MasTec Stock Price, News & Analysis

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.

MasTec reported a third-quarter 2022 revenue of $2.5 billion, marking a 38% increase in its non-Oil & Gas segments. GAAP net income was $49.2 million, equating to $0.65 per diluted share. The company’s adjusted net income was $100.8 million, or $1.34 per diluted share. A record backlog of $11.2 billion was reported, up $222 million sequentially. MasTec updated its full-year 2022 guidance to approximately $9.7 billion in revenue and $50 million in net income. The acquisition of IEA is expected to enhance service capabilities.

MasTec (NYSE: MTZ) announced participation in a fireside chat at the R.W. Baird Global Industrial Institutional Investor Conference on November 9 at 2:20 p.m. Central Time. The event will also include one-on-one meetings with institutional investors. Interested parties can access audio and presentation materials on MasTec's website.

The company, a leader in infrastructure construction in North America, focuses on communications, energy, and utility services, including clean energy and pipeline infrastructure.

MasTec, Inc. (NYSE: MTZ) reported the expiration of its private exchange offer for 6.625% Senior Notes due August 15, 2029, following its acquisition of IEA. A total of $74,884,000 of IEA Existing Notes, representing 24.96% of the total outstanding, were tendered by the deadline. Although the company did not receive enough consents for proposed amendments to the IEA Existing Indenture, the conditions for the Exchange Offer were met, allowing the issuance of new MTZ Exchange Notes. Settlement is scheduled for October 26, 2022.