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, Electrical Transmission, and Other. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, crude oil, and refined product transport pipelines; electrical power generation, transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, and satellite dishes, as well as home automation and energy management solutions. 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 heavy civil infrastructure; emergency services for accidents or storm damage; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.
IPO Year:
Exchange: NYSE
Website: mastec.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2025 | $134.00 | Overweight | Piper Sandler |
| 3/31/2025 | Peer Perform | Wolfe Research | |
| 1/8/2025 | $195.00 | Buy | Guggenheim |
| 11/5/2024 | $133.00 → $173.00 | Hold → Buy | Truist |
| 11/4/2024 | $115.00 → $160.00 | Buy | TD Cowen |
| 10/7/2024 | $153.00 | Overweight | JP Morgan |
| 5/6/2024 | $105.00 → $110.00 | Buy | TD Cowen |
| 3/14/2024 | $96.00 | Hold | Truist |
| 3/4/2024 | $50.00 → $96.00 | Hold → Buy | Craig Hallum |
| 3/4/2024 | $85.00 → $105.00 | Outperform | TD Cowen |
8-K - MASTEC INC (0000015615) (Filer)
10-Q - MASTEC INC (0000015615) (Filer)
8-K - MASTEC INC (0000015615) (Filer)
DEFA14A - MASTEC INC (0000015615) (Filer)
DEF 14A - MASTEC INC (0000015615) (Filer)
S-3ASR - MASTEC INC (0000015615) (Filer)
10-K - MASTEC INC (0000015615) (Filer)
8-K - MASTEC INC (0000015615) (Filer)
D/A - MASTEC INC (0000015615) (Filer)
8-K - MASTEC INC (0000015615) (Filer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
4 - MASTEC INC (0000015615) (Issuer)
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13D/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
SC 13G/A - MASTEC INC (0000015615) (Subject)
First Quarter 2025 Highlights Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year18-month backlog as of March 31, 2025 of $15.9 billion increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline InfrastructureDiluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectivelyGAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by $13.3 million and $3.7 million, respectivelyCash flow from operating activities of $78 million; Free
Seasoned utility infrastructure executive to lead Red Arts' national platform expansion into critical grid and infrastructure services Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Sherina Maye Edwards as a Red Arts CEO-in-Residence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250415295377/en/Sherina Maye Edwards, Red Arts CEO-in-Residence Edwards will spearhead the firm's platform investment strategy in the utility services sector, where Red Arts has developed a longstanding investment thesis. Edwards will seek to par
CORAL GABLES, Fla., April 11, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) will release its first quarter financial results on Thursday, May 1, 2025 after the market close. In addition, MasTec's senior management will host a webcast and call to review these results on Friday, May 2, 2025, at 9:00 a.m. ET. The event will be broadcast live and can be accessed through the MasTec Investor Relations website at www.mastec.com/investors/. A replay, along with the earnings release and supporting materials, will also be posted to the website. The dial-in number for the conference ca
CORAL GABLES, Fla., April 7, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that after more than 23 years of service J. Marc Lewis will retire as Vice President of Investor Relations and Chris Mecray will immediately assume that role. Chris Mecray joins MasTec from DuPont de Nemours, Inc. where he served as Vice President, Investor Relations. Mr. Mecray has also served in Investor Relations, Treasury and Strategy roles at Axalta Coating Systems, Inc., as a senior Fund Analyst at BlackRock, Inc. and as a sell-side equity research analyst with Deutsche Bank Securities and its predecessor companies. Mr. Mecray received his A.B. from Princeton University. Mr. Lewis has agreed to s
Record Fourth Quarter and Annual Revenue of $3.4 Billion and $12.3 Billion, RespectivelyRecord Full Year 2024 Cash Flow from Operations Increased 63% to $1.1 Billion Record 18-Month Backlog of $14.3 BillionFourth Quarter Reduction in Net Debt of $318 Million, with Net Debt Leverage Ratio Reduced to 1.8x2024 Results Include GAAP Net Income of $199.4 Million, Adjusted Net Income of $348.3 Million, Adjusted EBITDA of $1.0 Billion, Diluted Earnings Per Share of $2.06 and Adjusted Diluted Earnings Per Share of $3.95Issuing Initial Annual 2025 Guidance Including Revenue of $13.45 Billion, a 9% Increase Over 2024, GAAP Net Income of $327 Million to $366 Million, Adjusted EBITDA of $1.10 Billion to
NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Questions the Sustainability of Dycom's Recent Financial Performance Given Various Factors, Including Telecom Industry Consolidation Among Key Clients Affecting 14% of Dycom's Revenues Believes That Heightened Scrutiny of Dycom's Dealings With Frontier Communications, a Company the FTC Said Lied to Customers, Is Warranted Given Familial Relationships Among Executives and a State Regulator Alleging Apparent Fraudulent Activities by Both Companies Identifies Areas of Concern With Dycom's Financial Reporting, Including Elevated Days Sales Outstanding, Delayed Disclosures of Key Credit Exposures
