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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.