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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.
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.
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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.
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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.