Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering MasTec (MTZ) , which belongs to the Zacks Building Products - Heavy Construction industry.This utility contractor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 22.51%.For the most recent quarter, MasTec was expected to post earnings of $1.28 per sha ...

Company Overview - MasTec, Inc. is a leading North American infrastructure engineering and construction company operating across various end markets [3] - The company's primary activities include engineering, building, installation, maintenance, and upgrade of communications, energy, utility, and other infrastructure [3] - Key services provided by MasTec include power delivery services, power generation from clean energy sources, pipeline infrastructure, heavy civil, and industrial infrastructure [3] Upcoming Financial Results - MasTec will release its first quarter financial results on May 1, 2025, after the market close [1] - A webcast and call to review these results will be hosted by MasTec's senior management on May 2, 2025, at 9:00 a.m. ET [1] - The event will be accessible through the MasTec Investor Relations website, with a replay available for 30 days [2]

Group 1 - MasTec, Inc. announced the retirement of J. Marc Lewis after over 23 years as Vice President of Investor Relations, with Chris Mecray immediately assuming the role [1][3] - Chris Mecray previously served as Vice President of Investor Relations at DuPont de Nemours, Inc. and has extensive experience in Investor Relations, Treasury, and Strategy roles at various companies [2] - Paul DiMarco, CFO of MasTec, expressed enthusiasm for Chris Mecray's analytical skills and his potential to expand the investor base and grow shareholder value [3] Group 2 - Jose Mas, CEO of MasTec, acknowledged Marc Lewis's significant contributions to the company and the creation of billions of dollars in shareholder value during his tenure [3] - Marc Lewis plans to focus on charitable endeavors in retirement, particularly raising an endowment fund for Children's Vision International, Inc. [3] - MasTec operates primarily in North America, providing infrastructure construction services across various industries, including communications, energy, and environmental remediation [4]

MasTec, Inc. (NYSE: MTZ ) is well-positioned to benefit from its strong backlog, which offers good visibility for its near-term revenue growth. Further, there are several secular and regulatory growth drivers across its segments. In the Communications segment, the company should benefit fromI have over 15 years of experience investing and have provided research services to mid-sized hedge funds with assets under management between $100 and $500 million. I also have had a brief stint as a sell-side analyst. ...

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MasTec, Inc. (MTZ) is currently trading at a forward 12-month Price/Earnings ratio (P/E F12M) of 22.06, a roughly 25.2% premium to the Zacks Building Products - Heavy Construction industry average of 17.62, and higher than its five-year median.This Coral Gables, FL-based leading infrastructure construction company’s solid backlog, strong financial management and focus on high-growth sectors like clean energy and communications provide a strong foundation for growth. Yet, the company’s relatively expensive v ...

MasTec (MTZ) Q4 2024 Earnings Call February 28, 2025 06:17 PM ET Company Participants Marc Lewis - VP - IRJose Mas - Chief Executive OfficerPaul Dimarco - Executive VP & CFOJamie Cook - Managing Director - Equity ResearchAndrew Kaplowitz - Managing DirectorJustin Hauke - Vice President and Senior Research AssociateAdam Thalhimer - Director of ResearchAtidrip Modak - Vice President - Energy Services & E&PsBrian Brophy - Associate Vice PresidentAvi Jaroslawicz - Equity Research AssociateDrew Chamberlain - Equ ...

MasTec Fourth Quarter 2024 Earnings Call Presentation February 28, 2025 NYSE: MTZ Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the future financial and operational performance of MasTec; expectations regarding MasTec's business or financial outlook; expectations regarding MasTec's plans, strategies and opp ...

MasTec, Inc. (MTZ) reported impressive results for the fourth quarter of 2024, with earnings and revenues beating the Zacks Consensus Estimate. Both top and bottom lines increased on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.MTZ posted nearly 2% higher revenues from its previously provided guidance of $3.325 billion. This upside was backed by strong contributions from across the segment. Furthermore, it delivered margin expansion that exceeded expectations, s ...

