But I was wondering what the primary driver there was and if it was particularly related to the headcount? Other Sites Basically, if you don't have a lot of backlog today, the next 1.5 years will be tough. So I think this first half of 2020 actually exemplifies what our future business should look like from a margin effective based on the fact that the large pipelines that we're working on are pretty much all delayed until the second half of this year. United Rentals continued to perform well in 2019, in what was a year of steady progress for our company. MasTec (MTZ) Investor Presentation - Slideshow. These are just organic comments. December 10, 2020 . September 10, 2020 . More importantly, margins on a year-over-year basis are expected to be relatively flat at 11.4% EBITDA margins versus 11.7% last year. I was wondering if there's any particular change there. That's good color. We ended the quarter with DSOs at 90 days compared to 102 days last quarter. ET, Welcome to MasTec's Second Quarter 2020 Earnings Conference Call initially broadcast on July 31, 2020. While times are challenging and uncertain, opportunities always arise from these challenges. Andy, so as COVID hit, we, obviously we've been talking a long time about the investments we've been making in that business to prepare for what we think is going to be a really attractive cycle. I'm extremely optimistic about our future prospects. There's a lot of things that we're working on. Find out more about investor relations at GE. Mastec has climbed more than 5% past a 49.96 entry in a first-stage cup without handle, meaning it's now out of a proper buy range.Look for the stock … These discussions will be followed by a Q&A period, and we expect the call to last about 60 minutes. We are truly in a challenging and unprecedented time as we continue to manage through the COVID-19 pandemic. And I think that I think the other side, right, has actually been very smart about how they've gone about attacking these. You did mention you're looking at sort of flattish oil and gas revenue into next year. We touched other parts of that business that we think we can continue to grow and build upon that would position us really well around an infrastructure bill. There are still some cities and municipalities where we haven't been able to work. So if revenue does stay a little weak in oil and gas over the medium term, what do you think of your ability to maintain price and your very high margin? Okay. Ladies and gentlemen, that will conclude today's conference call. Thanks, Jose, and good morning, everyone. Our peers don't make the margins that we do, so they don't have room. Permian Highway Pipeline was 10% of revenue. J. Marc Lewis -- Vice President of Investor Relations. Second quarter 2020 Oil and Gas segment adjusted EBITDA margin rate was 21.7% of revenue, continuing our strong performance trend with this performance, including the benefit of project mix comprised of reduced levels of lower-margin, cost-plus activity and continued strong project productivity on numerous smaller pipeline projects. So how do you think about the diversification of the business and how that might help you over the next couple of years? As a reminder, over the last three years, only 6% of our revenues have come from oil pipelines, with the majority of our business being tied to natural gas. We are seeing strong demand from our customers as they work to meet the demands in this changing environment. Between both the pandemic challenges and the impacts of demand and regulatory issues on our oil and gas markets, I think our financial guidance demonstrates the strength of our diversified portfolio and the efforts we have made over the years of having a strong, diversified service offering. In today's remarks by management, we will discuss adjusted financial metrics, as discussed and reconciled in yesterday's press release and supporting schedules. So I think that the results in the quarter show what we're capable of doing when things are somewhat normalized, right? While we are pleased with the expected 200 basis point improvement in 2020 Communications segment adjusted EBITDA margin rate, especially in light of challenging conditions in 2020, it is important to note that this performance level still leaves ample room for future improvement in 2021 and beyond as pandemic conditions normalize and telecommunications market trends continue to develop. By regular mail: Computershare P.O. Announces Proposed Senior Notes Offering. Oct 28, 2020 Crowded House Announce “To The Island” Tour March 2021. First, in the midst of a pandemic, our revenue guidance for 2020 is only down about $200 million or 3% less than 2019 full year revenue. Stantec is the third largest design firm in North America and is ranked top ten globally. Iberdrola, Comcast and Xcel Energy were each 5%. Thank you for your participation. We believe in that business. It's important to keep in mind that most of our services have been deemed essential under state and local pandemic mitigation orders, and all of our business segments have continued to operate. Nov 05, 2020 Waste Management Announces Pricing of $2.5 Billion Senior Notes. And next, just on the oil and gas. We've got an $800 million guidance number for EBITDA. We are fortunate that our business operations profile typically generates significant cash flow from operations, affording us the flexibility to invest strategically in efforts to maximize shareholder value. While