The company is specialized in the engineering, building, installation, maintenance, and upgrade of energy, utility, and communications infrastructure, including electrical utility transmission and distribution; power This authorization is in addition to $129 million in open share repurchase authorization plans as of December 31, 2019, under which to date, MasTec has completed share repurchases approximating … MasTec Canada Inc. is a diversified infrastructure construction company that operates throughout Canada with a focus on the four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba. MasTec (MTZ) is benefiting from strong backlog, acquisitions and encouraging market prospects. ... Jul 2017 – Jul 2020 3 years 1 month. These statements are based on currently available operating, financial, economic and other information, and are subject to a number of significant risks and uncertainties. Furthermore, forward-looking statements speak only as of the date they are made. The COVID-19 pandemic has had a negative impact on the Company's operations and the Company expects some continued negative impact for the remainder of 2020. Inclusive of currently expected COVID-19 impacts, the Company estimates 2020 annual revenue of approximately $7.0 billion, with 2020 annual GAAP net income and diluted earnings per share expected to approximate $314 million and $4.27, respectively. Jose Mas, MasTec's Chief Executive Officer, commented, "The resilience, dedication and focus of the men and women of MasTec resulted in strong second quarter results that exceeded our expectation during these unprecedented times. History 1985 Mastec AB is founded by the Carlsson family from Skillingaryd, Sweden. Guidance for the Three Months Ended September 30, 2020 Est. (a)  All prior year periods have been updated to conform with the current period presentation. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The pyrometer is also known as temperature gun or infrared thermometer. All prior year periods have been updated to conform with the current period presentation. However, project delays may offset the positives. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Safety is the core of everything we do, and our Safety Management System is designed to assist in identifying trends and continuous improvement opportunities. Case Number: 1:2020cv20263 Filed: January 21, 2020 Court: US District Court for the Southern District of Florida Filing fees $ 400.00 receipt number 113C-12325199, filed by Mastec Renewables Puerto Rico LLC. Net acquisitions/divestitures can be defined as the total change in cash resulting from both investments in businesses and sales of businesses or business segments. MasTec General Information Description MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. MasTec, Inc. (NYSE:MTZ) Q3 2020 Earnings Conference Call October 30, 2020 9:00 AM ET Company Participants Marc Lewis - Vice President of Investor Relations Jose Mas - … During the period from 2010 to 2020, MasTec Depreciation Amortization and Accretion regression line of anual values had slope of 17,147,181 and arithmetic mean of MasTec, Inc. MTZ continues to reward shareholders through stock buybacks. Chicago, October 19, 2020 – BMI Mergers and Acquisitions announces the successful acquisition of AmberLeaf a Chicago based IT Services company by Pittsburgh headquartered, Mastech Digital, Inc. AmberLeaf offers managed services for companies sales, marketing, customer service, and information applications across a multitude of cloud-based applications. The call-in number for the conference call is (323) 794-2094 or (800) 263-0877 and the replay number is (719) 457-0820, with a pass code of 5797259. 2020 annual adjusted EBITDA, a non-GAAP measure, is expected to be $800 million, or 11.4% of revenue, and 2020 annual adjusted diluted earnings per share, a non-GAAP measure, is expected at $4.93. The tables may contain slight summation differences due to rounding. Third quarter 2020 revenue was $1.7 billion, with third quarter cash flow from operations of $216.0 million, enabling a sequential $129 million re… MasTec Depreciation Amortization and Accretion yearly trend continues to be fairly stable with very little volatility. The Company's website should be considered as a recognized channel of distribution, and the Company may periodically post important, or supplemental, information regarding contracts, awards or other related news and webcasts on the Events & Presentations page in the Investors section therein. As of June 30, 2020, the Company had net debt, defined as total debt less cash, of $1.19 billion. 1998 Swedform Metall was sold to the US firm, Chatham Inc. … A variety of factors, many of which are beyond our control, could cause actual future results to differ materially from those projected in the forward-looking statements. Reflects revised estimate for tax effects as compared to earnings release filed on February 27, 2020. The Company's 2020 annual revenue expectation includes the impact of lower than expected third and fourth quarter Oil & Gas segment revenue, as regulatory delays on two large projects is expected to cause lower 2020 project activity, shifting awarded project activity into 2021. MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. During the period from Adjusted Diluted Earnings per Share Reconciliation. MasTec Canada. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the Investors section of the Company's website at www.mastec.com. Second quarter 2020 revenue was $1.57 billion, with second quarter cash flow from operations of $293 million, enabling a $177 million reduction in total debt levels. © 2020 MasTec Inc. - IR site All Rights Reserved. MasTec, Inc. MTZ is reaping benefits from significant amount of project awards across multiple segments, accretive acquisitions and solid construction spending. The company’s board of directors has authorized the addition of … MasTec Inc () Q2 2020 Earnings Call Jul 31, 2020, 9:00 a.m. Joining forces with MasTec will give Pumpco the added capabilities and resources to grow in our rapidly expanding markets and we are excited to be a part of MasTec's ongoing diversification and growth strategy." (Attachments: #1 Civil Cover Sheet, #2 Summon(s), #3 Summon(s))(Widlanski, Benjamin) Please check your download folder. MasTec General Information Description. In 2015, MNS set a goal to reduce our intensity based GHG emissions by 15% by 2020. Strong Prospects: MasTec has a