Record Second Quarter 2024 Revenue of $3.0 Billion Second Quarter 2024 Diluted Earnings Per Share of $0.43 and Adjusted Diluted Earnings Per Share of $0.96, $0.08 Above Expectations Second Quarter 2024 GAAP Net Income of $43.8 Million and Adjusted EBITDA of $267.8 Million, $7.8 Million Above Expectations 18-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 ...

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. The collective assessment of analysts points to an estimated 'Revenue- Communications' of $825.00 million. The estimate indicates a year-over-year change of -5%. View all Key Company Metrics for MasTec here>>> While investors typically use consensus earnings and revenue estimate ...

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 broad ...

In Q1 2024, the Communications segment's adjusted EBITDA margin declined by 100 bps Y/Y due to operating deleverage on lower revenues. In the Power Delivery segment, the adjusted EBITDA margin contracted by 210 bps Y/Y as a result of reduced productivity due to the impact of increased overhead costs incurred to maintain operating capacity as well as operating deleverage on lower revenues. Conversely, adjusted EBITDA margin in the Oil & Gas segment and Clean Energy & Infrastructure segment expanded by 890 bp ...

CORAL GABLES, Fla., June 20, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has received valid consents from holders (the "Holders") of not less than a majority in principal amount of IEA's 6.625% Senior Notes due 2029 (the "IEA Notes") sufficient to adopt the Proposed Amendments (as defined herein) with respect to the IEA Notes Indenture (as defined herein) pursuant to the previously announced cash tender offer f ...

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CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced the pricing of its public offering of $550,000,000 aggregate principal amount of senior notes due 2029. The notes will pay interest semi-annually at a rate of 5.900% and will mature on June 15, 2029. The notes were priced at 99.956%. The notes will be MasTec's senior unsecured obligations and will rank equal in right of payment with all existing and future senior unsecured indebtedness of MasTec, and senior ...

CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has commenced a cash tender offer for any and all of its $225.1 million in outstanding principal amount of 6.625% Senior Notes due 2029 (the "IEA Notes") and the solicitation of consents from the holders (the "Holders") of the IEA Notes to adopt certain amendments to the IEA Indenture (as defined below) (the "Tender Offer"). The Tende ...

MasTec, Inc.'s (MTZ) stock has skyrocketed 93.8% in the past six months compared with the Zacks Building Products - Heavy Construction industry's 75.5% growth and the S&P 500 index's 16.9% rally. This infrastructure construction company is banking on increasing demand for power, and data capacity and network speed. Also, MTZ's focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. Moreover, the company is optimistic about its gr ...

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