Core Insights - The U.S. construction sector is experiencing a deceleration, influenced by high borrowing costs, labor shortages, material price volatility, and regulatory complexity [1] Group 1: Sector Performance - Public sector investments in infrastructure and manufacturing have supported growth, while residential remodeling and selective new home construction have posed challenges [1] - The construction sector's total earnings have decreased by 20% year-over-year, with revenues down by 4.2% [2] - Approximately 35.3% of the construction sector's market capitalization on the S&P 500 Index has reported earnings, with 57.1% beating EPS estimates and 42.9% surpassing revenue estimates [2] Group 2: Influencing Factors - Federal spending through the Infrastructure Investment and Jobs Act (IIJA) has been a significant tailwind, particularly in transportation, water infrastructure, and broadband projects [3] - Industrial construction projects related to the CHIPS Act and Inflation Reduction Act have also contributed to growth, focusing on semiconductor fabs, EV battery plants, and clean energy facilities [3] Group 3: Residential Market Challenges - The residential construction market faces high mortgage rates, seasonal impacts, inflationary pressures, and rising costs, which have negatively affected performance [4] - Homebuilders are under pressure due to increased incentives and lower average selling prices, impacting margins [4] Group 4: Commercial Construction Insights - The commercial construction market shows mixed but resilient performance, with industrial and warehouse projects benefiting from e-commerce and supply chain reshoring [5] - Data center construction is gaining traction due to cloud computing and AI infrastructure needs, while hospitality construction is recovering alongside rebounding travel [5] Group 5: Q1 Earnings Expectations - The construction sector is expected to see a 12.8% decline in earnings for Q1, a decrease from the previous quarter's growth of 1.1% [6] - Revenues are projected to decline by 3.3%, indicating a slowdown from the prior quarter's growth of 1.6% [6] Group 6: Company Highlights - Dream Finders Homes is expected to report a first-quarter EPS of 61 cents, reflecting a 10.9% growth year-over-year [11] - Primoris Services anticipates a first-quarter EPS of 72 cents, representing a 53.2% increase from the previous year [13] - Potlatch is projected to report a first-quarter EPS of 20 cents, improving from break-even earnings a year ago [14] - Martin Marietta Materials expects a first-quarter EPS of $1.92, a slight decline from the previous year [15] - MasTec is likely to report a first-quarter EPS of 34 cents, indicating a significant 361.5% growth year-over-year [16]

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 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 (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, Inc. (NYSE:MTZ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations José Mas - Chief Executive Officer Paul DiMarco - Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Sangita Jain - KeyBanc Capital Markets Inc. Andrew Kaplowitz - Citigroup Inc. Justin Hauke - Robert W. Baird & Co. Adam Thalhimer - Thompson Davis & Co. Atidrip Modak - Goldman Sachs Brian Brophy - Stifel Financial Corp. Br ...