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]

Group 1 - MasTec, Inc. (NYSE: MTZ) is well-positioned to benefit from its strong backlog, which provides good visibility for near-term revenue growth [1] - The company is expected to experience growth driven by several secular and regulatory factors across its segments [1] - In the Communications segment, MasTec is anticipated to benefit from ongoing industry trends and regulatory support [1]

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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 ...

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 ...

Financial Data and Key Metrics Changes - Fourth quarter revenue was $3.4 billion, adjusted EBITDA was $271 million, a 20% year-over-year increase, and adjusted EPS was $1.44, more than double last year's fourth quarter [6][7]. - For the full year 2024, revenue was $12.3 billion, adjusted EBITDA was $1.06 billion, also an almost 20% year-over-year increase, and full year adjusted EPS was $3.95 [7][24]. - Cash flow from operations for 2024 was $1.1 billion, with net debt reduced by over $700 million for the year [7][25]. Business Line Data and Key Metrics Changes - Communications segment revenue increased by 28% year-over-year in the fourth quarter, with EBITDA up 67% [11]. - Power Delivery segment revenue grew by about 16% year-over-year in the fourth quarter, with expectations for double-digit growth in 2025 [13]. - Clean Energy and Infrastructure segment revenue was up 18% year-over-year in the fourth quarter, with EBITDA more than doubling [15][29]. - Pipeline segment revenue was down year-over-year and sequentially, with guidance for 2025 revenue at approximately $1.8 billion [14][30]. Market Data and Key Metrics Changes - The backlog at year-end totaled $14.3 billion, an increase of over $400 million sequentially and almost $2 billion year-over-year, representing a record level for the company [25][26]. - The company expects non-pipeline revenues to increase by 14% and non-pipeline EBITDA to grow over 25% in 2025, supported by strong customer demand [8][9]. Company Strategy and Development Direction - The company is focused on cultivating the best talent in the industry and preparing the workforce for future demands [10]. - There is a strong emphasis on modernizing and rebuilding America's infrastructure, with a diversified business model that allows for integrated solutions at scale [19][20]. - The company aims to improve margins significantly while maintaining strong revenue growth, which is expected to lead to substantial value creation for stakeholders [21][20]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the unprecedented level of demand across all segments, indicating that this is not a short-term bubble but a fundamental need for infrastructure support [10]. - The company anticipates continued backlog growth in all segments during 2025, despite potential lumpiness in project awards [56]. - Management highlighted optimism regarding the pipeline business, expecting revenues in 2026 and beyond to exceed 2024 levels [40][116]. Other Important Information - The company has successfully advanced acquisition integration efforts and strengthened its balance sheet through debt reduction [22]. - The company is committed to maximizing return on investment while supporting organic growth, with share repurchases remaining opportunistic [35]. Q&A Session Summary Question: Pipeline business revenue expectations for 2026 - Management confirmed that they expect pipeline revenues in 2026 to exceed 2024 levels due to increased optimism and project activity [40]. Question: M&A strategy given strong cash flow - The focus will be on organic growth first, with potential tuck-in acquisitions considered to meet goals more quickly [42]. Question: Clean Energy segment margins - Margins were driven by execution, with expectations for continued improvement in 2025 [44][46]. Question: Backlog growth in all segments - Management expects backlog growth in every segment during 2025, despite historical lumpiness in project awards [56]. Question: Growth profile in Communications - The growth is primarily driven by new contracts and existing customer demand, with limited reliance on new funding sources [57][60]. Question: Capacity for large transmission projects - The company is prepared to take on additional large projects and is optimistic about securing more contracts in 2025 [94]. Question: Pipeline margins and revenue guidance - The guidance reflects a decline in revenue due to fixed costs, but management remains confident in margin capabilities [96][97].