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 North American infrastructure engineering and construction company whose news flow is closely tied to developments in communications, energy, utility and other infrastructure markets. The company’s press releases and SEC filings regularly cover quarterly financial results, segment performance and updates to financial guidance, giving readers insight into trends across its Communications, Clean Energy and Infrastructure, Power Delivery and Pipeline Infrastructure segments.
On this page, readers can follow MasTec news related to revenue growth, net income, adjusted EBITDA and changes in the company’s estimated 18‑month backlog by segment. Recent releases have discussed how project volumes and efficiencies in wireless and wireline/fiber, renewable energy projects, power delivery work and pipeline infrastructure activity affect segment revenue and margins. MasTec also uses news announcements to describe the mix of project activity, such as renewable projects, heavy civil work, transmission and distribution projects, and midstream pipeline projects.
MasTec’s news also includes earnings conference call schedules, webcasts and participation in investor conferences hosted by financial institutions. These items explain when management plans to discuss results and outlook, and they identify the Investors section of the company’s website as a recognized channel of distribution for presentations, webcasts and supplemental information. Additional news items may highlight corporate developments such as changes in investor relations leadership.
Investors, analysts and other interested readers can use this news feed to monitor MasTec’s reported financial performance, segment trends, backlog development and capital structure actions as disclosed in press releases and related communications. Checking this page regularly provides a consolidated view of MasTec’s public announcements over time.
MasTec's subsidiary, Casey Industrial, has secured a contract for the mechanical construction of PowerSouth's new Lowman Energy Center in Leroy, Alabama, set to replace the aging coal-fired plant. The project, expected to achieve substantial completion by December 2022, will feature a 640 MW capacity combined-cycle facility, utilizing Mitsubishi’s advanced gas turbine technology. This facility aims to significantly reduce carbon emissions by 65% compared to traditional coal plants, highlighting a shift towards sustainable energy solutions.
On January 5, 2021, Precision Pipeline, LLC, a subsidiary of MasTec (NYSE:MTZ), secured a contract from TC Energy for the construction of the Keystone XL Pipeline in Montana and South Dakota. The project will employ 1,600 American union workers and is expected to generate $55 million in annual property tax revenues. Precision Pipeline emphasizes local hiring and community involvement, aiming to enhance the safety and well-being of surrounding areas during construction. This initiative signifies a substantial investment in North America's infrastructure, fostering economic growth in local communities.
MasTec, Inc. (NYSE: MTZ) announces the passing of José S. Sorzano, a longtime independent Board Member, who served since 1995. CEO José Mas expressed deep sorrow over his loss, noting Sorzano's invaluable guidance and commitment to the company. Jorge Mas, Chairman of the Board, highlighted Sorzano's role in navigating challenges faced by MasTec during his tenure. With significant experience in governmental and international affairs, Sorzano's contributions were pivotal in shaping the company's growth. MasTec extends its condolences to his family while celebrating his legacy.
MasTec, Inc. (NYSE: MTZ) announced participation in fireside chats at the UBS Global TMT Conference on December 7 at 2:50 p.m. ET and the Barclays Global Technology, Media and Telecommunications Conference on December 9 at 3:30 p.m. ET. Senior management will also hold virtual one-on-one meetings with institutional investors. Presentation materials will be available on the company's Investors page, along with replay options for 30 days.
MasTec, Inc. (NYSE: MTZ) will participate in the 8th Annual Credit Suisse Virtual Industrials Conference on December 2 at 9:30 a.m. ET. The event includes a fireside chat with senior management and arrangements for virtual one-on-one meetings with institutional investors. Audio and presentation materials will be available on MasTec's website, with a replay accessible for 30 days post-event. MasTec specializes in infrastructure construction across North America, focusing on communications, energy, and utility sectors.
MasTec, Inc. (MTZ) reported Q3 2020 revenue of $1.7 billion, exceeding expectations, with a net income of $116.9 million ($1.59 EPS). Year-to-date revenue reached $4.7 billion, with cash flow from operations at a record $712.5 million, allowing for a $296 million reduction in net debt to $1.07 billion. The company expects 2020 revenue between $6.4 to $6.6 billion, with adjusted EBITDA of $800 to $811 million. Notably, non-Oil & Gas segments showed an 83% increase in adjusted EBITDA year-over-year.
MasTec, Inc. (NYSE: MTZ) will release its Q3 2020 financial results on October 29, 2020, after market close. A conference call to discuss these results is scheduled for October 30, 2020, at 9:00 a.m. ET. Interested parties can join via phone at (323) 794-2094 or (800) 347-6311, with a replay available for 30 days. MasTec is an infrastructure construction company primarily serving North America, focusing on communication, energy, and utility sectors.
MasTec (NYSE:MTZ) has partnered with Brightstar Corp. to provide mobile device repair services to over 85% of the U.S. population. This alliance aims to enhance customer convenience and experience by integrating Brightstar’s expertise with MasTec’s fleet of 3,000+ service vans. The service prioritizes safety through contact-free repairs and thorough sanitization of devices. As highlighted by the executives from both companies, this initiative is designed to meet the growing demand for reliable, flexible repair options, especially during the ongoing pandemic.
MasTec, Inc. (NYSE: MTZ) will participate in two upcoming virtual conferences: the Morgan Stanley 6th Annual Laguna Virtual Conference on September 16 at 12:00 p.m. ET and the D.A. Davidson Diversified Industrials and Services Virtual Conference on September 22 at 3:15 p.m. ET. Senior management will engage in fireside chats, with one-on-one virtual meetings available for institutional investors. Presentations and audio will be accessible on the company's website for about 30 days after the events.
MasTec, Inc. (NYSE: MTZ) will participate in a fireside chat at the KeyBanc Capital Markets Future of Technology Series Virtual Conference on August 12 at 10:00 a.m. ET. The event will feature one-on-one virtual meetings with institutional investors as part of the conference. Interested parties can access the audio and presentation materials on MasTec's website. The presentation will be available for replay for about 30 days. MasTec is a leading infrastructure construction company focusing on communication, energy, and utility sectors.