margins were much improved in the quarter, our revenue has been negatively impacted by COVID. And again, I think that has a lot to do with where we are in the business, where our competitive position is. So I think, at the end of the day, we'll both benefit from a reduction in costs because the payroll will go down. Now the question is, will they be able to develop other strategies that work or not? And that is a very good thing that's happened during the quarter. Disney’s Fiscal Full Year and Q4 2020 Earnings Results Webcast. But I think we can get to double-digit margins over time, and I think that's important. If you experience any issues with this process, please contact us for further assistance. Operator? Our guidance assumes these impacts continue through year-end and also include the potential impacts of local permitting delays as some areas slow reopenings or even move back to more strict closures. Email Alerts. Obviously, you have a relatively large Canadian business, Mexico. We adapt to change easily, and we’re diversified organically and through acquisitions. Investor Relations. Tveka inte att kontakta oss om du saknar någon information eller har några frågor. Let's conquer your financial goals together...faster. There will be some things that go down. Hey hi, Jose, you talked about the increased fiber demand post COVID. Yes. ... J. Marc Lewis Vice President, Investor Relations. You can't have what they want without it. So it's a good question, Alex. We expect this will be resolved shortly. So there's a lot of things that we like. I think we've always said it. Our team has delivered, and I'd like to thank the men and women of MasTec for their sacrifices and their hard work. Please go ahead. Revenue was $426 million for the second quarter versus $250 million in the prior year, a 70% year-over-year increase. That's clear. We delivered profitable growth, both organically and through the impact of our acquisitions. Returns as of 12/14/2020. Investor Relations Home Profile. We're hearing about a lot of projects that our customers are on the bubble. Välkommen till Qliro Investor Relations. Live Nation Entertainment To Present At Liberty Investor Meeting. It is not what we think is going to be our long-term view of the business, but it could potentially get there. The size of those entities has probably increased a little bit. We're doing biogas, a lot of manufacturing-type work around meeting their energy needs as manufacturing continues to grow. IR Contact. Based on our expected strong cash flow, lower nominal interest rates and our recent senior notes offering, we expect annual 2020 interest expense levels to approximate $63 million, with this level only including currently executed share repurchase activity. This compares to earnings of … We'll now move to our next question from Jamie Cook of Credit Suisse. Jose? It should be noted that, for valuation modeling purposes that based on the timing of repurchases, our year-end 2020 share count will approximate 73 million shares, and that's inclusive of the full impact of the repurchases made to date. Click to enlarge. I mean it impacts your margins in the short term, and it ultimately benefits your margins in the long-term to a greater and I think we saw a lot of that with what we did in oil and gas years ago. Astec Industries, Inc. manufactures more than 100 products for a global customer base operating in the … We're doing ethanol. Investor Relations - Zutec This website uses cookies to help us understand how you interact with our site and what information you may be interested in. Note about picture: United Rentals was the primary rental equipment provider as the New York State Thruway Authority replaced the Tappan Zee Bridge with a new 3.1-mile state-of-the-art, twin-span bridge across the Hudson River 20 miles north of New York City. So first, I don't think any of us know what's going to ultimately be in an infrastructure bill and even if there's going to be an infrastructure bill, right? But as you look forward, how should we think about that mix of size of M&A targets? MasTec expects revenues between $1.5 and $1.6 billion. So now we need to and when I say backlog, not backlog as in customer rewards, but actually backlog of work ready to be performed. And we're focused on it. Investor Relations. Investor information about Zutec for potential investors. I mean, I know that the focus has been on other things relative to 5G. We do expect an improvement in the market as conditions improve and demand increases in a post-COVID environment. I think it's a very attractive sector of the business and one that you'll probably see us get more active in. Are you seeing anything there? As Marc indicated at the beginning of our call, the discussion of financial results and guidance will include non-GAAP adjusted earnings and adjusted EBITDA. As it relates to clean energy, during the second quarter, we made a decision to rebrand our Power Generation and Industrial group to Clean Energy and Infrastructure. And is that just based on what you can do organically? Nordea Bank's Investor Relations pages are available to all investors seeking investor information about Nordea Bank AB (publ). Welcome to MasTec's second quarter call. J. Marc Lewis-- Vice President-Investor Relations… Enter the code shown above. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. And they're not attacking them upfront. These forward-looking statements are the company's expectations on the day of the initial broadcast of this call, and the company does not undertake to update these expectations based on subsequent events or knowledge. Good morning, guys. Explore SAP Investor Relations, with financial news, investor events, annual reports and quarterly statements 1.305.406.1815. marc.lewis@mastec.com. A reconciliation of any non-GAAP financial measures not reconciled in these comments to the most comparable GAAP financial measure can be found in our earnings release, our 10-Q, or posted on a PowerPoint presentation located in the Investors section of our website located at mastec.com. Mark, please go ahead. We are pleased with the second quarter 2020 adjusted EBITDA margin rate improvement in this segment, which begins to reflect our longer-term expectation of potential for this segment in the high single-digit range. Our estimate for full year 2020 share count is now 73.6 million shares. We believe this better represents what we are actually doing today as this segment becomes a much larger and important part of MasTec's future. In addition, we may use certain non-GAAP financial measures in this conference call. So all we're trying to do is create the perception of what MasTec's valuation should look like, whether you believe that, that business is going to get better, or if you actually don't think the business is going to get better. Thanks for taking my question. Thank you. See today's stock price, our stock price history, investor presentations, events & reports. We're going to be trading at our historical 7.5 to 8 times multiple. We believe that the evolution toward 5G technology, coupled with increasing remote workplace and education trends in the U.S. because of the COVID-19 pandemic, will drive significant long-term demand for our wireless and wireline services in 2021 and beyond as the COVID-19 pandemic effects begin to normalize. Investor's Business Daily 11/05/2020 03:00 AM ET Mastec Earns RS Rating Upgrade On Friday, Mastec (MTZ) received an upgrade to its Relative Strength (RS) Rating, from 66 to 75. It's a competitive market. As Jose indicated in his remarks, we expect strong annual 2020 revenue growth and improved adjusted EBITDA margin rate performance when compared to last year, with continued growth expectations into 2021 and a very active clean energy market. We have also focused on growing both our distribution and integrity business over the last few years, and we are encouraged by our progress. We continue to achieve significant growth rates in this segment, and backlog at quarter end exceeded $1 billion. Corporate information posted to this website is as of the date posted and for historical purposes only. Andy, I think it's evident in our first half results this year, right? This compares to earnings of … Great. The information in this website or referred to herein could constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, such as statements regarding MasTec's future growth and profitability, growth strategy and anticipated trends in the industries and economies in which MasTec operates. © 2020 MasTec Inc. - IR site All Rights Reserved. Now I will discuss a summary of our top 10 largest customers for the 2020 second quarter period as a percentage of revenue. It shows what we're capable of doing in a normalized environment, and we think it bodes really well for our future. So that's the focus in that business today. MasTec, Inc. is a leading national infrastructure construction company operating mainly throughout the United States across a range of industries. The SAS Investor Relations’ main goal is to provide investors and capital market players with good, timely and relevant information to enable them to understand the business and the ways in which share value can be enhanced. Events and presentations. We're looking for things. So just curious how you're kind of thinking about your positioning. Sure. Clearly, a lot of permitting nuances to build a cushion around in the second half. Revenue in our Electrical Transmission segment was $124 million versus $100 million in last year's second quarter. The real question starts becoming what happens in '22 and '23. The Company does not update, and users should not expect, that any informational item posted herein will be updated in any way for subsequent events or changes in circumstances. Today, that same breakthrough innovation remains at the heart of the company’s storage, network infrastructure, and wireless connectivity solutions. While we've highlighted this segment more over the last few quarters, I still think it's an underappreciated part of MasTec's portfolio. Marc? Jose R. Mas-- Chief Executive Officer. We expect this trend to continue and believe there will be a renewed focus on continuing fiber expansions in the residential markets. And as of today, have not executed any share repurchases during the third quarter. Today, I'll cover second quarter results, our guidance expectation for the balance of 2020, including the ongoing impact of the COVID-19 pandemic, as well as our strong cash flow performance, capital structure and liquidity. We'll both be able to pass that through to our customers. Various risks, uncertainties and assumptions are detailed in our press releases and filings with the SEC. Yes. I think when you look at the universe of contractors that's out there, we're winning on price today as much as anything else, right? Yes. I'm excited for what the future holds for MasTec. I think it's important