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Tantalus Systems Announces Voting Results for Annual General and Special Meeting
Newsfile· 2025-06-10 21:00
Burnaby, British Columbia--(Newsfile Corp. - June 10, 2025) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, today announced the voting results of the Company's annual general and special meeting of shareholders held on June 10, 2025 (the "Meeting"). Election of DirectorsThe following eight nominees of management were elected as directors at the Meeting. The vo ...
MasTec Gains 18% in 3 Months: Should Investors Buy the Stock Now?
ZACKS· 2025-05-19 16:06
Core Viewpoint - MasTec, Inc. has shown strong performance in the infrastructure construction sector, with significant stock gains and positive earnings results, indicating robust growth potential for 2025 and beyond [1][2][19] Stock Performance - MasTec's shares have increased by 18.8% over the past three months, outperforming the Zacks Building Products - Heavy Construction industry's growth of 7.1% and the broader Construction sector's rise of 0.8% [1] - The stock has also surpassed the S&P 500 index, which fell by 3% during the same period [1] Financial Results - In the first quarter of 2025, MasTec reported earnings and revenues that exceeded the Zacks Consensus Estimate, with a year-over-year revenue increase of 6% [2] - The company raised its 2025 guidance due to strong momentum in its non-pipeline business [2] Business Segmentation - MasTec's non-pipeline segments have shown significant growth, with revenues increasing by 21% year over year, driven by demand for broadband infrastructure, grid modernization, and clean energy projects [6] - The Communications Segment is experiencing steady demand, supported by broadband expansion and data center investments [7] Backlog and Contract Growth - As of March 31, 2025, MasTec's backlog reached $15.88 billion, reflecting a 23.7% year-over-year increase and an 11% sequential increase, driven by strong bookings across all segments [10] - The Clean Energy and Infrastructure segment's backlog also increased to a record level of $4.4 billion, indicating resilience despite potential challenges [11] Market Outlook - Analysts have revised earnings estimates for MasTec upward to $6.12 for 2025, representing a growth of 54.9% from the previous year [13] - The company's diversified business model and strong backlog position it well for continued growth in the infrastructure sector [18] Valuation - MasTec's current valuation appears stretched compared to industry averages, with a forward 12-month Price/Earnings ratio indicating potential concerns about sustainability if future performance does not meet expectations [16]