Last $30.50 USD
Change Today -0.12 / -0.39%
Volume 723.0K
MTZ On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

mastec inc (MTZ) Snapshot

Open
$30.64
Previous Close
$30.62
Day High
$30.64
Day Low
$30.05
52 Week High
04/3/14 - $44.80
52 Week Low
08/7/14 - $26.38
Market Cap
2.5B
Average Volume 10 Days
901.0K
EPS TTM
$1.73
Shares Outstanding
81.8M
EX-Date
--
P/E TM
17.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for MASTEC INC (MTZ)

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mastec inc (MTZ) Details

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds pipelines for natural gas, crude oil, and refined product transportation; underground and overhead distribution systems comprising trenches, conduits, and cable and power lines that provide wireless and wireline communications; electrical power generation, transmission, and distribution systems; power generation infrastructure, including renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services that consist of maintenance of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as emergency services for accidents or storm damage, and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

mastec inc (MTZ) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $980.0K
Chief Operating Officer
Total Annual Compensation: $525.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

mastec inc (MTZ) Key Developments

MasTec, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

MasTec, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's revenue was $1,104,556,000 compared to $977,624,000 a year ago. The quarterly revenue increase was driven by a 23% increase in the Oil & Gas segment, a 49% increase in the Power Generation segment and a 6% increase in the Communications segment, reflecting lower wireless project revenue growth levels as indicated in the Company’s June 2014 guidance. Income from continuing operations before income taxes was $51,777,000 compared to $57,307,000 a year ago. Net income from continuing operations was $32,063,000 or $0.37 per diluted share compared to $35,531,000 or $0.42 per diluted share a year ago. Net income was $31,914,000 compared to $35,047,000 a year ago. Net income attributable to the company was $32,050,000 or $0.37 per diluted share compared to $34,941,000 or $0.41 per diluted share a year ago. EBITDA – continuing operations was $101.5 million compared to $102.7 million a year ago. Adjusted EBITDA – continuing operations was $105.7 million compared to $109.8 million a year ago. Adjusted net income from continuing operations was $34.7 million or $0.40 per diluted share compared to $39.9 million or $0.47 per diluted share a year ago. Adjusted net income was $34.5 million or $0.40 per diluted share compared to $39.4 million or $0.47 per diluted share a year ago. The company had strong cash flow from operations during second quarter of 2014, generating $76 million compared to a cash usage from operations during the second quarter of 2013 of $3 million. Second quarter 2014 cash CapEx, net of disposals, was $27 million. The company added approximately $36 million in capital leases and other financed equipment purchases for a total CapEx spend, net of disposals, of $63 million. For the six months, the company's revenue was $2,068.6 million compared to $1,896.3 million a year ago. Net income from continuing operations was $48.3 million compared to $54.9 million a year ago. Net cash provided by operating activities was $55,319,000 compared to $22,857,000 a year ago. EBITDA – continuing operations was $173.1 million compared to $176.2 million a year ago. Adjusted EBITDA – continuing operations was $180.6 million compared to $191.2 million a year ago. Adjusted net income from continuing operations was $52.9 million or $0.61 per diluted share compared to $64.1 million or $0.76 per diluted share a year ago. Adjusted net income was $52.6 million or $0.61 per diluted share compared to $62.7 million or $0.74 per diluted share a year ago. The company generated $55 million in cash flow from operations compared to $23 million last year, a $32 million improvement. The company incurred $59 million of cash CapEx, net of disposals, and added $50 million in capital leases and other financed equipment purchases for a total CapEx spend, net of disposals, of $109 million. For the third quarter ending September 30, 2014, the company expects revenue of approximately $1.30 billion to $1.35 billion. Third quarter 2014 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $132 million with continuing operations adjusted diluted earnings per share, a non-GAAP measure, of approximately $0.56. The company expects net income from continuing operations of $45 million, EBITDA – continuing operations of $128 million, adjusted net income from continuing operations of $48 million and diluted earnings per share – continuing operations of $0.52. For the year ending December 31, 2014, the company currently estimates fiscal year 2014 revenue of $4.4 billion to $4.5 billion. 2014 continuing operations adjusted EBITDA, a non-GAAP measure, is estimated at $420 million to $425 million, with continuing operations adjusted diluted earnings per share, a non–GAAP measure, at $1.55 to $1.58. The company expects net income from continuing operations to be in the range of $123 million to $126 million, EBITDA – continuing operations to be in the range of $404 million to $409 million, adjusted net income from continuing operations to be in the range of $133 million to $136 million, diluted earnings per share – continuing operations of to be in the range of $1.43 to $1.47, interest expense of $50 million and depreciation and amortization of $156 million. Full year guidance assumes a tax rate of about 38%.

MasTec, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 09:00 AM

MasTec, Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 09:00 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: George L. Pita, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Jose Ramon Mas, Chief Executive Officer and Director.

MasTec, Inc. Presents at 3rd Annual InvestMNt Conference, Aug-06-2014 12:45 PM

MasTec, Inc. Presents at 3rd Annual InvestMNt Conference, Aug-06-2014 12:45 PM. Venue: University of St. Thomas Corporate Room Block, 1101 LaSalle Avenue, Minneapolis, MN 55403, United States.

 

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