MasTec Stock Price, News & Analysis

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.

MasTec, Inc. (NYSE: MTZ) has finalized an agreement to acquire Henkels & McCoy Group Inc. for $600 million. This deal includes $420 million in cash and approximately 2 million shares of MasTec stock. Henkels, with $1.5 billion in 2021 revenue, brings significant operational expertise and a strong customer base. The acquisition aims to enhance MasTec's position in the growing utility services market and support the transition to renewable energy. Expected 2022 results for Henkels are projected to mirror 2021 figures, amid challenges in communications and pipeline services.

Precision Pipeline, LLC (PPL) has been awarded the 2021 Corporate Social Responsibility Award by the International Pipe Line & Offshore Contractors Association (IPLOCA) for its Human Trafficking Awareness Program. This initiative, launched in 2019, trains employees to recognize signs of human trafficking, with over 6,500 individuals trained nationwide. PPL's commitment to safety and community engagement emphasizes its role in combating human trafficking, according to Public Relations Manager Rachel Johnson and President Bobby Poteete.