MasTec

MasTec, Inc. engages in the provision of infrastructure construction services. It operates through the following segments: Communications, Oil and Gas, Clean Energy and Infrastructure, and Other. The Communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, and install-to-the-home customers. The Oil and Gas segment offers services on oil and natural gas pipelines and processing facilities for the energy and utilities industries. The Clean Energy and Infrastructure segment serves energy, utility and other end-markets through the installation and construction of power generation facilities, including from clean energy and renewable sources such as wind, solar and biomass, as well as various types of heavy civil and industrial infrastructure. The Other segment consists of equity investors, other small business units that perform construction, and other services for a variety of international end-markets. The company was founded by Jorge Mas Canosa on July 26, 1968, and is headquartered in Coral Gables, FL.

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MasTec reports strong Q4 earnings, eyes growth in Clean Energy

MasTec's Q4 2022 showcased robust financial performance and strategic focus on non-Oil and Gas segments for future growth.
While facing challenges in Q1 2023, MasTec's investments in key segments and strong backlog position it well for '24 and '25.
Opportunities lie in Clean Energy, Power Delivery, and Communications sectors, with expectations of margin improvements and revenue growth.
Guidance for 2023 indicates a positive outlook with revenue projected at $13 billion and a focus on diversification and operational efficiency.

MasTec reports strong Q1 performance, eyes margin expansion opportunities

MasTec's Q1 2023 performance showcased strong revenue and backlog growth, with a focus on diversifying away from oil and gas markets.
The company aims to drive long-term shareholder value through margin expansion, operational efficiencies, and improving return on invested capital.
Challenges include negative adjusted EPS, cash flow usage, and high depreciation levels, while opportunities lie in significant industry demand and margin expansion targets.
Overall, MasTec's outlook for 2023 as an earnings transition year sets the stage for improved earnings power and long-term growth through strategic initiatives.

MasTec reports strong Q2 earnings, faces margin challenges ahead

MasTec's Q2 2023 performance showed revenue growth and margin improvement, but challenges in meeting revenue expectations and margin pressures persist.
The company is focused on operational efficiency, revenue diversification, and managing growth to capitalize on opportunities in various segments.
Despite margin concerns and revenue challenges, MasTec remains confident in its progress, customer relationships, and future earnings potential.
With a positive outlook for revenue growth, margin enhancement, and operational performance, MasTec is strategically positioned for future success and profitability.

MasTec reports robust Q3 performance, eyes growth amid challenges

MasTec's Q3 2023 showed strong financial performance but faced challenges in various segments impacting revenue estimates.
The company anticipates growth opportunities in Clean Energy, Power Delivery, and Communications segments for 2024.
Addressing tax equity concerns and focusing on margin expansion are key strategies for future success.
Despite challenges, MasTec remains confident in meeting margin targets and capitalizing on market demand in 2024.

MasTec reports strong Q4 earnings, eyes growth in Communications and Clean Energy

MasTec's Q4 2023 earnings call highlighted strong financial performance, challenges in certain segments, and positive outlooks for future growth opportunities. The company is focused on expanding its Communications and Clean Energy segments while navigating challenges in Power Delivery and labor capacity.
With a solid financial foundation and strategic growth initiatives, MasTec aims to capitalize on opportunities in Oil and Gas, Utilities, and Communications sectors. The company's focus on margin improvement and backlog growth positions it well for future success.
Despite challenges faced in 2023, MasTec remains optimistic about its growth prospects, especially in the Oil and Gas pipeline segment and Clean Energy business. By addressing challenges and leveraging opportunities, MasTec aims to drive sustainable growth and profitability.

MasTec reports strong Q1 earnings, raises full-year outlook significantly

MasTec is focused on scaling vertical offerings for revenue growth and margin improvement. The full-year outlook has been raised, with revenue expected to reach $12.55 billion and adjusted EPS of $2.95, a 50% improvement versus 2023.

MasTec reports robust Q2 earnings, eyes growth amid sector challenges

MasTec delivered strong financial results in Q2 2024, driven by robust performance in key segments and strategic project wins.
Despite challenges in the Power Delivery segment, the company remains optimistic about long-term growth prospects.
With a solid backlog, margin outperformance, and favorable market conditions, MasTec is poised for continued success and expansion.

MasTec reports strong Q3 performance, eyes margin improvement

MasTec's Q3 2024 results reflect a robust performance with record revenues and a positive outlook for margin improvement and value creation.
The company's strategic investments post-pandemic have positioned it for growth, supported by strong demand across all segments.
While challenges in sustaining growth persist, MasTec's focus on diversification, margin enhancement, and revenue growth presents opportunities for continued success.

