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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MasTec: Marching Forward

CORAL GABLES, Fla. , Dec. 22, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) announced today the release of its 2021 Sustainability Report.

MasTec Releases 2021 Sustainability Report

MasTec (MTZ) to expand in the fast-growing electric utility services market with the buyout of Henkels.

MasTec (MTZ) to Acquire Henkels, Expand Market Presence

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MasTec, Inc. (NYSE: MTZ) has agreed to acquire Henkels & McCoy Group Inc. for total consideration of $600 million. The purchase price consists of ~$420 million in cash, including the repayment of Henkels' debt, plus ~2 million MasTec shares.

MasTec To Acquire Henkels & McCoy For $600M

CORAL GABLES, Fla., Dec. 20, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it has entered into a definitive agreement to acquire Henkels & McCoy Group Inc.  (Henkels), one of the largest U.S. private electrical power transmission and distribution utility services firm and the 14th largest U.S. specialty contractor according to the recent 2021 Engineering News-Record ranking.

MasTec to Acquire Henkels & McCoy, a Premier Utility Services Provider

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CORAL GABLES, Fla., Nov. 23, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Credit Suisse Industrials Virtual Conference on Thursday, December 2 nd at approximately 1:30 p.m.

MasTec Senior Management to Present at the Credit Suisse, UBS and Barclays Virtual Investor Conferences in December

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Why MasTec Shares Shot 6% Higher on Monday

CORAL GABLES, Fla., Nov. 8, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Baird Global Industrial Virtual Investor Conference on Wednesday, November 10 th at approximately 10:15 a.m.

MasTec Senior Management to Present at the 2021 Baird Global Industrial Investor Conference

MasTec, Inc. (MTZ) CEO Jose Mas on Q3 2021 Results - Earnings Call Transcript

MasTec (MTZ) posts Q3 results, which reflect lower margins across its three segments. Yet, it has solid end-market opportunities across non-Oil & Gas segments.

MasTec (MTZ) Stock Down Despite Q3 Earnings & Revenue Beat

MasTec (MTZ) delivered earnings and revenue surprises of 7.10% and 5.22%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MasTec (MTZ) Tops Q3 Earnings and Revenue Estimates

CORAL GABLES, Fla., Nov. 4, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced third quarter 2021 financial results and updated its guidance for the remainder of 2021.

MasTec Announces Strong Third Quarter 2021 Earnings Results and Updates Annual Guidance

CORAL GABLES, Fla., Oct. 25, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended September 30, 2021 after the market closes on Thursday, November 4, 2021.

MasTec Schedules Third Quarter 2021 Earnings Release and Conference Call

MasTec's downtrend creates a good entry point. Fair value of around $120 justified.

Why MasTec Is A Great Diversified Company To Buy

Goldman Sachs analyst Neil Mehta initiated MasTec, Inc. (NYSE:MTZ) coverage with a Buy rating and a price target of $120, implying an upside of 32.74%. Mehta says the company is levered to long-term secular growth trends, including the modernization and hardening of America's aging utility infrastructure, the transition toward renewable power generation, and the nationwide buildout of optical fiber and 5G telecommunications infrastructure.

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CORAL GABLES, Fla., Sept. 7, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be presenting at the Morgan Stanley Laguna Virtual Conference on Tuesday, September 14 th at approximately 3:45 p.m.

MasTec Senior Management to Present at the Morgan Stanley and DADCO Virtual Investor Conferences

MasTec (MTZ) gains from the country's clean energy drive and acquisitions. Yet, volatility in the energy market remains a risk.

Focus on Clean Energy Aids MasTec (MTZ) Amid Challenges

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News for MasTec Stock (MTZ)