CORAL GABLES, Fla., Feb. 14, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter and year ended December 31, 2024, after the market closes on Thursday, February 27, 2025. Senior Management will also hold a conference call to discuss these results on Friday, February 28, 2025, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221 or (888) 394-8218, with a confirmation code of 1616296. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at
CORAL GABLES, Fla., Jan. 2, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the Goldman Sachs Energy, CleanTech & Utilities Conference on Tuesday, January 7th at approximately 2:20 p.m. Eastern Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference. The audio and any presentation materials may be accessed through links on the "Investors" page of MasTec's website at www.mastec.com. Interested parties should check the Company's website for any schedule updates, or time changes. The prese
CORAL GABLES, Fla., Nov. 27, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that its senior management will be participating in a fireside chat with our covering analyst at the UBS 2024 Global Industrials and Transportation Conference on Wednesday, December 4th at approximately 3:30 p.m. Eastern Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference. The audio and any presentation materials may be accessed through links on the "Investors" page of MasTec's website at www.mastec.com. Interested parties should check the Company's website for any schedule updates, or time changes. Th
CORAL GABLES, Fla., Nov. 6, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that its senior management will be in Chicago participating in a fireside chat with our covering analyst at the Baird 2024 Global Industrial Conference on Wednesday, November 13th at approximately 1:45 p.m. Central Time. Additionally, one-on-one meetings with institutional investors and MasTec's senior management are also being arranged as a part of the conference. The audio and any presentation materials may be accessed through links on the "Investors" page of MasTec's website at www.mastec.com. Interested parties should check the Company's website for any schedule updates, or time changes. The present
First Quarter 2025 Highlights Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year18-month backlog as of March 31, 2025 of $15.9 billion increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline InfrastructureDiluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectivelyGAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by $13.3 million and $3.7 million, respectivelyCash flow from operating activities of $78 million; Free
CORAL GABLES, Fla., April 11, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) will release its first quarter financial results on Thursday, May 1, 2025 after the market close. In addition, MasTec's senior management will host a webcast and call to review these results on Friday, May 2, 2025, at 9:00 a.m. ET. The event will be broadcast live and can be accessed through the MasTec Investor Relations website at www.mastec.com/investors/. A replay, along with the earnings release and supporting materials, will also be posted to the website. The dial-in number for the conference ca
Record Fourth Quarter and Annual Revenue of $3.4 Billion and $12.3 Billion, RespectivelyRecord Full Year 2024 Cash Flow from Operations Increased 63% to $1.1 Billion Record 18-Month Backlog of $14.3 BillionFourth Quarter Reduction in Net Debt of $318 Million, with Net Debt Leverage Ratio Reduced to 1.8x2024 Results Include GAAP Net Income of $199.4 Million, Adjusted Net Income of $348.3 Million, Adjusted EBITDA of $1.0 Billion, Diluted Earnings Per Share of $2.06 and Adjusted Diluted Earnings Per Share of $3.95Issuing Initial Annual 2025 Guidance Including Revenue of $13.45 Billion, a 9% Increase Over 2024, GAAP Net Income of $327 Million to $366 Million, Adjusted EBITDA of $1.10 Billion to
CORAL GABLES, Fla., Feb. 14, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter and year ended December 31, 2024, after the market closes on Thursday, February 27, 2025. Senior Management will also hold a conference call to discuss these results on Friday, February 28, 2025, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221 or (888) 394-8218, with a confirmation code of 1616296. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at
Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last YearThird 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, RespectivelyThird 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, RespectivelyRecord 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 DaysCORAL GABLES, Fla., Oct. 31, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today ann
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. Senior Management will also hold a conference call to discuss these results on Friday, November 1, 2024, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221or (888) 204-4368, with a confirmation code of 9237122. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at www.mastec.
