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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MasTec (MTZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will MasTec (MTZ) Beat Estimates Again in Its Next Earnings Report?

MasTec (MTZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MasTec (MTZ) Expected to Beat Earnings Estimates: Should You Buy?

CORAL GABLES, Fla. , April 24, 2023 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended March 31, 2023, after the market closes on Thursday, May 4, 2023.

MasTec Schedules First Quarter 2023 Earnings Release and Conference Call

Dycom Industries

EMCOR Group

Granite Construction

Growth across telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, MTZ, DY and GVA from the Zacks Building Products - Heavy Construction industry despite macroeconomic headwinds.

4 Stocks to Watch From the Prosperous Heavy Construction Industry

Albemarle

American Superconductor

Array Technologies

Clearway Energy

ReneSola

TransAlta

Clean energy stocks are expected to see continued growth. According to the U.S. Energy Information Administration, U.S. power generation from new renewables (primarily wind and solar) is expected to reduce coal and natural gas-fired energy production through 2024 at least.

The 7 Best Clean Energy Stocks to Buy in 2023

MasTec's revenue in the near term should benefit from healthy backlog levels and acquisitions. In the long term, the company should benefit from government funding for clean energy, a shift towards renewable sources, and 5G deployment.

MasTec: Solid Upside Potential From Backlogs, Acquisitions

Ameresco

Atkore International Group

ConocoPhillips

Eaton

First Solar

Chart Industries

SolarEdge Technologies

Till Bechtolsheimer is the co-founder, CEO and portfolio manager at Arosa Capital Management.

These Are the Top 10 Holdings of Till Bechtolsheimer

MasTec, Inc. (NYSE:MTZ ) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants Marc Lewis - VP, IR Jose Mas - CEO George Pita - EVP and CFO Paul Dimarco - Incoming CFO Conference Call Participants Steven Fisher - UBS Andy Kaplowitz - Citigroup Jamie Cook - Credit Suisse Alex Rygiel - B. Riley Justin Hauke - Robert Baird Noelle Dilts - Stifel Brent Thielman - D.A.

MasTec, Inc. (MTZ) Q4 2022 Earnings Call Transcript

MasTec (MTZ) benefits from acquisitions made over the past two years and improvements in the telecom business in the fourth quarter.

MasTec's (MTZ) Q4 Earnings & Revenues Beat, 2023 Views Strong

Fourth Quarter 2022 Results Include GAAP Net Income of $3.4 Million, Adjusted EBITDA of $258 Million, Diluted Earnings Per Share of $0.04 and Adjusted Diluted Earnings Per Share of $1.03 Successfully Completed IEA Acquisition, with Significant Post-Acquisition Net Debt Reduction During the Quarter Record 18-Month Backlog as of December 31, 2022 of $13.0 Billion, a 31% Increase Over 2021 Annual 2023 Guidance Includes Revenue of $13.0 Billion, a 33% Increase Over 2022, GAAP Net Income Between $194 and $212 Million, Adjusted EBITDA Between $1.10 and $1.15 Billion, with Diluted Earnings Per Share Between $2.48 and $2.70, and Adjusted Diluted Earnings Per Share Between $4.64 and $4.91.  CORAL GABLES, Fla.

MasTec Announces Fourth Quarter and Annual 2022 Financial Results

CarGurus

Chord Energy Corp

Darling Ingredients

ICON

ServiceNow

Planet Fitness

S&P Global

Vici Properties

A sharp selloff in growth stocks creates opportunity for keen investors. Here are nine top-rated picks to consider.

The 9 Best Growth Stocks to Buy Right Now

CORAL GABLES, Fla. , Feb. 6, 2023 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter and year ended December 31, 2022, after the market closes on Thursday, February 23, 2023.

MasTec Schedules Fourth Quarter 2022 Earnings Release and Conference Call

Enphase Energy

Freyr Battery Inc

Green Plains

Maxeon Solar Technologies

Tesla

President Joe Biden signed the Inflation Reduction Act (IRA) into law in August. Then he followed up with the fiscal 2023 omnibus appropriations bill on Dec. 23.

20 stocks expected by Goldman Sachs to gain the most from Washington's clean-energy spending

Rising security concern over weather-ravaged North American electrical grid, coupled with large auto energy-fuel conversion from gasoline to electricity? That is MasTec's principal business. “Likely” is the keyword in uncertain-future forecasts, where profit-margin capture and stock-price increases are a combination of corporate managerial skills and current market circumstances.

MasTec: Best Near-Term Electrical Infrastructure Rebuilding Cap-Gain Wealthbuilder

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

Is MasTec's (MTZ) Stock Poised for a Turnaround in 2023?

CORAL GABLES, Fla. , Dec. 29, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in an analyst fireside chat at the Goldman Sachs Global Energy and Clean Technology Investor Conference on Thursday, January 5 th at approximately 1:00 p.m.

MasTec Senior Management to Present at the Goldman Global Energy and Clean Technology Conference

CORAL GABLES, Fla. , Dec. 21, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that George L.

MasTec Announces Planned 2023 Executive Transitions -Retirement of George Pita and the Planned Promotion of Paul DiMarco to Executive Vice President and Chief Financial Officer

Constellation Energy Corp

Enovix Corporation

Knight-Swift Transportation Holdings

NextEra Energy

Quanta Services

Stem, Inc

James (“Jos”) Shaver is the Managing Partner and Chief Investment Officer at Electron Capital Partners.

These Are the Top 10 Holdings of Jos Shaver

Focus on renewable power generation, power grid modernization and civil infrastructure services to benefit MasTec (MTZ) amid inflationary pressures.

MasTec (MTZ) Stock Sees 17.8% One-Month Gains Amid Inflation

CORAL GABLES, Fla. , Nov. 23, 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 Credit Suisse Global Industrials Conference on Thursday, December 1 st at approximately 11:00 a.m.

MasTec Senior Management to Present at the Credit Suisse Global Industrials Conference

ASPEN, Colo. , Nov. 9, 2022 /PRNewswire/ -- Burrell Aviation has formalized a national design-build master service agreement with Lemartec, a MasTec Company.

BURRELL AVIATION ANNOUNCES NEW NATIONWIDE MASTER SERVICE AGREEMENT TO MODERNIZE INFRASTRUCTURE AT MULTIPLE U.S. AIRPORTS

A strong earnings report sent shares sharply higher today.

Why MasTec's Shares Jumped 17.2% on Friday

MasTec, Inc. (NYSE:MTZ ) Q3 2022 Results Conference Call November 4, 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 Justin Hauke - Robert W. Baird Alex Rygiel - B.

MasTec, Inc. (MTZ) Q3 2022 Earnings Call Transcript

MasTec (MTZ) third-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) Q3 Earnings Beat, Revenues Miss Estimates

CORAL GABLES, Fla. , Nov. 4, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management's fireside chat presentation with its covering analyst at the R.W.

News for MasTec Stock (MTZ)