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. reports news on its North American infrastructure engineering and construction business, including engineering, building, installation, maintenance and upgrade work for communications, energy, utility and other infrastructure markets. The company operates through Communications, Power Delivery, Pipeline Infrastructure, and Clean Energy and Infrastructure segments, covering wireless and wireline/fiber networks, transmission and distribution, natural gas pipeline and distribution infrastructure, renewable energy, heavy civil and industrial infrastructure.
Recurring MasTec developments include quarterly and annual results, financial guidance, backlog updates, segment revenue trends, project mix and margin commentary, capital allocation statements, investor presentations and earnings conference calls. Company updates often connect performance to activity levels across pipeline, communications, power delivery and clean energy infrastructure markets.
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.
MasTec, Inc. (NYSE: MTZ) reported strong second quarter 2020 earnings, with revenue of $1.57 billion and net income of $56.8 million, or $0.78 per share, exceeding expectations. Cash flow from operations reached $293 million, facilitating a $177 million debt reduction. The company's 18-month backlog hit a record $8.2 billion. However, MasTec anticipates continued impacts from the COVID-19 pandemic, leading to an adjusted annual revenue forecast of $7.0 billion. For Q3 2020, guidance includes projected revenue of $1.9 billion and adjusted earnings per share of $1.67.
MasTec, Inc. (NYSE: MTZ) has announced an upsized private offering of $600 million in unsecured notes, increasing the initial amount by $200 million. The notes, maturing on August 15, 2028, carry an interest rate of 4.50%. Proceeds will be used primarily to redeem existing 4.875% Senior Notes due 2023 and repay revolving loans. The notes will rank equally with senior debt, junior only to secured debt. This offering is exempt from the Securities Act registration requirements and targets qualified institutional buyers.
MasTec, Inc. (NYSE: MTZ) announced a proposed private offering of $400 million in senior unsecured notes due 2028. The proceeds from this offering are intended to be used to redeem the company's existing 4.875% senior notes due 2023. The new notes will rank equally with existing senior debt but will be junior to secured debts. This offering is subject to market conditions and is exempt from registration requirements under the Securities Act.
MasTec, Inc. (NYSE: MTZ) announced its earnings release for the second quarter of 2020, scheduled for July 30, 2020, post-market. A conference call with senior management to discuss the results will take place on July 31, 2020, at 9:00 a.m. ET. Call-in details are included, with options for both live broadcasting and 30-day replay available via the company's official website. MasTec operates in North America, focusing on infrastructure construction across industries, including communications and energy.