Profile
Sector:
IndustrialsIndustry:
Engineering & ConstructionCountry:
United StatesIPO:
21 February 1973Website:
http://www.mastec.comNext earnings report:
28 February 2025Last dividends:
04 August 1982Next dividends:
N/APrice
after hours | 76 min agoDividend
Analysts recommendations
Institutional Ownership
MTZ Latest News
MasTec, Inc. (NYSE:MTZ ) Q3 2024 Earnings Call November 1, 2024 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer Paul Dimarco - Executive Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Steven Fisher - UBS RT Modak - Goldman Sachs Brian Brophy - Stifel Sangita Jain - KeyBanc Capital Markets Brent Thielman - D.A. Davidson Jamie Cook - Truist Securities Justin Hauke - Robert W.
Tight cost controls led to a profit beat.
MTZ's third-quarter results benefit from strength in the diversified business model and strong bookings of renewable energy projects.
The headline numbers for MasTec (MTZ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MasTec (MTZ) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.95 per share a year ago.
Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last Year Third Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expectations by $0.43 and $0.39, Respectively Third Quarter 2024 GAAP Net Income of $105.4 Million and Adjusted EBITDA of $305.9 Million, Above Expectations by $33.4 Million and $10.9 Million, Respectively Record 18-month Backlog as of September 30, 2024 of $13.9 Billion Increased $1.4 Billion from the Third Quarter of 2023 Year-to-Date Cash Flow Generated by Operating Activities of $650 Million and DSO at 68 Days CORAL GABLES, Fla. , Oct. 31, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced third quarter 2024 financial results and increased its full year bottom line 2024 guidance expectations.
CORAL GABLES, Fla. , Oct. 18, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it will release results of operations for the quarter ended September 30, 2024, after the market closes on Thursday, October 31, 2024.
MTZ's strong project pipeline, strategic acquisitions, and rising demand position it for long-term growth and investor returns.
MasTec (MTZ) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
MTZ gains from an impressive pipeline across its businesses and acquisitions.
What type of business is MasTec?
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. The company build infrastructure for wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy power generation; pipeline infrastructure, including natural gas, water, carbon capture sequestration, and other product transport; power delivery services, such as electrical and gas transmission, and distribution systems; industrial and heavy civil infrastructure, including roads, bridges, and rail; and water infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation, power generation, civil and industrial facilities, pipelines, and fiber optic and other cables, as well as install-to-the-home services. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and civil and industrial and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, including renewable and other energy providers, pipeline operators, civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.
What sector is MasTec in?
MasTec is in the Industrials sector
What industry is MasTec in?
MasTec is in the Engineering & Construction industry
What country is MasTec from?
MasTec is headquartered in United States
When did MasTec go public?
MasTec initial public offering (IPO) was on 21 February 1973
What is MasTec website?
https://www.mastec.com
Is MasTec in the S&P 500?
No, MasTec is not included in the S&P 500 index
Is MasTec in the NASDAQ 100?
No, MasTec is not included in the NASDAQ 100 index
Is MasTec in the Dow Jones?
No, MasTec is not included in the Dow Jones index
When was MasTec the previous earnings report?
No data
When does MasTec earnings report?
The next expected earnings date for MasTec is 28 February 2025