MasTec Gains From Public Spending & Buyouts Amid Project Delays

Key Takeaways MTZ posted a record $16.8B 18-month backlog, up 21%, led by strong demand in Pipeline Infrastructure.MasTec's acquisitions and diversification lifted communications, power delivery and clean energy revenues.MTZ faces permitting and weather delays, but $2B liquidity supports organic investment and disciplined M&A.MasTec, Inc. (MTZ) is benefiting from record project backlogs and robust demand across multiple end markets, led by its Pipeline Infrastructure segment. Increased multi-year government ...