MasTec Inc (N:MTZ)
Business Focus: Smart Grid & Power Distribution Construction
| Sector: Industrials | Industry: Construction & Engineering |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 800 S. Douglas Road, 12th Floor CORAL GABLES FL 33134 |
| Tel: | 1-305-4061815 |
| Website: | https://www.mastec.com |
| IR: | See website |
| Key People | ||
| Jorge L. Mas Chairman of the Board | Jose R. Mas Chief Executive Officer, Director | Paul Dimarco Chief Financial Officer, Executive Vice President |
| Robert E. Apple Chief Operating Officer | Alberto Ignacio De Cardenas Executive Vice President, General Counsel, Secretary | T. Michael Love Chief Accounting Officer |
| Business Overview |
| MasTec, Inc. is an infrastructure construction company. The Company's segments include Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. Its Communications segment provides engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure. Its Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources. Oil and Gas segment provides engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries. Its Power Delivery segment serves the energy and utility industries through the engineering, construction and maintenance of power transmission and distribution infrastructure, including electrical and gas transmission lines, distribution network systems and substations. |
| Financial Overview |
| For the three months ended 31 March 2024, MasTec Inc revenues increased 4% to $2.69B. Net loss decreased 49% to $41.2M. Revenues reflect Oil & Gas segment increase from $256.5M to $633.8M. Lower net loss reflects Amortization of intangible assets decrease of 20% to $33.7M (expense), Interest Expense, Net decrease of 1% to $52.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$1.05 to -$0.53. |
| Employees: | 32,000 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $10,560M as of Mar 31, 2024 |
| Annual revenue (TTM): | $12,098M as of Mar 31, 2024 |
| EBITDA (TTM): | $849.97M as of Mar 31, 2024 |
| Net annual income (TTM): | -$10.59M as of Mar 31, 2024 |
| Free cash flow (TTM): | $726.39M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $2,468M as of Mar 31, 2024 |
| Shares outstanding: | 79,458,432 as of Apr 29, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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