Record Second Quarter 2024 Revenue of $3.0 BillionSecond Quarter 2024 Diluted Earnings Per Share of $0.43 and Adjusted Diluted Earnings Per Share of $0.96, $0.08 Above ExpectationsSecond Quarter 2024 GAAP Net Income of $43.8 Million and Adjusted EBITDA of $267.8 Million, $7.8 Million Above Expectations18-month Backlog as of June 30, 2024 of $13.3 Billion Increased $501 Million Sequentially from the First Quarter of 2024 and Represents Record Levels for the Clean Energy and Infrastructure, Power Delivery and Communications SegmentsCash Flow Generated by Operating Activities of $264 Million and DSO at 69 daysCORAL GABLES, Fla., Aug. 1, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announc
CORAL GABLES, Fla., July 18, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter ended June 30, 2024, after the market closes on Thursday, August 1, 2024. Senior Management will also hold a conference call to discuss these results on Friday, August 2, 2024, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221 or (888) 204-4368, with a confirmation code of 3980141. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at www.mastec.com. T
Record First Quarter 2024 Revenue of $2.7 BillionFirst Quarter 2024 GAAP Net Loss of $34.5 Million, a $46.0 Million Improvement over First Quarter 2023 and Beating Consensus Estimates by $33.1 MillionFirst Quarter 2024 Adjusted EBITDA of $157.3 Million, a $54.8 Million Improvement Over First Quarter 2023 and Beating Consensus Estimates by $28.7 MillionFirst Quarter 2024 Diluted Loss Per Share of $0.53 and Adjusted Diluted Loss Per Share of $0.13, Beating Consensus Estimates by $0.33 and $0.35, Respectively18-month Backlog as of March 31, 2024 of $12.8 Billion Increased $430 Million sequentially from the Fourth Quarter 2023Annual 2024 Guidance Increased to Revenue of $12.55 Billion, GAAP Net
CORAL GABLES, Fla., April 11, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that it will release results of operations for the quarter ended March 31, 2024, after the market closes on Thursday, May 2, 2024. Senior Management will also hold a conference call to discuss these results on Friday, May 3, 2024, at 9:00 a.m. Eastern time. The call-in number for the live conference call is (856) 344-9221 or (888) 224-1005, with a confirmation code of 2706030. Additionally, the call will be broadcast live over the Internet and can be accessed, along with any presentation materials, and replayed through the investor relations section of the Company's website at www.mastec.com. The r
Piper Sandler initiated coverage of MasTec with a rating of Overweight and set a new price target of $134.00
Wolfe Research initiated coverage of MasTec with a rating of Peer Perform
Guggenheim initiated coverage of MasTec with a rating of Buy and set a new price target of $195.00
Truist upgraded MasTec from Hold to Buy and set a new price target of $173.00 from $133.00 previously
TD Cowen reiterated coverage of MasTec with a rating of Buy and set a new price target of $160.00 from $115.00 previously
JP Morgan initiated coverage of MasTec with a rating of Overweight and set a new price target of $153.00
TD Cowen reiterated coverage of MasTec with a rating of Buy and set a new price target of $110.00 from $105.00 previously
Truist initiated coverage of MasTec with a rating of Hold and set a new price target of $96.00
Craig Hallum upgraded MasTec from Hold to Buy and set a new price target of $96.00 from $50.00 previously
TD Cowen reiterated coverage of MasTec with a rating of Outperform and set a new price target of $105.00 from $85.00 previously
Seasoned utility infrastructure executive to lead Red Arts' national platform expansion into critical grid and infrastructure services Red Arts Capital ("Red Arts"), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Sherina Maye Edwards as a Red Arts CEO-in-Residence. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250415295377/en/Sherina Maye Edwards, Red Arts CEO-in-Residence Edwards will spearhead the firm's platform investment strategy in the utility services sector, where Red Arts has developed a longstanding investment thesis. Edwards will seek to par
CORAL GABLES, Fla., April 7, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that after more than 23 years of service J. Marc Lewis will retire as Vice President of Investor Relations and Chris Mecray will immediately assume that role. Chris Mecray joins MasTec from DuPont de Nemours, Inc. where he served as Vice President, Investor Relations. Mr. Mecray has also served in Investor Relations, Treasury and Strategy roles at Axalta Coating Systems, Inc., as a senior Fund Analyst at BlackRock, Inc. and as a sell-side equity research analyst with Deutsche Bank Securities and its predecessor companies. Mr. Mecray received his A.B. from Princeton University. Mr. Lewis has agreed to s
EFFINGHAM, Ill., June 10, 2022 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the "Company" or "Midland") announced today that Sherina Maye Edwards has been appointed to the Board of Directors of the Company and Midland States Bank. Ms. Edwards is the Chief Strategy Officer of MasTec, Inc. (NYSE:MTZ), a leading infrastructure construction company operating mainly throughout North America across a range of industries. Most recently, she was the President and CEO of INTREN, a subsidiary of MasTec. With the addition of Ms. Edwards, the Company's Board of Directors now has 11 members, with 10 of the directors classified as independent. "We are very pleased to add Sherina to o
CORAL GABLES, Fla., March 30, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE:MTZ) today announced that Ms. Ava L. Parker has joined MasTec's board of directors as a Class III Director. Ms. Parker currently serves as President of Palm Beach State College, Palm Beach County, one of Florida's largest higher education institutions. Ms. Parker is the first female president in the history of the institution, which opened in 1933 as Florida's first public community college. The College now serves approximately 40,000 students annually and has earned national distinction as an Aspen Prize Top 150 U.S. Community College. Under President Parker's stewardship the college has reached its highest enrollment in
CORAL GABLES, Fla., Dec. 31, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) is saddened to announce the passing of longtime Board Member, José S. Sorzano. José Mas, MasTec's CEO, commented, "It's with great sadness that I announce the passing of our friend and fellow Board Member, José Sorzano. José has been our longest serving independent Board Member. We are thankful for his outstanding leadership, friendship, guidance, wisdom and humor. He will be greatly missed by the MasTec family, the construction industry and his community. José continuously upheld MasTec's values of trust, accountability, caring, commitment and excellence." Jorge Mas, Chairman of MasTec's Board, added, "José's unt