MasTec, Inc.
 (MTZ)

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  • May 13, 2015, 5:41 PM
    | May 13, 2015, 5:41 PM
  • May 12, 2015, 10:14 AM
    • MasTec (MTZ -13%) shares have taken a plunge after Q1 results heavily missed profit estimates.
    • "We had a difficult start to 2015," said CEO Jose Mas, blaming tough winter weather and the weak Canadian dollar.
    • Adjusted net income from continuing operations was $5.6M, or $0.07 per share vs. $18.2M, or $0.21 per share in the same quarter a year ago.
    | May 12, 2015, 10:14 AM | 1 Comment
  • Mar. 18, 2015, 12:45 PM
    | Mar. 18, 2015, 12:45 PM
  • Nov. 10, 2014, 12:59 PM
    | Nov. 10, 2014, 12:59 PM | 1 Comment
  • Jun. 30, 2014, 2:58 PM
    • MasTec (MTZ +3.6%) says it acquired Pacer Construction Holdings and its affiliated operating companies for ~$126M in cash plus a five-year contingent earn-out.
    • Pacer is a contractor in western Canada which focuses on infrastructure construction supporting the oil and gas production/processing, mining and transportation industries.
    • MTZ also says it amended its senior secured credit facility, increasing aggregate borrowing commitments to $1B from $750M.
    | Jun. 30, 2014, 2:58 PM | 1 Comment
  • Jun. 2, 2014, 12:51 PM
    • MasTec (MTZ -10.8%) shares plunge after the infrastructure construction company over the weekend lowered its outlook for Q2 earnings and revenue.
    • MTZ now sees Q2 EPS of $0.40 from $0.53 earlier and Q2 revenues of ~$1.1B vs. prior $1.15B-$1.2B, expecting results to be hurt by new and unexpected delays in the wireless project spending activity as well as weaker than anticipated oil and gas segment results.
    • More downside guidance could be in store; although management did not lower guidance for H2 2014, the door was left open to do so on the Q2 conference call.
    | Jun. 2, 2014, 12:51 PM
  • Jun. 2, 2014, 9:16 AM
    | Jun. 2, 2014, 9:16 AM
  • Jan. 10, 2013, 2:18 PM
    Shares of China Ming Yang Wind Power (MY +35.2%) soar as China reportedly plans to double its 2013 wind power capacity from last year and is aiming for 10 GW of installed power, up from 7 GW at year-end 2012. Also: BWEN +3.8%, FAN +2.9%, OPTT +1.4%, TRN +0.3%, MTZ +0.2%, KDN +0.1%.
    | Jan. 10, 2013, 2:18 PM
  • Aug. 2, 2012, 6:03 PM
    MasTec (MTZ): Q2 EPS of $0.37 beats by $0.02. Revenue of $992M (+38% Y/Y) beats by $91M. Shares +9.5% AH. (PR)
    | Aug. 2, 2012, 6:03 PM | 1 Comment
  • Mar. 1, 2012, 10:08 AM

    Shares of MasTec (MTZ) shoot up 11.4% after the firm beats EPS estimates by a penny with its Q4 report. The company says it 18-month backlog increased 38% to $3.3B and sees 2012 revenue of $3.25B.

    | Mar. 1, 2012, 10:08 AM
  • Dec. 16, 2011, 10:06 AM

    Shares of MasTec (MTZ +7%) take a turn north after announcing it tacks on $75M to its stock repurchase program. The addition brings the firm's authorization to purchase shares up to $150M.

    | Dec. 16, 2011, 10:06 AM
  • Dec. 2, 2011, 10:31 AM

    Infrastructure contractor MasTec (MTZ +4.5%) moves up after saying it's secured an extension of its wireless contract work with its single largest customer for an another three years, naming it a primary vendor for its prior markets and a secondary vendor in two new markets.

    | Dec. 2, 2011, 10:31 AM
  • Nov. 3, 2011, 5:22 PM

    Infrastructure contractor MasTec (MTZ) falls 13.3% AH after reporting Q3 results. Though revenue of $865.3M beat by $89M and was up 39% Y/Y, EPS of $0.36 was only in-line, and up just a penny from the year-ago period. MasTec attributes this margin decline to bad weather in the Marcellus Shale Basin, which has continued in Q4, and weak margins in its wireless business.

    | Nov. 3, 2011, 5:22 PM
  • Sep. 27, 2011, 1:26 PM

    Unitek Global Services (UNTK +15%) jumps after being initiated at Wunderlich with a buy, calling it an infrastructure play similar to MasTec (MTZ +3.5%) as it was five or six years ago. Wunderlich says the company has "a national presence, a unique shared services model, an excellent reputation, experienced management team, and over 5,000 employees."

    | Sep. 27, 2011, 1:26 PM
  • Aug. 26, 2011, 3:23 PM
    FBR thinks some engineering and construction firms will gain from Irene's impact. Pike Electric (PIKE +5.5%), a provider of emergency response services for electric utilities, is expected to benefit, as are contractors Quanta Services (PWR +4.7%), MasTec (MTZ +5.7%), Dycom (DY +5.4%), UniTek (UNTK +8.1%), and EMCOR (EME +3.4%).
    | Aug. 26, 2011, 3:23 PM
Company Description
MasTec Inc is an infrastructure construction company. It is engaged in engineering, building, installing, maintaining, and upgrading energy, communication, and utility infrastructure in North America.