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.

Earnings data Q1 2021

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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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Third Quarter 2022 Revenue Increased to $2.5 Billion with a 38% Year Over Year Increase in Non-Oil & Gas Segment Revenue GAAP Net Income of $49.2 Million, Diluted Earnings Per Share of $0.65 and Adjusted Diluted Earnings Per Share of $1.34 Adjusted EBITDA of $246 Million or 9.8% of Revenue, a 200-Basis Point Sequential Improvement Over Second Quarter Record 18-Month Backlog as of September 30, 2022 of $11.2 Billion, a Sequential Increase of $222 Million and a $2.7 Billion Increase Over the Same Quarter Last Year Annual 2022 Guidance Updated to $9.7 Billion in Revenue, GAAP Net Income of $50 Million, Adjusted EBITDA of $780 million and Adjusted Diluted Earnings Per Share of $3.02 CORAL GABLES, Fla. , Nov. 3, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2022 third quarter financial results and updated its view for annual 2022 financial results, inclusive of the IEA acquisition completed on October 7, 2022.

MasTec Announces Third Quarter 2022 Financial Results with Record Backlog and Updated Annual 2022 Guidance

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CORAL GABLES, Fla., Oct. 27, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the R.W.

MasTec Senior Management to Present at the Robert W. Baird 2022 Global Industrial Investor Conference

CORAL GABLES, Fla. , Oct. 24, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) (the "Company") today announced the expiration and final results of (i) its private exchange offer to certain Eligible Holders (as defined herein) (the "Exchange Offer") for any and all outstanding 6.625% Senior Notes due August 15, 2029 (the "IEA Existing Notes") issued by IEA Energy Services LLC (the "IEA Issuer"), a subsidiary of Infrastructure and Energy Alternatives, Inc. ("IEA"), for up to an aggregate principal amount of $300,000,000 of new 6.625% MasTec Senior Notes due August 15, 2029 to be issued by the Company (the "MTZ Exchange Notes"), and (ii) the related consent solicitation (the "Consent Solicitation") with respect to the IEA Existing Notes to eliminate or modify certain of the covenants, restrictive provisions and events of default (the "Proposed Amendments") in the indenture, dated as of August 17, 2021 (the "IEA Existing Indenture"), governing the IEA Existing Notes.

MasTec, Inc. Announces Expiration and Final Results of Exchange Offer and Consent Solicitation

CORAL GABLES, Fla. , Oct. 21, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended September 30, 2022, after the market closes on Thursday, November 3, 2022.

MasTec Schedules Third Quarter 2022 Earnings Release and Conference Call

CORAL GABLES, Fla. , Oct. 17, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) (the "Company") today announced its amendment of the terms of its private exchange offer to certain Eligible Holders (as defined herein) (the "Exchange Offer") for any and all outstanding 6.625% Senior Notes due August 15, 2029 (the "IEA Existing Notes") issued by IEA Energy Services LLC (the "IEA Issuer"), a subsidiary of Infrastructure and Energy Alternatives, Inc. ("IEA"), for up to an aggregate principal amount of $300,000,000 of new 6.625% MasTec Senior Notes due August 15, 2029 issued by the Company (the "MTZ Exchange Notes").

MasTec, Inc. Announces Amendment of Exchange Offer and Consent Solicitation

MasTec (MTZ) boosts its green power construction and maintenance capacity with the IEA buyout.

MasTec (MTZ) Buys IEA, Expands Renewable Energy Business

MasTec, Inc. enjoyed a strong 2021 and made some deals in an attempt to surpass the $10 billion revenue mark in 2022. This has not come to fruition amidst supply chain issues and project delays.

MasTec, Inc.: Leaving Me Far From Electrified

Infrastructure & Energy Alternatives

CORAL GABLES, Fla. , Oct. 7, 2022 /PRNewswire/ -- MasTec (NYSE: MTZ) ("MasTec") and Infrastructure and Energy Alternatives, Inc. ("IEA") (Nasdaq: IEA) today announced that MasTec has completed the previously announced acquisition of IEA, one of the largest utility-scale renewable energy infrastructure solutions providers in North America, following approval by the IEA stockholders at a special meeting held on October 7, 2022.

MasTec Completes the Previously Announced Acquisition of Infrastructure and Energy Alternatives, Inc.

MasTec (MTZ) gains from the country's clean energy drive and acquisitions. Yet, inflationary pressure and the oil and gas segment remain a risk.

Focus on Non-Oil & Gas Segments Aid MasTec (MTZ), Ail Inflation

CORAL GABLES, Fla. and INDIANAPOLIS , Sept.

MasTec and IEA Announce Expiration of Hart-Scott-Rodino Waiting Period for their Pending Transaction

CORAL GABLES, Fla. , Sept. 1, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in a fireside chat at Morgan Stanley's 10th Annual Laguna Investor Conference on Thursday, September 15 th at approximately 7:55 p.m.

