MasTec Stock Price, News & Analysis

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.

MasTec (NYSE: MTZ) will present at three upcoming virtual conferences. Senior management will participate in the Credit Suisse Industrials Virtual Conference on December 2 at 1:30 p.m. ET, followed by the UBS Global TMT Virtual Conference on December 7 at 4:40 p.m. ET, and the Barclays Global TMT Virtual Conference on December 8 at 9:45 a.m. ET. These events will feature fireside chats and virtual one-on-one meetings with institutional investors. Presentation materials can be found on MasTec's website and will be available for replay for 30 days.

MasTec announced its participation in the Baird Global Industrial Virtual Investor Conference on November 10, 2021, at 10:15 a.m. ET. The company's senior management will present, and there will be opportunities for virtual one-on-one meetings with institutional investors. Interested parties can access the presentation materials via the Company’s website, where a replay will be available for 30 days. MasTec is recognized for its infrastructure construction capabilities across various sectors in North America.

MasTec, Inc. (NYSE: MTZ) reported record third quarter 2021 revenue of $2.4 billion, a 42% increase year-over-year. GAAP net income reached $112.5 million, or $1.50 per diluted share, beating expectations by $0.13. Adjusted net income and diluted EPS were $135.6 million and $1.81, respectively. The company announced a backlog of $8.5 billion, up $821 million from last year, while also reducing net debt by $80 million. Updated guidance projects 2021 revenue at approximately $8 billion and diluted EPS at $4.46. A conference call will be held on November 5, 2021.

MasTec, Inc. (NYSE: MTZ) will disclose its third-quarter operational results for the period ending September 30, 2021, on November 4, 2021, post-market close. A subsequent conference call is scheduled for November 5, 2021, at 9:00 a.m. Eastern time, to discuss these results. The call can be accessed via phone or live streamed through MasTec's investor relations website. MasTec specializes in infrastructure construction across North America, focusing on energy, communications, and utility sectors.

MasTec, Inc. (NYSE: MTZ) announced that its senior management will present at two virtual conferences: the Morgan Stanley Laguna Conference on September 14, 2021, at 3:45 p.m. ET and the D.A. Davidson Conference on September 22, 2021, at 2:00 p.m. ET. The presentations will be accessible via the 'Investors' section on the company’s website, with replays available for about 30 days. MasTec is a leading infrastructure construction firm in North America, specializing in various industries including communications, energy, and utilities.

MasTec, Inc. (MTZ) reported strong second quarter 2021 results, with revenues of $2.0 billion, a 25% increase year-over-year. GAAP net income rose 33% to $75.8 million, or $1.02 per diluted share. The company also recorded an adjusted EBITDA of $230 million, representing 11.7% of revenue. Total backlog reached a record $9.2 billion, marking significant growth. For 2021, MasTec raised its revenue guidance to approximately $8.1 billion and anticipates adjusted EBITDA of $930 million.