Investors with a lot of money to spend have taken a bullish stance on MasTec (NYSE:MTZ).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MTZ, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 8 unc ...

Management described steady commercial demand supported by population migration to the Sun Belt, reshoring of manufacturing and supply chains, and continued build-out of AI-related infrastructure. Smith cited examples of projects the company is bidding or executing, including work tied to distribution facilities, manufacturing, and data-center-related infrastructure.The company ended the quarter with a project backlog of $3.09 billion as of December 31, 2025. Hoffman said approximately 80% to 85% of the nex ...

This acquisition represents our twelfth hot mix plant in the Houston market, further strengthening our geographic footprint and providing incremental throughput opportunities at our nearby liquid asphalt terminal at the Houston Port. Last August, we made our first entry into the Houston market with our acquisition of Durwood Green Construction, and then we significantly expanded operations in October with the acquisition of Vulcan's Asphalt Construction assets in Houston. With the addition of GMJ, we are fu ...

Financial Data and Key Metrics Changes - First quarter revenue increased by 44% year-over-year, reaching $809.5 million, with 3.5% organic growth and 40.6% from acquisitions [5][14] - Adjusted EBITDA rose by 63% to $112.2 million, with an adjusted EBITDA margin of 13.9%, the highest first quarter margin in company history [5][15] - Net income was reported at $17.2 million, while adjusted net income was $26.4 million, translating to adjusted earnings per diluted share of $0.47 [15] Business Line Data and Key Metrics Changes - The company has a project backlog of $3.09 billion, indicating strong demand across its markets [5][18] - The commercial sector is experiencing steady project bidding, supported by population migration to the Sun Belt and reshoring trends [6][8] - The public sector is expected to see a 10%-15% increase in contract awards for FY 2026 compared to FY 2025, particularly in small and medium-sized maintenance projects [8][9] Market Data and Key Metrics Changes - The company is actively participating in approximately 1,000 commercial sector projects across eight states [7] - The federal and state governments are continuing to invest in infrastructure, which is expected to drive demand for the company's services [8][9] Company Strategy and Development Direction - The company aims to double its revenue to over $6 billion by 2030, targeting an EBITDA margin growth to approximately 17% [12][13] - Recent acquisitions, including GMJ Paving Company, are part of a strategy to strengthen market position and expand geographic footprint [10][11] - The company is focused on both organic growth and strategic acquisitions to enhance shareholder value [12][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for infrastructure projects and the positive impact of recent acquisitions on future growth [9][10] - The company anticipates a robust pipeline of acquisition opportunities and plans to continue using cash flow from operations to fund these acquisitions [81][82] - Management remains optimistic about the reauthorization of the Surface Transportation Program, expecting increased funding for infrastructure projects [82][83] Other Important Information - Cash flow from operations was $82.6 million in Q1, up from $40.7 million in the same quarter last year [16] - The company expects to convert 75%-85% of EBITDA to cash flow from operations in FY 2026 [17] Q&A Session Summary Question: Can you provide more details on the acquisition pipeline? - Management indicated a robust pipeline with a mix of platform deals and tuck-ins, emphasizing strategic and cultural fit in acquisitions [24][25] Question: What is the size and scope of the data center project mentioned? - Management clarified that data centers are part of their commercial projects, with ongoing demand in southern and southeastern markets [28][29] Question: How do you expect to achieve the organic growth target of 7%-8% for the year? - Management explained that delays in project starts and competitive dynamics affected Q1 organic growth but reaffirmed the full-year target [34][35] Question: What is the outlook for public sector bidding? - Management expects public sector contract awards to increase by 10%-15% this year, with steady demand in the commercial market as well [50][54] Question: How confident are you in reducing leverage to 2.5 times by year-end? - Management expressed confidence in achieving the leverage target through strong cash flow generation and strategic acquisitions [78][81]

February 2, 2026 03:03 AM GMT 中国⸺经济温度计 | Asia Pacific 开门红能持续么？ 地方政府GDP增速目标略微降至5%左右。这反映了中央导向 更为务实，适度减少对投资刺激的预期。而在房地产领域， 尽管市场憧憬不断，我们预计只会采取温和的定向举措。26 年宏观上依然处于调整探索。 各省下调增长目标：过⸼一周，地方两会陆续⺉开，省级政府工作报告释放的⮤ 步信⺙显示今年增长目标有所回落。多数省份维持目标不，或较⸼年小幅下调 ( Exhibit 1 )。我们认为： 房地产宽松叙事升温，但暂无大招出台：多家媒体于1月29日报道称，房企已无需 再向监管部门按月报送"三条红线"指标（现金短债比、资产负债率、⬘负债 率）。我们认为： • 此为象征性宽松："三条红线"对房企的实际约束ⱱ已明显下降。当⯥的 核心风险更多来自于债ⱷ⮠性之下，房地产量价齐跌使得房企预售款回 落，以⹖由此所导致的再融资ⷭⱱ。"三条红线"最⮤旨在为楼市降温而 推，在市场经ⷧ了大幅调整后，其相关性已然⬵弱。 This translated report is made available for convenien ...

