We are actively monitoring potential volatility caused by the pandemic, while continuing the focus on ensuring the safety of our employees as they provide critical power, communications and other services. MasTec, Inc. (NYSE: MTZ) today announced better than expected first quarter financial results and updated its guidance for the remainder of 2020 for the potential impacts of … READ MORE. Mastec Renewables Puerto Rico LLC Defendant: Mammoth Energy Services, Inc. and Cobra Acquisitions, LLC. 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. MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. There was no change to the composition of the segment or its historical results. Net Cash Flow Investment Acquisitions and Disposals is likely to outpace its year average in 2020. MASTEC, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited - in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2020 2019 2020 2019 Net income $ 116,885 $ 130,082 $ 209,774 $ 293,411 Other comprehensive (loss) income: Foreign currency translation losses, net of tax (616) (334) (1,753) (321) Analyze MasTec Inc Net Cash Flow Business Acquisitions and Disposals. 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. For the Three Months Ended September 30, 2019 (d). 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 Depreciation Amortization and Accretion yearly trend continues to be fairly stable with very little volatility. 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. • List of MTZ Competitors With net margin of 6.88 % company achieved higher profitability than its competitors. Negative effects include lost productivity from governmental permitting delays, reduced crew productivity due to social distancing and other mitigation measures, lower levels of overhead cost absorption, and/or delayed project start dates, project shutdowns or cancellations that may be imposed on the Company, or its customers. Through the acquisition, Mastec added 600 engineers located both domestically and abroad. " Second quarter GAAP net income and earnings per diluted share exceeded the Company's expectations at $56.8 million, or $0.78, respectively. Includes the costs expected to be incurred in connection with the refinancing of the existing $400 million 4.875% senior unsecured notes. In 2016, MNS achieved an intensity based GHG reduction of 18.3%. © 2020 MasTec Inc. - IR site All Rights Reserved. It is a standard diagnostic tool for technicians in the electrical/electronic industries. MasTec (MTZ) is benefiting from strong backlog, acquisitions and encouraging market prospects. Project results from non-controlled joint venture. 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 PITTSBURGH, Nov. 30, 2020 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT services, today … MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. MasTec, Inc. is a leading national Please check your download folder. MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. – Nov 08, 2020 – It is with deep sorrow and sadness that we share the news that our friend and colleague Sudhakar Ram – Founder Member & Managing Director, unfortunately passed away on Sunday, 8th November, 2020. If any of these risks or uncertainties materialize, or if any of our underlying assumptions are incorrect, our actual results may differ significantly from the results that we express in, or imply by, any of our forward-looking statements. Guidance for the Three Months Ended September 30, 2020 Est. Mar 19, 2020 MasTec Inc. MasTec General Information Description MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Adds $150 Million to Share Repurchase Plan Dow Jones Newswires Jan 29, 2020 The ‘emerging’ Midwest is hiding … January 21, 2020: Filing 1 COMPLAINT Mastec Renewables Puerto Rico, LLC against All Defendants. The company initially owned Swedform AB, which grew organically from SEK 90 million to SEK 2,500 million up until 2000. History 1985 Mastec AB is founded by the Carlsson family from Skillingaryd, Sweden. Senior Vice President, Acquisitions at MasTec Transmission and Substation Group Houston, Texas, United States 500+ connections. 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. MASTEC, INC. FORM 10-Q QUARTER ENDED JUNE 30, 2020 TABLE OF CONTENTS Page Part I. 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. MasTec Canada. MasTec Net Cash Flow Investment Acquisitions and Disposals yearly trend continues to be fairly stable with very little volatility. MasTec General Information Description. MasTec, Inc. MTZ has been benefiting from strong backlog, major expansion in 5G and FirstNet, fiber expansion, accretive acquisitions, along with … 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. We qualify any and all of our forward-looking statements by these cautionary factors. MASTEC INC. is one of the largest providers of construction services to thetelecommunications industry in the United States. 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. (Attachments: #1 Civil Cover Sheet, #2 Summon(s), #3 Summon(s))(Widlanski, Benjamin) The company initially owned Swedform AB, which grew organically from SEK 90 million to SEK 2,500 million up until 2000. 