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Why MasTec (MTZ) is a Top Growth Stock for the Long-Term

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Why Fast-paced Mover MasTec (MTZ) Is a Great Choice for Value Investors

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MasTec Is A Late Bloomer That's Finally Coming Into Its Own

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MasTec (MTZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MasTec (MTZ) Upgraded to Strong Buy: What Does It Mean for the Stock?

MasTec, Inc. MTZ reported better-than-expected second-quarter adjusted earnings results, after the closing bell on Thursday.

MasTec Analysts Increase Their Forecasts After Better-Than-Expected Earnings

MasTec, Inc. (NYSE:MTZ ) Q2 2024 Earnings Call August 2, 2024 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer Paul Dimarco - Executive Vice President and Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Neil Mehta - Goldman Sachs Sangita Jain - KeyBanc Alex Rygiel - B. Riley Andy Kaplowitz - Citigroup Justin Hauke - Robert W.

MasTec, Inc. (MTZ) Q2 2024 Earnings Call Transcript

MasTec's (MTZ) second-quarter 2024 results reflect increased contributions from the Oil and Gas segment, partially offset by soft contributions from other segments. Also, higher backlog levels showcase increased consumer confidence.

MasTec (MTZ) Q2 Earnings Beat, Revenues Lag, '24 View Revised

The headline numbers for MasTec (MTZ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About MasTec (MTZ) Q2 Earnings

MasTec (MTZ) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.89 per share a year ago.

MasTec (MTZ) Beats Q2 Earnings Estimates

Record Second Quarter 2024 Revenue of $3.0 Billion Second Quarter 2024 Diluted Earnings Per Share of $0.43 and Adjusted Diluted Earnings Per Share of $0.96, $0.08 Above Expectations Second Quarter 2024 GAAP Net Income of $43.8 Million and Adjusted EBITDA of $267.8 Million, $7.8 Million Above Expectations 18-month Backlog as of June 30, 2024 of $13.3 Billion Increased $501 Million Sequentially from the First Quarter of 2024 and Represents Record Levels for the Clean Energy and Infrastructure, Power Delivery and Communications Segments Cash Flow Generated by Operating Activities of $264 Million and DSO at 69 days CORAL GABLES, Fla. , Aug. 1, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced second quarter 2024 financial results and updated its full year 2024 guidance expectations.

MasTec Announces Second Quarter 2024 Financial Results and Updates Guidance for the Year

Get a deeper insight into the potential performance of MasTec (MTZ) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unlocking Q2 Potential of MasTec (MTZ): Exploring Wall Street Estimates for Key Metrics

MasTec (MTZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate MasTec (MTZ) to Report a Decline in Earnings: What to Look Out for

CORAL GABLES, Fla. , July 18, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended June 30, 2024, after the market closes on Thursday, August 1, 2024.

MasTec Schedules Second Quarter 2024 Earnings Release and Conference Call

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MasTec, Inc. has good growth prospects driven by 5G infrastructure expansion, federal funding, sustainability trends, and energy independence needs. Despite project execution issues impacting margins, improvements in bid discipline and execution are expected to drive margin growth. The stock is trading at a discount to its peer, Quanta Services, and has the potential for a valuation re-rating as execution improves and demand increases.

MasTec: Secular Trends, Regulatory Tailwinds, And Improving Execution Should Drive Upside

CORAL GABLES, Fla. , June 20, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has received valid consents from holders (the "Holders") of not less than a majority in principal amount of IEA's 6.625% Senior Notes due 2029 (the "IEA Notes") sufficient to adopt the Proposed Amendments (as defined herein) with respect to the IEA Notes Indenture (as defined herein) pursuant to the previously announced cash tender offer for any and all outstanding IEA Notes (the "Tender Offer") and the related solicitation of consents from the Holders of the IEA Notes (the "Consent Solicitation").

MasTec, Inc. Announces Results of Early Participation in Tender Offer and Consent Solicitation

Here's Why MasTec (MTZ) is a Strong Momentum Stock

CORAL GABLES, Fla. , June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced the pricing of its public offering of $550,000,000 aggregate principal amount of senior notes due 2029.

MasTec Announces Pricing of $550,000,000 of Senior Notes

CORAL GABLES, Fla. , June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has commenced a cash tender offer for any and all of its $225.1 million in outstanding principal amount of 6.625% Senior Notes due 2029 (the "IEA Notes") and the solicitation of consents from the holders (the "Holders") of the IEA Notes to adopt certain amendments to the IEA Indenture (as defined below) (the "Tender Offer").

MasTec Announces Commencement of Cash Tender Offer for IEA's 6.625% Senior Notes due 2029

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MasTec (MTZ) Stock Rallies 94% in 6 Months: Here's Why

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