MasTec Stock Price, News & Analysis

MasTec, Inc. (NYSE: MTZ) announced participation in several investor conferences, including Cowen's 2nd Annual Sustainability & Energy Transition Virtual Summit on June 7, 2022, and Stifel's Cross Sector Insight Conference on June 9, 2022. Senior management will engage in fireside chats and one-on-one meetings with institutional investors. Additional participation includes conferences by B Riley Securities, Key Banc Capital Markets, and UBS Future of 5G. The presentations will be available for replay on MasTec's website for about 30 days following the events.

MasTec reported Q1 2022 results, showing a GAAP net loss of $35 million and a diluted loss per share of $0.47. Revenue increased by 10.1% year-over-year to $1.95 billion. Adjusted EBITDA was $99 million, down from $203.9 million in Q1 2021. The company recorded an 18-month backlog of $10.6 billion, a 35% increase from the previous year. Updated guidance for 2022 includes expected revenue of $9.2 billion and adjusted EBITDA between $850 million and $875 million, reflecting project delays in Clean Energy and Oil & Gas segments.

MasTec, Inc. (NYSE: MTZ) will announce its Q1 2022 results on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 9:00 a.m. ET. Investors can access the call via phone at (313) 209-5140 or (800) 304-0389, with a replay available for 30 days. MasTec specializes in infrastructure construction across North America, focusing on engineering and building in communications, energy, and utility sectors. More information can be found on their official website.

MasTec, Inc. (NYSE: MTZ) has appointed Ava L. Parker to its Board of Directors as a Class III Director. Ms. Parker, the first female president of Palm Beach State College, has a strong background in education and administration, overseeing significant enrollment growth. She previously held leadership roles in Florida Polytechnic University and has extensive governance experience. Jorge Mas, MasTec's Chairman, emphasized Parker's expertise in education and technical training as pivotal for expanding the company's labor resources in response to growing customer demand.

MasTec (NYSE: MTZ) announced that its senior management will present at the Goldman Sachs Energy Services Symposium on March 9, 2022, at 9:35 a.m. ET. The presentation, titled "Enabling the Energy Transition and the 5G Build-Out," aims to discuss key developments in the energy and communications sectors.

The session will be interactive and accessible through MasTec's website. After the event, a replay will be available for 30 days, ensuring stakeholders can stay informed on the company's strategic initiatives.

MasTec, Inc. (NYSE: MTZ) reported a 10.5% increase in Q4 2021 revenue to $1.8 billion, while GAAP net income decreased to $76.4 million, or $1.04 per diluted share. Full year revenue rose 26% to $8.0 billion, with adjusted net income of $414.2 million, or $5.58 per share. The company has set an ambitious 2022 revenue guidance of approximately $10 billion. Despite strong performance, Q1 2022 is expected to show a loss of $44 million due to project delays and integration costs from recent acquisitions. The backlog rose to $9.9 billion, reflecting a 26% increase year-over-year.

MasTec, Inc. (NYSE: MTZ) will release its operational results for Q4 and the full year ended December 31, 2021, after market close on February 24, 2022. A conference call is scheduled for February 25, 2022, at 9:00 a.m. Eastern Time to discuss these results. Investors can access the call via phone at (313) 209-7315 or (877) 614-0009, with a replay available for 30 days. The company, a leader in North American infrastructure construction, focuses on communications, energy, and utility sectors.

MasTec, Inc. (NYSE: MTZ) will present at the Goldman Sachs Energy and Clean Technology Virtual Conference on January 5 at 3:40 p.m. ET, featuring CEO Jose Mas. The next day, they will participate in a 'Fireside Chat' at the Citibank Apps Economy Virtual Conference on January 6 at 3:00 p.m. ET. Attendees can access audio and presentation materials on the company's website, with replays available for 30 days. MasTec operates mainly in North America, focusing on infrastructure construction in various sectors.

MasTec has completed its acquisition of Henkels & McCoy Group, valued at approximately $600 million. This strategic move enhances MasTec's market position as the leading utility contractor, bolstering its capabilities in renewable energy and infrastructure services. The acquisition brings over 5,100 Henkels employees into MasTec, expanding its operational scale and service offerings. CEO Jose Mas emphasized that this acquisition allows for diversification into renewable energy, positioning MasTec for future growth in an evolving utility market.