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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Record Second Quarter 2023 Revenue Increased 25% Over Same Quarter Last Year to $2.9 Billion Second Quarter 2023 Results Include GAAP Net Income of $16.8 Million with Adjusted Net Income of $70.7 Million Adjusted EBITDA Increased 43% to $255.4 Million, Diluted Earnings Per Share of $0.20 and Adjusted Diluted Earnings Per Share of $0.89, with Adjusted Diluted Earnings Per Share Exceeding Guidance Expectations by $0.03. Annual 2023 Guidance Range Updated to Revenue of $12.7 Billion to $13.0 Billion, GAAP Net Income of $111 Million to $141 Million, Adjusted EBITDA of $1.05 Billion to $1.10 Billion, Diluted Earnings Per Share of $1.38 to $1.77 and Adjusted Diluted Earnings Per Share of $3.75 to $4.19 CORAL GABLES, Fla.

MasTec Announces Second Quarter 2023 Financial Results with Record Revenue and Updates Guidance for the Year

MasTec Inc. ( MTZ , Financial), a leading infrastructure construction company, is currently trading at $121.66 with a market capitalization of $9.59 billion. The company's stock price has seen a gain of 3.32% today and a 2.98% increase over the past four weeks.

MasTec Inc. (MTZ): A Construction Giant with Good Outperformance Potential

CORAL GABLES, Fla. , July 20, 2023 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended June 30, 2023, after the market closes on Thursday, August 3, 2023.

MasTec Schedules Second Quarter 2023 Earnings Release and Conference Call

Fintel reports that on July 12, 2023, Goldman Sachs maintained coverage of Mastec (MTZ) with a Buy recommendation.

Goldman Sachs Maintains Mastec Buy Recommendation

MasTec Inc. has experienced significant share price growth and operational expansion, with strategic acquisitions contributing to its growth. MTZ's effective utilization of free cash flow and strong financial performance position it well for long-term growth. However, a discounted cash flow analysis indicates overvaluation, suggesting caution for investors considering the stock.

MasTec: Allocation Of FCF Towards Acquisitions Fostering Growth

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MasTec, Inc. (NYSE:MTZ ) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer Paul Dimarco - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Justin Hauke - Robert W.

MasTec, Inc. (MTZ) Q1 2023 Earnings Call Transcript

MasTec's (MTZ) first-quarter 2023 results reflect project inefficiencies and a major shift in 2023 operations to non-Oil & Gas segments.

MasTec's (MTZ) Q1 Earnings & Revenues Top, Q2 View Updated

MasTec (MTZ) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.03 per share a year ago.

MasTec (MTZ) Reports Q1 Loss, Tops Revenue Estimates

First Quarter 2023 Revenue Increased 32% Over Same Quarter Last Year First Quarter 2023 Results Include GAAP Net Loss of $80.5 Million, Adjusted EBITDA of $102.5 Million, Diluted Loss Per Share of $1.05 and Adjusted Diluted Loss Per Share of $0.54, Exceeding Guidance Expectations by $0.07 and $0.03 Per Share, Respectively Record 18-month Backlog as of March 31, 2023 of $13.9 Billion, a 31% increase Over the Same Quarter Last Year Annual 2023 Guidance Range Includes Revenue of $13.0 to $13.2 Billion, GAAP Net Income of $165 to $200 Million, Adjusted EBITDA of $1.10 to $1.15 Billion, Diluted Earnings Per Share of $2.11 to $2.55 and Adjusted Diluted Earnings Per Share of $4.35 to $4.85 CORAL GABLES, Fla. , May 4, 2023 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2023 first quarter financial results and updated its full year 2023 guidance range expectation.

MasTec Announces First Quarter 2023 Financial Results with Record Backlog and Updates Guidance for the Year

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

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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

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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

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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

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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.

News for MasTec Stock (MTZ)