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. CORAL GABLES, Fla., Nov. 30, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that its senior management will be participating in fireside … MasTec has been benefiting from continues flow of project awards, major expansion in 5G and FirstNet, wireline/fiber deployment, as well as accretive acquisitions … 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. 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. 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. Q2FY21 Total Income at … MasTec Inc () Q2 2020 Earnings Call Jul 31, 2020, 9:00 a.m. (a)  All prior year periods have been updated to conform with the current period presentation. Mastec Plastema in Söderköping has installed in a new injection molding machine. The new notes, maturing in 2028, will allow us to redeem our existing $400 million 4.875% senior unsecured notes at a lower rate, extend our maturity profile and will increase our overall liquidity by approximately $200 million, to approximately $1.3 billion. 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, Inc. (NYSE: MTZ) today announced better than expected third quarter 2020 financial results and updated its guidance for the remainder of 2020. 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. MasTec Net Cash Flow Business Acquisitions and Disposals is fairly stable at the moment as compared to the past year. 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. 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. For the third quarter of 2020, the Company expects revenue of approximately $1.9 billion. (a) During the second quarter of 2020, the Company renamed its Power Generation and Industrial segment as the Clean Energy and Infrastructure segment to better represent the nature of the segment's operations, end markets and customer characteristics. China is the largest consumption country of Digital Multimete, with a sales market share nearly 34.25% in 2017. As of June 30, 2020, the Company had net debt, defined as total debt less cash, of $1.19 billion. 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. MasTec, Inc. MTZ is reaping benefits from significant amount of project awards across multiple segments, accretive acquisitions and solid construction spending. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. 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. These statements are based on currently available operating, financial, economic and other information, and are subject to a number of significant risks and uncertainties. MasTec, Inc. MTZ continues to reward shareholders through stock buybacks. Adjusted Diluted Earnings per Share Reconciliation. During the period from 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. 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. The Company's principalbusiness consists of the installation and maintenance of aerial, underground and buried copper and fiber optic cable, underground conduit, manhole systems and relatessed construction for local telephone companies, including Regional Bell Operating Companies such as BellSouth Telecommunications, Inc., U.S. West, Inc. and SBC Communications, Inc., and non-Bell local telephone companies such as Sprint Corp., and GTE Corp. China Communications Construction (CCCGY), MasTec Net Acquisitions/Divestitures 2006-2020 | MTZ, MasTec net acquisitions/divestitures for the quarter ending September 30, 2020 were, MasTec net acquisitions/divestitures for the twelve months ending September 30, 2020 were, MasTec annual net acquisitions/divestitures for 2019 were, MasTec annual net acquisitions/divestitures for 2018 were, MasTec annual net acquisitions/divestitures for 2017 were. EBITDA and Adjusted EBITDA Reconciliation, EBITDA and Adjusted EBITDA Margin Reconciliation. Case Number: 1:2020cv20263 Filed: January 21, 2020 Court: US District Court for the Southern District of Florida 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. MasTec is a worldwide service and solutions provider. Depreciation Amortization and Accretion will likely drop to about 205 M in 2020. During first-half 2020, MasTec … 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. As of July 27, 2020, MasTec, Inc. had 73,818,180 shares of common stock outstanding. MasTec, Inc. Shareholders’ Equity Non-Controlling Interests Total Shares Amount Shares Amount Equity For the Three Months Ended June 30, 2020 Balance as of March 31, 2020 92,618,032 $ … MasTec will discuss the financial impact of this transaction in more detail in conjunction with its second quarter earnings call. Although large project delays are indeed creating hurdles for the company, this construction service provider has enough visibility throughout the remainder of 2020 and 2021. MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. uniquely positions MasTec as a true end-to-end provider of wireless services. 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. Senior Management will hold a conference call to discuss these results on Friday, July 31, 2020, at 9:00 a.m. Eastern time. 