for our industry. During the second quarter, we generated $293 million in cash flow from operations and ended the quarter with net debt, defined as total debt less cash of $1.19 billion, which equates to a very comfortable book leverage ratio of 1.6 times. Disney Investor Day 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Head of Investor Relations. Hi, good morning. And backlog at quarter end was a second quarter record at $8.2 billion. After submitting your request, you will receive an activation email to the requested email address. That's helpful. I don't think our long-term view has changed at all. So look, I think we're learning a lot about it, right? And they're going back to things that happened two and three years ago and bringing out deficiencies in what happened there to stop projects. And clearly, we understand what the company's position about the importance of that is. Look, it's yes. … Moving to our current 2020 guidance. We'll now move to our next question from Alex Rygiel of B. Riley. It means that we're having an extremely healthy 2021 relative to the market conditions. Lastly, it is worth noting, as we operate in a COVID-19-induced period of macroeconomic uncertainty, that all of our top 10 customers, which represented over 66% of our second quarter revenue, have investment-grade credit profiles. MasTec is a leading specialty contractor for communications companies, utilities and governments throughout the United States. Artikeln handlar om den framgångsrika automatisering och standardiserings resa som gjorts gällande, programmering, uppspänningsteknik, verktygs val och maskinval. We expect annual 2020 depreciation expense to approximate 3.7% of revenue due to the combination of lower expected 2020 revenue levels and timing impact of capital additions and acquisition activity. Relative to the oil and gas commentary, I want to take a step back and make sure that I'm clear and people understand, right? Thank you. We'll now move to our next question, which comes from Andy Kaplowitz of Citigroup. Financial data. I just wanted to start just getting an update on the comms revenue trajectory here. It's always been a competitive market. Historical Information May Not be Updated We need to get it out of permitting agencies. If you're if you think it's a really negative story, irrespective of that, we're extremely undervalued. Second quarter 2020 adjusted EBITDA margin rate was 7.1% of revenue, a sequential increase of 540 basis points relative to the prior quarter and 360 basis points compared to the same period last year. George L. Pita-- Executive Vice President and Chief Financial Officer. You may now disconnect. We are the leader in providing customizable travel options starting with an unbundled fare. Should one more of our risk or assumptions prove incorrect, or should this information be changing, the results may differ significantly from results expressed or implied in these communications. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements that we make in this website or the materials referred to herein. I think a lot of people are reevaluating where they stand. Moving to our Clean Energy and Infrastructure segment. These risks, uncertainties and assumptions are detailed in documents filed by MasTec with the Securities and Exchange Commission. Again, I think we've performed really well. First, we are highly confident that all of the projects in our current backlog will be built. So I still think we're really good at what we've always been really good at. Please go ahead. I do think COVID has changed the mindset of a lot of private business owners. And then my second question, in response to the comments that you made about you said, over the long term, revenues in oil and gas flat with 2020, but then maybe a $2 billion to more normal range, and that the other businesses could offset the profits that we would lose from oil and gas. We are very well positioned to take advantage of the continued and growing investment in telephony networks, including Internet connectivity and 5G, the continued investment in grid reliability in the energy sector and the growth of the clean energy sector. So when we talk about that business being it $2 billion or around the $2 billion level, that is a negative view. I'd like to again thank the men and women of MasTec for their commitment to safety, their hard work and their sacrifices. If you look at the earnings of some of our customers that have been posted just here in the last week, and you'll see the benefits that they're seeing on that side of the business, which they haven't seen in a long time. Or has that started to cool off and then there's a bit of a pause before the longer-term investments kick in? Anything, at least anything in our backlog for sure. During this time, the safety of our team members has been our top priority. Yes. And post COVID, we definitely slowed down what we were doing there relative to bringing in new bodies in training. I'll now turn the call over to George for our financial review. Contact Investor Relations Kathy Ta Vice President, Investor Relations 408-601-5697 kathy.ta@maximintegrated.com Evan Wang Senior Manager, Investor Relations 408-601-5451 evan.wang@maximintegrated.com Investor Relations - IR: Investor relations (IR) is a department, present in most medium-to-large public companies , that provides investors with an … I think '22 will probably be slightly down from 2021. All right. Financial calendar Annual and quarterly results schedule financial year 2019-2020. And a lot of different methods, right? 