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.
MasTec, Inc. (NYSE: MTZ) announced it will release its Q1 2023 operational results on May 4, 2023, after market close. A conference call is scheduled for May 5, 2023, at 9:00 a.m. Eastern time, to discuss these results. Interested parties can dial (856) 344-9221 or (888) 254-3590, using the confirmation code 9075337. The call will also be available for live streaming on MasTec's investor relations website and will be archived for 60 days. MasTec primarily operates in North America, focusing on infrastructure construction across various sectors including energy, utilities, and communications.
MasTec reported a substantial revenue increase of 66.3% to $3.0 billion for Q4 2022, with annual revenue up 23% to $9.8 billion. However, GAAP net income fell to $3.4 million from $76.4 million year-over-year. The company completed the acquisition of Infrastructure and Energy Alternatives and reduced net debt by $350 million in Q4. MasTec's 2023 guidance anticipates record revenue of $13 billion and GAAP net income between $194 million and $212 million. The backlog reached a record $13.0 billion, indicating a 31% year-over-year increase.
MasTec, Inc. (NYSE: MTZ) will announce its fourth-quarter and annual earnings for 2022 after market close on February 23, 2023. A conference call to discuss the results will take place on February 24, 2023, at 9:00 a.m. Eastern Time. Investors can join the call by dialing (856) 344-9221 or (888) 394-8218, using confirmation code 1221549. The call will also be streamed live on the company's website, www.mastec.com, with a replay available for 30 days. MasTec operates across North America, focusing on infrastructure construction covering various sectors, including energy and communications.
MasTec, Inc. (NYSE: MTZ) announced its participation in the Goldman Sachs Global Energy and Clean Technology Investor Conference on January 5 at 1:00 p.m. ET. Senior management will engage in an analyst fireside chat, with one-on-one meetings with institutional investors also organized. Interested parties can access the audio through the Investors page of MasTec's website. This presentation will be available for replay for about 30 days. MasTec is a leading infrastructure company in North America, focusing on various sectors including energy and communications.
MasTec, Inc. (NYSE: MTZ) announced the upcoming retirement of CFO George L. Pita, effective March 31, 2023, and the promotion of Paul DiMarco to Executive Vice President and CFO. Under Pita’s leadership, the company’s annual revenue grew from $3.7 billion to an expected $13 billion. DiMarco, a long-time MasTec executive, brings over 15 years of experience, including his role as CFO of the Power Delivery Segment. Both executives emphasized the company's strong future and commitment to infrastructure growth across North America.
MasTec, Inc. (NYSE: MTZ) will participate in a fireside chat at the Credit Suisse Global Industrials Conference on December 1 at 11:00 a.m. Eastern Time. The event will include one-on-one meetings with institutional investors. Audio and presentation materials will be accessible on MasTec's website. The presentation will also be available for replay for 30 days. MasTec operates across multiple industries in North America, focusing on infrastructure construction related to energy, communications, and utilities.
Burrell Aviation has signed a national design-build master service agreement with Lemartec, a MasTec Company, to enhance infrastructure at regional municipal airports. This collaboration aims to boost air cargo services, fostering economic growth in local communities. John Carver, CEO of Burrell Aviation, emphasized the need for new investments in non-passenger infrastructure. The partnership leverages the extensive experience of MasTec in large-scale projects, focusing on creating opportunities and improving the aviation capabilities of smaller airports across the country.
MasTec, Inc. (NYSE: MTZ) announced a rescheduling of its senior management fireside chat at the R.W. Baird Global Industrial Institutional Investor Conference to November 8, 2022, at 5:15 p.m. Central Time. The event can be accessed via the MasTec website. The presentation will also be available for replay online for approximately 30 days. MasTec focuses on infrastructure construction across various sectors, including communications, energy, and utility services throughout North America.
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