MTZ Stock Recent News

Over the past year, MasTec, a North-American infrastructure player, has comfortably outperformed other infra stocks and mid-caps, generating returns of 25%. After a strong run, we see three reasons to still buy the stock, and one reason to wait on the sidelines. After facilitating over 110bps of EBITDA margin improvements last year, MTZ is not resting on its laurels and is targeting further improvements this year and next.

MasTec, Inc. MTZ is currently trading at a forward 12-month Price/Earnings ratio (P/E F12M) of 22.06, a roughly 25.2% premium to the Zacks Building Products - Heavy Construction industry average of 17.62, and higher than its five-year median. This Coral Gables, FL-based leading infrastructure construction company's solid backlog, strong financial management and focus on high-growth sectors like clean energy and communications provide a strong foundation for growth.

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MasTec, Inc. (NYSE:MTZ ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations José Mas - Chief Executive Officer Paul DiMarco - Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Sangita Jain - KeyBanc Capital Markets Inc. Andrew Kaplowitz - Citigroup Inc. Justin Hauke - Robert W. Baird & Co. Adam Thalhimer - Thompson Davis & Co. Atidrip Modak - Goldman Sachs Brian Brophy - Stifel Financial Corp. Brent Thielman - D.A.

MTZ's fourth-quarter results reflect strong contributions from across the segments, with strong bookings of Clean Energy and Infrastructure projects.

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Although the revenue and EPS for MasTec (MTZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MasTec (MTZ) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $0.66 per share a year ago.

Record Fourth Quarter and Annual Revenue of $3.4 Billion and $12.3   Billion , Respectively Record Full Year 2024 Cash Flow from Operations Increased 63% to $1.1  Billion Record 18-Month Backlog of $14.3 Billion Fourth Quarter Reduction in Net Debt of $318 Million, with Net Debt Leverage Ratio Reduced to 1.8x 2024 Results Include GAAP Net Income of $199.4   Million, Adjusted Net Income of $348.3 Million, Adjusted EBITDA of $1.0 Billion, Diluted Earnings Per Share of $2.06 and Adjusted Diluted Earnings Per Share of $3.95 Issuing Initial Annual 2025 Guidance Including Revenue of $13.45 Billion, a 9% Increase Over 2024, GAAP Net Income of $327   Million to $366 Million, Adjusted EBITDA of $1.10 Billion to $1.15 Billion, with Diluted Earnings Per Share of $3.75 to $4.24, and Adjusted Diluted Earnings Per Share of $5.35 to $5.84 CORAL GABLES, Fla. , Feb. 27, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2024 fourth quarter and full year financial results and issued its i