Workforce and Diversity - For the twelve-month period ended December 31, 2024, the company had approximately 33,000 employees and 780 locations[18] - Approximately 63% of the Board of Directors represents women or minorities, reflecting a commitment to diversity in governance[75] - The company is committed to community engagement, with programs tailored to military veterans, who made up about 3% of the workforce in 2024[72] - For the twelve-month period ended December 31, 2024, the company had an average of approximately 33,000 employees, with about 7,000 represented by unions[108] - Approximately 98% of the company's employees are located in the United States[108] - The company is committed to fostering a culture of inclusion and teamwork, which is essential for attracting and retaining a qualified workforce[116] Financial Performance and Revenue - The Clean Energy and Infrastructure segment's revenue grew from $300 million in 2017 to approximately $4.1 billion in 2024, indicating significant growth in clean energy services[62] - Revenue from projects under master service and other service agreements accounted for 41% of consolidated revenue in 2024, compared to 40% in 2023 and 51% in 2022[86] - The estimated backlog for the Communications segment is $6.010 billion, while Clean Energy and Infrastructure and Power Delivery segments have backlogs of $4.244 billion and $3.309 billion, respectively[89] - Approximately 75% of the estimated year-end 2024 backlog is expected to be realized in 2025[89] - A significant portion of revenue is derived from a few customers, and loss of any major customer could impair financial performance[149] - The backlog consists of estimated revenue from uncompleted contracts, but it is subject to cancellation and unexpected adjustments, making it an uncertain indicator of future revenue[145][147] - The company derives a significant portion of revenue from fixed price contracts, and inaccurate cost estimates could adversely affect profitability[143] Market Trends and Growth Projections - The telecommunications infrastructure revenue is expected to grow to $11.8 billion over the five-year period through 2029[24] - The U.S. Smart Cities market size was valued at approximately $179 billion in 2023, with an estimated compound annual growth rate of 23.1% from 2024 to 2030[28] - The U.S. Smart Home market is projected to grow at an estimated compound annual growth rate of approximately 9% from 2024 to 2029, with a valuation of approximately $40 billion in 2024[28] - The percentage of U.S. electricity generated by renewable sources is expected to triple to almost 60% by 2050[30] - Investment in energy transition assets has accelerated significantly, rising from about $1.2 trillion in 2020 to over $2 trillion in 2024[33] - The expected global power grid investment in 2024 is approximately $390 billion, indicating a strong trend towards modernizing electrical infrastructure[42] Infrastructure and Energy Investments - The IIJA allocates $65 billion to power infrastructure and energy programs, including funding for renewable energy innovation and deployment[33] - The IIJA includes approximately $110 billion of funding for roads and bridges, with $40 billion specifically for bridge repair, replacement, and rehabilitation[35] - The IIJA includes approximately $65 billion for upgrades to power infrastructure and research on clean energy technologies, supporting future investments in electric infrastructure[43] - The demand for liquefied natural gas (LNG) exports is expected to rise, with North American export capacity projected to more than double between 2024 and 2028[47] Operational Risks and Challenges - The company faces risks related to governmental regulations, climate change initiatives, and potential changes in tax laws that could affect demand for its services[120] - Recent inflationary conditions have led to wage inflation and increased competition for skilled labor, impacting profitability and cash flows[126] - Elevated interest rates and inflation could negatively affect the construction industry and create volatility in capital markets, impacting demand for the company's services[127] - The company is subject to cyclical demand for its services, which may be adversely affected by unfavorable market conditions and economic downturns[125] - The company faces operational risks due to high employee turnover and the need for skilled labor, which could adversely affect revenue and profitability[152] Environmental and Regulatory Compliance - The company is subject to numerous environmental laws and regulations, which require careful adherence to avoid significant liabilities[101] - The company faces significant liabilities and reputational harm from potential environmental law violations, particularly in underground operations[190] - New environmental regulations could impose substantial costs and liabilities, adversely affecting the company's financial results and liquidity[191] - Climate-related risks, including extreme weather events, could disrupt operations and negatively impact revenue and profitability[193] Cybersecurity and Technology - The company maintains a comprehensive cybersecurity risk management program aligned with the National Institute of Standards and Technology framework[215] - The cybersecurity strategy includes five key functions: identification, protection, detection, response, and recovery[216] - The company allocates significant resources to adapt to the evolving cybersecurity landscape and address emerging threats[216] - Regular assessments of the threat landscape and external penetration tests are conducted to evaluate the effectiveness of cybersecurity processes[217] Strategic Acquisitions and Growth - The company aims to grow and diversify its business through acquisitions and strategic arrangements, focusing on low-carbon energy sources[19] - The company aims to leverage strategic acquisitions to expand operations and service offerings, integrating new businesses efficiently[82] - The company engages in strategic acquisitions, which involve risks related to integration and potential undiscovered liabilities[182][183] Financial Stability and Debt Management - The company has maintained an investment-grade rating since 2021, despite an increase in leverage due to acquisitions, with a $2.25 billion senior unsecured credit facility available[81] - The company has a significant amount of debt, which may restrict operational flexibility and access to capital markets[204] - A downgrade in the company's credit rating could increase borrowing costs and complicate future debt financing[205] Shareholder and Market Considerations - The company has approximately 79.3 million shares outstanding as of December 31, 2024, out of a total authorized 145.0 million shares of common stock[209] - The company may experience significant volatility in its common stock price due to various factors, including operating results and market conditions[210] - Jorge Mas and José R. Mas beneficially own about 23% of the outstanding shares, allowing them to influence major corporate decisions[212] - The company's articles of incorporation and Florida law contain anti-takeover provisions that could delay or prevent a change in control[213]