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. (MTZ) is a leading infrastructure expert delivering engineering and construction services across communications, energy, and industrial sectors. This page provides real-time access to official announcements and analysis of MTZ's strategic developments.
Investors and industry professionals will find a centralized repository of earnings reports, project announcements, and regulatory filings, alongside updates on clean energy initiatives and infrastructure contracts. Content is curated to highlight operational milestones and market positioning.
Regular updates include details on wireless network expansions, renewable energy projects, and power grid modernization efforts. Bookmark this page for streamlined tracking of MTZ's progress in building North America's critical infrastructure systems.
MasTec (NYSE: MTZ) announced that IEA Energy Services, its subsidiary, has initiated a cash tender offer for its $225.1 million outstanding principal amount of 6.625% Senior Notes due 2029. The offer includes an early payment incentive and aims to amend the IEA Indenture by eliminating restrictive covenants. The tender offer expires on July 5, 2024, with an early tender deadline on June 18, 2024. Payments for early tenders are expected on June 24, 2024, while later tenders will be paid around July 9, 2024. The offer depends on MasTec securing at least $600 million in new debt financing.
MasTec, Inc. announced Q1 2024 financial results, with revenue of $2.7 billion and a net loss improvement of $46 million. The company raised its annual 2024 revenue guidance to $12.55 billion, with a GAAP net income of $121 million. Adjusted EBITDA was $157.3 million, reflecting positive growth.
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