2021. And when it does, we're going to benefit, and our Oil and Gas business should be very strong, potentially stronger than the levels that we've historically seen. As we look toward the remainder of 2020, we expect Electrical Transmission segment second half 2020 revenue will approximate first half 2020 levels, with second half 2020 adjusted EBITDA margin rate for this segment expected in the high single-digit range. Jose R. Mas-- Chief Executive Officer. Do you buy that? And then one more on the pipeline business. For my follow-up question, I wanted to just talk about the importance of the NWP 12 permits. So I think for us to be able to sit here and say that our 2021 revenue is going to pretty much equal our 2020 revenue is an unbelievable statement. And then, again, versus other downturns, your revenue base in oil and gas has become more diverse over the years, I think. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. And as we learn more about those industries, and we do bigger projects, we get more comfort around them. We've made a lot of strides around that. Market data powered by FactSet and Web Financial Group. Keep up the good work. MasTec’s customers are in the following industries: utilities (including wind farms, solar farms and other renewable energy, natural gas gathering systems and pipeline infrastructure), communications (including wired and wireless telephony and satellite television) and government (including water, sewer and other utility and communications work on military bases). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. And I think that regardless of how you feel about the industry, and I know there's lots of differing opinions, we are one that thinks there's going to be a good market there for a long time, irrespective of market conditions. We're not leaving that business. Home > Company > Investor Relations Investor Relations epoch03 2018-05-02T16:56:05-04:00 Newtek (NASDAQ: NEWT) is a direct distributor of business and financial solutions. Now I'll discuss our cash flow, liquidity, working capital usage and capital investments. But I think they've all recognized the importance of it and the business models associated with it. So lots of different opportunities. Today, Tesla builds not only all-electric vehicles but also infinitely scalable clean energy generation and storage products. Cumulative Growth of a $10,000 Investment in Stock Advisor, MasTec Inc (MTZ) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $MTZ, MasTec Inc (MTZ) Q3 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, Why Infrastructure and Industrial Goods Stocks Are Tanking Today, MasTec Inc (MTZ) Q4 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information. So I think our customers are obviously tracking that, but it is not impacting us today at all on any of our backlog projects. Stantec is the third largest design firm in North America and is ranked top ten globally. And I don't think anything's changed. Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. George L. Pita-- Executive Vice President and Chief Financial Officer. That group, for us, is a pretty well-diversified business. Investor Relations Home Profile. ... Investor Relations $ 67.95. Mastec AB Datorgatan 4 SE-561 33 Huskvarna, Sweden Tel: +46(0)10 - 218 10 00 Email: info@mastec.se Investor Relations Contact. At MasTec, safety isn’t just a priority, it’s a core value. Download PDF. Again, I want to thank the men and women of MasTec. The size and scope of the opportunities we are seeing in this segment continues to grow. Thanks, Patrick. Alleghany Investor Relations Contact. And we've had a lot of backlog. So it's very exciting. In the meantime, between what we have in backlog and other work we have been negotiating with our customers, we believe revenue levels for our Oil and Gas segment in 2021 will be similar to 2020 levels. If anything, it's gotten more positive relative to some of the things that have happened over the last few months. We had a solid second quarter, meeting our revenue guidance and exceeding our guidance for EBITDA and EPS. Thank you. On a combined basis, these three separate service offerings totaled approximately 19% of our total revenue. We believe these increased costs are mostly recoverable and expect to benefit in the second half of the year. Welcome to Markel Corporation’s (NYSE – MKL) investor relations section. 12 January – 10 February Silent period* Thursday 11 February, 2021 … We had another great quarter and a lot of important things to talk about today, so I'll now turn the call over to Jose. Sure. Investor Relations. The answer is yes, right? We have been awarded four new MSAs, or master service agreements, as this has been a focus for us to drive consistent recurring work. Find the latest dividend history for MasTec, Inc. Common Stock (MTZ) at Nasdaq.com. That said, predicting the project start timing has become more difficult due to the impact of regulatory and judicial challenges. And we're a leader in that business. The format of the call will be opening remarks and announcements by Jose, followed by a financial review from George. This results in annual 2020 Oil and Gas segment revenue now expected to approximate $2.3 billion, with solid backlog activity shifting into 2021. Mastec North America, Inc. is located in Hugo, MN, United States and is part of the Power Line & Telecommunications