STOCK TITAN

MasTec, Inc. - MTZ STOCK NEWS

Welcome to our dedicated page for MasTec news (Ticker: MTZ), a resource for investors and traders seeking the latest updates and insights on MasTec stock.

MasTec, Inc. (NYSE: MTZ) is a prominent infrastructure construction company primarily serving North America. Founded over 80 years ago, MasTec has developed extensive expertise in the engineering, building, installation, maintenance, and upgrade of communication, energy, utility, and other infrastructure. The company's diverse service offerings span across various industries, including communications, oil and gas, utility, renewable energy, and power delivery.

MasTec operates through five key segments:

  • Communications: This segment focuses on wireless, wireline/fiber, and customer fulfillment activities.
  • Clean Energy and Infrastructure: Specializing in power generation from clean and renewable sources.
  • Oil and Gas: Handling natural gas pipeline construction and distribution infrastructure.
  • Power Delivery: Including transmission, distribution, and environmental planning and compliance services.
  • Other: Encompassing heavy civil, industrial infrastructure, and environmental remediation services.

With offices across the country, MasTec employs nearly 12,000 skilled professionals and boasts an extensive fleet of specialized construction equipment. This allows the company to manage large-scale, complex projects and deliver quality work reliably. The company's financial stability and ability to scale operations make it a preferred partner for customers with changing needs.

In recent developments, MasTec has been involved in significant projects and strategic partnerships, including:

  • The Mountain Valley Pipeline project, a large-scale natural gas pipeline.
  • Expansion into clean energy projects to address the growing demand for renewable energy sources.
  • Collaborations with major industry players to enhance communication infrastructure across North America.

MasTec's commitment to innovation is evident in its investment in new technologies and processes to improve project efficiency and environmental sustainability. Financially, the company has demonstrated resilience, with strong cash flow generation and a strategic focus on debt reduction.

For the latest updates, financial results, and upcoming events, investors can access webcast presentations and detailed financial reports through MasTec's corporate website.

Rhea-AI Summary
MasTec, Inc. (MTZ) announced the release of Q1 2024 results on May 2, 2024, followed by a conference call on May 3, 2024. The company operates in infrastructure construction across North America, focusing on communications, energy, utility, and other sectors. MasTec's diverse services include power delivery, power generation, pipeline infrastructure, heavy civil, and industrial infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
-
Rhea-AI Summary
MasTec, Inc. announces record fourth-quarter and annual revenue, strong cash flow, and initial 2024 guidance. The company achieved a 95% increase in cash flow from operations in 2023, with a reduction in net debt. They issued guidance for 2024, expecting a 4% increase in revenue over 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.44%
Tags
-
Rhea-AI Summary
MasTec, Inc. (MTZ) announced the release of its Q4 2023 and full-year financial results, with a conference call scheduled for March 1, 2024. The company operates in infrastructure construction across North America, focusing on various industries. MasTec's activities include power delivery services, power generation from clean energy sources, pipeline infrastructure, heavy civil, and industrial infrastructure. The company's website serves as a key channel for important updates and information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
Rhea-AI Summary
MasTec, Inc. (NYSE: MTZ) senior management to participate in UBS Industrials Summit Investor Conference. The company is a leading infrastructure construction company operating mainly throughout North America across a range of industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
conferences
-
Rhea-AI Summary
MasTec, Inc. (NYSE: MTZ) announced that its senior management will be participating in a fireside chat at the R.W. Baird Global Industrial Institutional Investor Conference on November 8th. One-on-one meetings with institutional investors are also being arranged. The audio and presentation materials can be accessed on MasTec's website. The presentation will be available for replay for approximately 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences
-
Rhea-AI Summary
MasTec, Inc. announced its 2023 third quarter financial results and updated full-year guidance. The company reported record revenue of $3.26 billion and adjusted net income of $76 million. However, delays in certain Clean Energy and Infrastructure projects and deferral of planned activity in the Communications and Power Delivery segments impacted the results. MasTec expects significant backlog growth and mid to high single-digit revenue growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.6%
Tags
Rhea-AI Summary
MasTec, Inc. announces Q3 2023 earnings release and conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.4%
Tags
-
Rhea-AI Summary
MasTec, Inc. (NYSE: MTZ) has announced that its senior management will be participating in fireside chats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.69%
Tags
Rhea-AI Summary
MasTec, Inc. (NYSE: MTZ) announced the release of Q2 2023 results on August 3, 2023, followed by a conference call on August 4, 2023. The company operates in infrastructure construction, energy, and utility sectors across North America. Visit www.mastec.com for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags

FAQ

What is the current stock price of MasTec (MTZ)?

The current stock price of MasTec (MTZ) is $135.32 as of November 15, 2024.

What is the market cap of MasTec (MTZ)?

The market cap of MasTec (MTZ) is approximately 10.8B.

What industries does MasTec serve?

MasTec serves the communications, oil and gas, utility, renewable energy, and power delivery industries.

What are MasTec's primary activities?

MasTec specializes in the engineering, building, installation, maintenance, and upgrade of various infrastructures, including communications and energy.

How does MasTec ensure quality in its projects?

MasTec employs nearly 12,000 skilled professionals and utilizes an extensive fleet of specialized construction equipment to deliver high-quality work.

What recent projects has MasTec been involved in?

Recent projects include the Mountain Valley Pipeline and various clean energy initiatives to meet the growing demand for renewable energy.

Where can I find the latest financial results for MasTec?

Investors can access the latest financial results and webcast presentations through MasTec's corporate website in the investor relations section.

How does MasTec support environmental sustainability?

MasTec invests in new technologies and processes to improve project efficiency and minimize environmental impact, especially in renewable energy projects.

What strategic partnerships has MasTec formed recently?

MasTec has partnered with major industry players to enhance communication infrastructure and expand its renewable energy project portfolio.

How does MasTec manage large-scale projects?

With extensive experience, skilled professionals, and specialized equipment, MasTec effectively manages large-scale and complex infrastructure projects.

What is MasTec's approach to financial stability?

MasTec focuses on strong cash flow generation, strategic debt reduction, and financial stability to support its operations and growth.

What future opportunities does MasTec see?

MasTec anticipates strong demand for its services in power delivery, clean energy, and communications, positioning the company for future growth.

MasTec, Inc.

NYSE:MTZ

MTZ Rankings

MTZ Stock Data

10.80B
79.24M
21.55%
77.67%
3.19%
Engineering & Construction
Water, Sewer, Pipeline, Comm & Power Line Construction
Link
United States of America
CORAL GABLES