strong growth potential for 2020 and 2021, given a record backlog of $8.3 billion at March-end, up $367 million sequentially and $327 million year over year. ", George Pita, MasTec's Executive Vice President and Chief Financial Officer noted, "We opportunistically took advantage of market conditions shortly after the end of the second quarter to further strengthen our capital structure by offering $600 million in new senior unsecured notes with a favorable 4.50% coupon, which is expected to close on August 4, 2020 subject to customary conditions. The replay will run for 30 days. We are now truly a brain and muscle … MasTec Net Cash Flow Investment Acquisitions and Disposals yearly trend continues to be fairly stable with very little volatility. MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. Adjusted net income, adjusted diluted earnings per share and adjusted EBITDA, which are all non-GAAP measures, exclude certain items which are detailed and reconciled to the most comparable GAAP-reported measures in the attached Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures. CORAL GABLES, Fla., March 19, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its Board of Directors has authorized the repurchase of up to $150 million of MasTec common stock. This transaction allows the company to better benefit from higher growth and earnings." MasTec has been acquiring smaller companies for several years, according to industry sources. Join to Connect. We believe these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations. ... a MasTec company MasTec. As of July 27, 2020, MasTec, Inc. had 73,818,180 shares of common stock outstanding. MasTec has been benefiting from continues flow of project awards, major expansion in 5G and FirstNet, wireline/fiber deployment, as well as accretive acquisitions … Europe is the largest producer of pyrometers, occupying for over 38% of market share in 2016; North America is the largest producer, with a market share of 21.7% in 2016. Tax effects are determined based on the tax treatment of the related item, the incremental statutory tax rate of the jurisdictions pertaining to the adjustment, and their effect on pre-tax income. MasTec, Inc. (NYSE:MTZ) Q3 2020 Earnings Conference Call October 30, 2020 9:00 AM ET Company Participants Marc Lewis - Vice President of Investor Relations Jose Mas - … MasTec annual/quarterly net acquisitions/divestitures history and growth rate from 2006 to 2020. A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). The following tables set forth the financial results for the periods ended June 30, 2020 and 2019: (unaudited - in thousands, except per share information), Costs of revenue, excluding depreciation and amortization, Equity in earnings of unconsolidated affiliates, Net (loss) income attributable to non-controlling interests, Basic weighted average common shares outstanding, Diluted weighted average common shares outstanding, Net cash provided by operating activities, Net (decrease) increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures, (unaudited - in millions, except for percentages and per share information), Non-cash stock-based compensation expense, Adjusted EBITDA Margin by Reportable Segment. MasTec Inc (MTZ) Q2 2020 Earnings Call Transcript Why 3M, Textron, and MasTec Stocks All Popped 5% (Or More) Today A Strong Q1 Sends MasTec Shares Soaring 13% Early Friday Other large acquisitions in the wireless infrastructure The machine has 1200 tons clamping force, which means that we expand our offer to be … Third quarter 2020 GAAP net income is expected to approximate $106 million with GAAP diluted earnings per share expected to approximate $1.45. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. Analyze MasTec Inc Net Cash Flow Business Acquisitions and Disposals. EBITDA and Adjusted EBITDA Reconciliation, EBITDA and Adjusted EBITDA Margin Reconciliation. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Solid Inorganic Moves: Acquisitions have been MasTec’s preferred mode of solidifying the product portfolio and leveraging new business opportunities. For the three and six month periods ended June 30, 2019, includes the effects of changes in Canadian provincial statutory tax rates. This press release does not constitute an offer to sell or a solicitation of an offer to buy the new senior unsecured notes (the "Offering") or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Second quarter 2020 adjusted EBITDA, also a non-GAAP measure, was $165.7 million also exceeding the high end of the Company's guidance expectation by approximately $6 million. Sep 2018 – Apr 2020 1 year 8 months. Specific factors that might cause such a difference include, but are not limited to: risks related to the completion of the Offering and the redemption of the 2023 Notes; risks related to adverse effects of health epidemics and pandemics or other outbreaks of communicable diseases, such as the COVID-19 pandemic; market conditions, technological developments, regulatory changes or other governmental policy uncertainty that affects us or our customers' industries; the effect on demand for our services of changes in the amount of capital expenditures by our customers due to, among other things, economic conditions, including potential adverse effects of public health issues, such as the COVID-19 pandemic on economic activity generally, our customers and our operations, commodity price fluctuations, the availability and cost of financing, and customer consolidation in the industries we serve; activity in the oil and gas, utility and power generation industries and the impact on our customers' expenditure levels caused by fluctuations in prices of oil, natural gas, electricity and other energy sources; our ability to manage projects effectively and in accordance with our estimates, as well as our ability to accurately estimate the costs associated with our fixed price and other contracts, including any material changes in estimates for completion of projects and estimates of the recoverability of change orders; the timing and extent of fluctuations in operational, geographic and weather factors affecting our customers, projects and the industries in which we operate; the highly competitive nature of our industry and the ability of our customers, including our largest customers, to terminate or reduce the amount of work, or in some cases, the prices paid for services, on short or no notice under our contracts, and/or customer