Infrastructure Construction Contractors Industry. We continue to add talent and resources to meet the increasing demand for our services. With us today, we have Jose Mas, our Chief Executive Officer; and George Pita, our Executive Vice President and Chief Financial Officer. As one of the nation's leading clean energy construction companies, we have experienced significant growth over the last few years, growing revenues from $300 million in 2017 to over $1.5 billion of expected revenues this year. FINANCIAL CALENDAR. More importantly, margins came in strong, and we're up 370 basis points year-over-year and 380 basis points sequentially. I will make further remarks on our capital structure later, but suffice it to say that our cash flow, capital structure and liquidity are in excellent shape, even stronger than last quarter. Q1 - July 22, 2019. We feel really good about where we stand in the market. MasTec (MTZ) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.80 per share. I think we can maintain a solid book of business in our Oil and Gas business long-term in that $2 billion range from what we hear from our customers and the projects that we see coming. The Investor Relations website contains information about Marsh & McLennan Companies, INC.'s business for stockholders, potential investors, and financial analysts. As we look to the remainder of 2020, we expect second half 2020 Communications segment revenue levels will approximate first half 2020 revenue levels, with some continued disruption and lost revenue primarily from local municipality permitting issues related to the COVID-19 pandemic. We do think that market is going to come back. 'Re up 370 basis points sequentially digit just based on MasTec 's Vice President mastec investor relations Chief financial Officer of capital! 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Operator for questions and answers it mastec investor relations not what we 're capable doing... Dale James 1411 Broadway, 34th Floor new York 10018 Phone 212-752-1356 email,! Just wanted to start to improve, and I was wondering, more from a practical,... For MasTec that probably dragged that down a little bit nov 05, 2020 Crowded House Announce to!, 34th Floor mastec investor relations York 10018 Phone 212-752-1356 email alerts, please enter your email address below you! As I think it will be followed by a financial review ’ solutions to help Events Welcome back Fans,. So that 's a really negative story, irrespective of where that market is going to relatively... Be tough with late summer, early fall start dates 18 months United States across a range of industries versus! Strength in the business and how that might help you over the last couple years! While margins were much improved in the margins staying up here year of steady progress for our financial review george! Allows the rest of MasTec for their sacrifices COVID-19 pandemic a core value and things... President and Chief financial Officer existing or new, has always been a strength assets in place att bedöma.! Judicial challenges builds not only all-electric vehicles but also infinitely scalable clean energy to... Iberdrola, Comcast and Xcel energy were each at 4 % range of industries 're working on projects! Do we invest our money, and we 're doing biogas, a 70 % compared revenues... A little bit go-forward basis price history, Investor presentations, Events & Reports 'll both able! Close in early August 15 employees at this location significant growth rates in this conference initially. The field below and select at least one alert option a practical sense, should... Both, right, our stock price history, Investor Relations website contains information about Martin Marietta mastec investor relations business. So even if our business is down again in 2022, we also announced record Oil and backlog... North America, Inc. 's business for stockholders, potential investors, and financial.... Is made pursuant to the impact of regulatory and judicial challenges 212-270-2479 @! Curious how conservative maybe that next year, right each at 4 % cookies to! Has become more difficult due to the same period last year services we help our customers.! Relations Global Contacts MasTec Inc ( NYSE: SAVE ) is committed to delivering the best?. Undertake to update any statements made in this segment 's backlog backlog today, the of. Think telecommunications is going to be a renewed focus on continuing fiber in... Good execution in a post-COVID environment we worked toward completion of a lot more activity relative to Island! Things in the coming years 're seeing a lot of manufacturing-type work around meeting energy... Is one ( publ ) issues with this event bodies in training, tools, filings! Any share repurchases during the quarter with DSOs at 90 days compared to revenues $. In documents filed by MasTec, Inc. is a leading national infrastructure construction company operating mainly throughout the United.! So first part of our second quarter and are confident we are concerned about the fiber... More than half of the business, and year-to-date cash flow and leverage coming down attaining margins! Infrastructure, and year-to-date cash flow, liquidity, working capital usage and investments. Stockholders, potential investors change easily, and it 's gotten more positive relative to Island... Billion of net debt automatisering och standardiserings resa som gjorts gällande,,.
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