August 8, 2022, after the financial markets close. The Company will host a conference call the next day, August 9, 2022, to discuss its results and business outlook at 9:00 a.m. Eastern Tim
- First quarter 2022 revenue up 24% to $148.2 million - Reported 24-month backlog at the end of Q1 2022 is $2.2 Billion, which is the largest in the history of the company - Extended ABL maturity through July 2025 BLUE BELL, Pa., May 17, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today strong 2022 first quarter financial results of its subsidiary QualTek HoldCo, LLC. For
First Quarter ended April 2, 2022 BLUE BELL, Pa., May 5, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today that the Company will release its First Quarter financial results on Tuesday, May 17, 2022, after the financial markets close. The Company will host a conference call the next day, May 18, 2022, to discuss its results and business outlook at 9:00 a.m. Eastern Time. The
- Full year 2021 results include revenue of $612.2 million and adjusted EBITDA of $60.0 million - Reported 24-month backlog at the end of Q4 2021 was $2.1 Billion, an increase of 22.0% over year end 2020 - Fourth quarter 2021 results include revenue of $147.1 million and adjusted EBITDA of $4.0 million - Successfully completed four acquisitions and added significant new contract awards BLUE BELL, Pa., March 31, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today a strong 2021 fourth quar
BLUE BELL, Pa., March 30, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ:QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, power grid modernization, and renewable energy sectors, announced today that the Company will release its fourth quarter and fiscal year 2021 financial results on Thursday, March 31, 2022, after the financial markets close. The Company will host a conference call the next day, April 1, 2022, to discuss its results and business outlook at 9:00 a.m. Eastern Time. The call