Nanterre, 2 February 2026 VINCI awarded a hydraulic contract in Jamaica A design-build project covering 68 km of drinking water pipelines A €144 million contractA strategic project to make the country more climate resilient Jamaica’s National Water Commission (NWC) chose VINCI Construction Grands Projets to carry out a project within phase 1 of the Western Water Resilience Programme. This investment plan seeks to renovate and develop the drinking water network in the north-west of the country, where dem ...

证券代码：002061 证券简称：浙江交科 公告编号：2026-002 浙江交通科技股份有限公司 2025年第四季度建筑业经营情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 3 号——行业信息披露》等相关规定，浙江交通科技股份有限公司现将子 公司浙江交工集团股份有限公司（以下简称"浙江交工"）2025 年第四季度建筑 业经营情况简报如下： 一、订单情况 1.项目概况 的关联交易公告》。截至本公告日，本项目投资协议、股东协议已签署，施工协 议尚未签署。 | 序号 | 项目名称 | 合同金额 | 业务模式 | 工期 | 履约情况 | | --- | --- | --- | --- | --- | --- | | | | （万元） | | | | | | 瑞苍高速公路（龙 | | | | 正在履行，合同已签，已完成 项目施工的 100.00%，不存在 | | 1 | 丽温至甬台温复 | 226,814.50 | 施工总承包 | 个月 30 | 未按合同约定及时结算与回 | | | ...

Group 1 - VINCI Construction has agreed to acquire Fletcher Construction for NZ$315.6 million ($184 million), with the potential to increase to NZ$334.1 million based on ongoing contracts [1][2] - The acquisition includes Fletcher Construction Holdings and its three business units: Higgins, Brian Perry Civil, and Fletcher Construction Major Projects, which focus on civil construction, structures, and large infrastructure developments [2][3] - The South Pacific operations of Fletcher Construction are excluded from the deal, and responsibilities for previously completed projects will be managed separately [3][4] Group 2 - Fletcher Construction employs approximately 2,300 people in New Zealand and reports annual revenue of about €630 million, with these employees transferring to VINCI upon completion of the acquisition [3][4] - The company specializes in a wide range of infrastructure projects, including hydraulic, maritime, and renewable energy sectors, and will retain responsibility for legacy construction matters not included in the deal [4][5] - VINCI aims to expand its presence in New Zealand's civil engineering and infrastructure market with this acquisition, complementing its existing subsidiary HEB Construction [6]

Core Insights - Ongoing public and private investment is driving demand in the U.S. infrastructure construction sector, with significant activity in transportation, utilities, energy, and data centers [1] - Sterling Infrastructure (STRL) and MasTec, Inc. (MTZ) are well-positioned contractors benefiting from strong project activity and customer demand [1][2] Company Overview: Sterling Infrastructure (STRL) - STRL focuses on higher-margin site development and mission-critical projects, particularly in E-Infrastructure, which is driven by data center and industrial work [2][4] - The E-Infrastructure segment is the primary growth driver, with revenues from data centers increasing over 125% year-over-year in Q3 2025 [5] - STRL reported a backlog of $2.6 billion in Q3 2025, a 64% increase year-over-year, providing visibility through 2026 [7] Company Overview: MasTec, Inc. (MTZ) - MTZ benefits from diversified demand across communications, clean energy, power delivery, and pipeline infrastructure [8][10] - The company reported a record backlog of $16.78 billion as of Q3 2025, reflecting a 21.1% year-over-year increase [12] - MTZ's Power Delivery segment revenues increased by 16.8% year-over-year, driven by investments in transmission and distribution upgrades [10] Financial Performance and Valuation - STRL's earnings estimates for 2026 remain unchanged at $11.95 per share, indicating a 14.6% expected growth year-over-year [17] - MTZ's earnings estimates for 2026 also remain unchanged at $8.20 per share, indicating a higher expected growth of 28.3% year-over-year [19] - STRL is currently trading at a discount compared to MTZ on a forward 12-month price-to-earnings (P/E) ratio basis [15] Investment Outlook - Both companies are positioned to benefit from sustained U.S. infrastructure spending, but STRL shows stronger momentum in mission-critical projects and higher-margin work [20] - STRL's recent share price performance and discounted valuation suggest it may be the more compelling investment at this time compared to MTZ [20]

Core Viewpoint - VINCI Construction is set to enhance its presence in New Zealand through the acquisition of Fletcher Construction, a subsidiary of Fletcher Building Group, with the deal expected to be finalized in 2026 [1][2]. Company Overview - Fletcher Construction, established in 1909, employs 2,300 people and generates an annual revenue of approximately €630 million (NZ$1.3 billion) [2]. - The company specializes in hydraulic, maritime, port, airport, railway, and road works, and is expanding its activities in renewable energies [2]. Market Position - This acquisition, alongside HEB Construction, positions VINCI Construction as a significant player in New Zealand's growing infrastructure construction market [2][6]. - VINCI Group reported revenue exceeding €900 million in New Zealand in 2024, indicating a strong market presence [3].