disputes related to our performance of services and the resolution of unapproved change orders; risks related to completed or potential acquisitions, including our ability to identify suitable acquisition or strategic investment opportunities, to integrate acquired businesses within expected timeframes and to achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected, including the risk of potential asset impairment charges and write-downs of goodwill; our dependence on a limited number of customers and our ability to replace non-recurring projects with new projects; risks associated with potential environmental, health and safety issues and other hazards from our operations, as well as the potential for liability as a result of the COVID-19 pandemic, including issues with regulators or claims alleging exposure to COVID-19 relating to our operations or facilities; disputes with, or failures of, our subcontractors to deliver agreed-upon supplies or services in a timely fashion, and the risk of being required to pay our subcontractors even if our customers do not pay us; risks related to our strategic arrangements, including our equity investments; any exposure resulting from system or information technology interruptions or data security breaches; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; the effect of state and federal regulatory initiatives, including costs of compliance with existing and potential future safety and environmental requirements, including with respect to climate change; the effect of federal, local, state, foreign or tax legislation and other regulations affecting the industries we serve and related projects and expenditures; the adequacy of our insurance, legal and other reserves; the outcome of our plans for future operations, growth and services, including business development efforts, backlog, acquisitions and dispositions; our ability to maintain a workforce based upon current and anticipated workloads; our ability to attract and retain qualified personnel, key management and skilled employees, including from acquired businesses, and our ability to enforce any noncompetition agreements; fluctuations in fuel, maintenance, materials, labor and other costs; risks related to our operations that employ a unionized workforce, including labor availability, productivity and relations, as well as risks associated with multiemployer union pension plans, including underfunding and withdrawal liabilities; risks associated with operating in or expanding into additional international markets, including risks from fluctuations in foreign currencies, foreign labor and general business conditions and risks from failure to comply with laws applicable to our foreign activities and/or governmental policy uncertainty; restrictions imposed by our credit facility, senior notes, and any future loans or securities; our ability to obtain performance and surety bonds; a small number of our existing shareholders have the ability to influence major corporate decisions; risks associated with volatility of our stock price or any dilution or stock price volatility that shareholders may experience in connection with shares we may issue as consideration for earn-out obligations or as purchase consideration in connection with past or future acquisitions, or as a result of other stock issuances; as well as other risks detailed in our filings with the Securities and Exchange Commission. I think this is just a customary time that we would take to make sure that the acquisitions that we make are going to work for us long term. MasTec, Inc. is a leading national MasTec has been benefiting from continues flow of project awards, major expansion in 5G and FirstNet, wireline/fiber deployment, as well as accretive acquisitions … Less than one year ago MasTec acquired Dynis for an undisclosed amount. Moreover, its strong liquidity position and focus on protecting shareholder … CORAL GABLES, Fla., July 30, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected second quarter 2020 financial results and updated its guidance for the remainder of 2020. This authorization is in addition to $129 million in open share repurchase authorization plans as of December 31, 2019, under which to date, MasTec has completed share repurchases approximating … (a)  Includes the costs expected to be incurred in connection with the refinancing of the existing $400 million 4.875% senior unsecured notes. CORAL GABLES, Fla., Nov. 30, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in fireside … Depreciation Amortization and Accretion will likely drop to about 205 M in 2020. Q2FY21 Total Income at … If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. NYSE:MTZ Past and Future Earnings May 4th 2020 Taking into account the latest results, the most recent consensus for MasTec from six analysts is for revenues of US$7.41b in 2020 … MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. Strong Prospects: MasTec has a strong growth potential for 2020 and 2021, given a record backlog of $8.3 billion at March-end, up $367 million sequentially and $327 million year over year. Most of MasTec's construction services have been deemed essential under state and local pandemic mitigation orders, and all its business segments have continued to operate. CORAL GABLES, Fla., March 19, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its Board of Directors has authorized the repurchase of up to $150 million of MasTec common stock. For the 3 month period ending September 30, 2019, includes foreign and/or state statutory rate changes. View original content:http://www.prnewswire.com/news-releases/mastec-announces-better-than-expected-second-quarter-2020-results-and-record-second-quarter-backlog-301103491.html, J. Marc Lewis, Vice President-Investor Relations, 305-406-1815, 305-406-1886 fax, marc.lewis@mastec.com, MasTec Announces Better Than Expected Second Quarter 2020 Results and Record Second Quarter Backlog, For the three and six month periods ended, Includes the costs expected to be incurred in connection with the refinancing of the existing, (a)  Includes the costs expected to be incurred in connection with the refinancing of the existing, Reflects revised estimate for tax effects as compared to earnings release filed on, http://www.prnewswire.com/news-releases/mastec-announces-better-than-expected-second-quarter-2020-results-and-record-second-quarter-backlog-301103491.html. 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