MasTec Senior Management to Participate in the Stifel, Morgan Stanley and D.A. Davidson Institutional Investor Conferences

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Infrastructure and Energy Alternatives, Inc. ("IEA") (NasdaqCM: IEA) to MasTec, Inc. (NYSE: MTZ). Under the terms of the proposed transaction, shareholders of IEA will receive $14.00 per share, comprised of $10.50 per share in cash and 0.0483 of a MasTec share for each share of IEA that they own. KSF is seekin

INFRASTRUCTURE AND ENERGY ALTERNATIVES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infrastructure and Energy Alternatives, Inc. - IEA

CORAL GABLES, Fla. , Aug. 8, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) (the "Company") announced its commencement of a private exchange offer to certain Eligible Holders (as defined herein) (the "Exchange Offer") for any and all outstanding 6.625% Senior Notes due August 15, 2029 (the "IEA Existing Notes") issued by IEA Energy Services LLC (the "IEA Issuer"), a subsidiary of Infrastructure and Energy Alternatives, Inc. ("IEA"), for up to an aggregate principal amount of $300,000,000 of new 6.625% MasTec Senior Notes due August 15, 2029 issued by the Company (the "MTZ Exchange Notes").

MasTec, Inc. Announces Commencement of Exchange Offer and Consent Solicitation

MasTec, Inc. (NYSE:MTZ ) Q2 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer George Pita - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Neil Mehta - Goldman Sachs Marc Bianchi - Cowen Noelle Dilts - Stifel Jamie Cook - Credit Suisse Andy Kaplowitz - Citigroup Steven Fisher - UBS Justin Hauke - Robert W.

MasTec, Inc. (MTZ) CEO Jose Mas on Q2 2022 Results - Earnings Call Transcript

MasTec (MTZ) second-quarter results reflect end-market growth opportunities across the Communications, Clean Energy & Infrastructure and Power Delivery segments. However, inflation and costs hurt.

MasTec's (MTZ) Q2 Earnings Meet & Revenues Beat Estimates

MasTec (MTZ) delivered earnings and revenue surprises of 0% and 2.42%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

MasTec (MTZ) Matches Q2 Earnings Estimates

Second Quarter 2022 Revenue Increased Approximately 17% to $2.3 Billion Over the Same Quarter Last Year  GAAP Net Income of $16.3 Million, Adjusted EBITDA of $179 Million, Diluted Earnings Per Share of $0.20 and Adjusted Diluted Earnings Per Share of $0.73 Record 18-Month Backlog as of June 30, 2022 of $11.0 Billion, a Sequential Increase of $360 Million and a $1.8 Billion Increase Over the Same Quarter Last Year CORAL GABLES, Fla. , Aug. 4, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2022 second quarter financial results and its view for annual 2022 financial results, in line with previously announced guidance expectations.

MasTec Announces Second Quarter 2022 Financial Results Confirming Annual 2022 Guidance with Record Backlog

CORAL GABLES, Fla. , Aug. 3, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its CEO, Jose Mas, will be participating in a fireside chat with our covering analyst at the 8th Annual Cowen Communications Infrastructure Summit on Tuesday, August 9 th at approximately 10:45 a.m.

MasTec's CEO Jose Mas to Present at the Cowen Communications Infrastructure Conference

MasTec (MTZ) to generate cost savings of $10 million post-IEA acquisition.

MasTec (MTZ) to Buy IEA for $1.1B, Updates 2nd Half 2022 View

NEW YORK , July 25, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Infrastructure and Energy Alternatives, Inc. ("IEA" or the "Company") (NASDAQ: IEA), in connection with the proposed acquisition of the Company by MasTec, Inc. ("MasTec") (NYSE: MTZ). Under the terms of the merger agreement, the Company's shareholders will receive $14.00 per share in cash and 0.0483 shares of MasTec common stock for each IEA share owned, representing implied per-share merger consideration of approximately $49.03 based upon MasTec's July 22, 2022 closing price of $72.52.

SHAREHOLDER ALERT: Weiss Law Investigates Infrastructure and Energy Alternatives, Inc.

Wilmington, Delaware--(Newsfile Corp. - July 25, 2022) - Rigrodsky Law, P.A. is investigating Infrastructure and Energy Alternatives, Inc. ("Infrastructure") (NASDAQ CM: IEA) regarding possible breaches of fiduciary duties and other violations of law related to Infrastructure's agreement to be acquired by MasTec, Inc. ("MasTec") (NYSE: MTZ). Under the terms of the agreement, Infrastructure's shareholders will receive $10.50 per share in cash and 0.0483 MasTec shares for each Infrastructure share they own.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Infrastructure and Energy Alternatives, Inc. Buyout

INFRASTRUCTURE AND ENERGY ALTERNATIVES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infrastructure and Energy Alternatives, Inc. - IEA

NEW YORK , July 25, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) and its board of directors concerning the proposed acquisition of the company by MasTec (NYSE: MTZ). Stockholders will receive $10.50 in cash and 0.0483 shares of MasTec common stock for each share of Infrastructure and Energy Alternatives stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Infrastructure and Energy Alternatives, Inc.

The construction company is doing a big deal in a tough operating environment.

News for MasTec Stock (MTZ)