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. Join to Connect. (a)  Includes the costs expected to be incurred in connection with the refinancing of the existing $400 million 4.875% senior unsecured notes. First half 2020 revenue was $2.99 billion, with first half 2020 cash flow from operations at a record level of $497 million, a $145 million increase over cash flow from operations during the first half of last year, enabling a $190 million reduction in total debt levels. MasTec's wireless revenue has grown from about $70 million in 2008 to an expected $350 million in 2010. 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 The Company's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: wireless, wireline/fiber, and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; heavy civil, and industrial infrastructure. In addition, this press release is not and should not be construed as a notice of redemption for the 4.875% senior unsecured notes due 2023 (the "2023 Notes"), or an offer to tender for, or purchase, any of such notes or any other security. The company’s board of directors has authorized the addition of … Furthermore, forward-looking statements speak only as of the date they are made. This transaction allows the company to better benefit from higher growth and earnings." Guidance for the Year Ended December 31, 2020 Est. Expansion and integration of new acquisitions and start-up companies. A pyrometer is a type of remote-sensing thermometer used to measure the temperature of a surface. ", 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. In next several years, Europe and United States … Comparing the results to its competitors, Mastec Inc reported Total Revenue decrease in the 3 quarter 2020 year on year by -15.79 %, faster than overall decrease of Mastec Inc 's competitors by -7.98 %, recorded in the same quarter. However, project delays may offset the positives. 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. ... a MasTec company MasTec. We take great pride in supplying, designing, and supporting technology solutions to the commercial and government verticals. MasTec's customers are primarily in these industries. A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). 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… However, project delays may offset the positives. Represents the tax effect of the adjusted items that are subject to tax, including the tax effects of non-cash stock-based compensation expense. 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 … 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." (b)  All prior year periods have been updated to conform with the current period presentation. 1985 Mastec AB is founded by the Carlsson family from Skillingaryd, Sweden. MasTec Net Cash Flow Business Acquisitions and Disposals is fairly stable at the moment as compared to the past year. MasTec has been benefiting from continues flow of project awards, major expansion in 5G and FirstNet, wireline/fiber deployment, as well as accretive acquisitions … MasTec Announces Upsize and Pricing of its Senior Unsecured Notes Offering to Refinance Existing $400 Million Senior Notes Due 2023 月曜日, 20 7月 2020 MasTec Announces Better than Expected First Quarter 2020 Results and These and other risks are detailed in our filings with the Securities and Exchange Commission. MasTec (MTZ) is benefiting from strong backlog, acquisitions and encouraging market prospects. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. History. 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. Mastec, Inc. is an American multinational infrastructure engineering and construction company based in Coral Gables, Florida. 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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. Safety is the core of everything we do, and our Safety Management System is designed to assist in identifying trends and continuous improvement opportunities. We continue to monitor current conditions and prudently manage our cash flow and liquidity, and our strong first half 2020 cash flow performance supports our expectations that annual 2020 cash flow from operations will reach new record levels, further strengthening our capital structure, liquidity levels and leverage profile.". 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 2020-09-16 INSTALLATION AT MASTEC GROUP OF A NEW INJECTION MOLDING MACHINE. Third quarter 2020 GAAP net income is expected to approximate $106 million with GAAP diluted earnings per share expected to approximate $1.45. In 2015, MNS set a goal to reduce our intensity based GHG emissions by 15% by 2020. For the 3 month period ending September 30, 2019, includes foreign and/or state statutory rate changes. MasTec, Inc. MTZ has been benefiting from strong backlog, major expansion in 5G and FirstNet, fiber expansion, accretive acquisitions, along with … Mumbai. MasTec is an infrastructure engineering and construction company that serves the utility, communications, and government industries. 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