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. (NYSE: MTZ) is a North American infrastructure engineering and construction company whose news flow is closely tied to developments in communications, energy, utility and other infrastructure markets. The company’s press releases and SEC filings regularly cover quarterly financial results, segment performance and updates to financial guidance, giving readers insight into trends across its Communications, Clean Energy and Infrastructure, Power Delivery and Pipeline Infrastructure segments.
On this page, readers can follow MasTec news related to revenue growth, net income, adjusted EBITDA and changes in the company’s estimated 18‑month backlog by segment. Recent releases have discussed how project volumes and efficiencies in wireless and wireline/fiber, renewable energy projects, power delivery work and pipeline infrastructure activity affect segment revenue and margins. MasTec also uses news announcements to describe the mix of project activity, such as renewable projects, heavy civil work, transmission and distribution projects, and midstream pipeline projects.
MasTec’s news also includes earnings conference call schedules, webcasts and participation in investor conferences hosted by financial institutions. These items explain when management plans to discuss results and outlook, and they identify the Investors section of the company’s website as a recognized channel of distribution for presentations, webcasts and supplemental information. Additional news items may highlight corporate developments such as changes in investor relations leadership.
Investors, analysts and other interested readers can use this news feed to monitor MasTec’s reported financial performance, segment trends, backlog development and capital structure actions as disclosed in press releases and related communications. Checking this page regularly provides a consolidated view of MasTec’s public announcements over time.
MasTec, Inc. (NYSE: MTZ) announced the upcoming release of its quarterly results for the period ended June 30, 2022, scheduled for August 4, 2022. A conference call will follow on August 5, 2022, at 9:00 a.m. Eastern time to discuss these results, with options to join via phone or through a live Internet broadcast. The company is a major infrastructure construction entity in North America, focusing on a variety of sectors including energy, communications, and utilities, among others.
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.