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MasTec's (MTZ) first-quarter 2024 results reflect the robust performance of its Oil and Gas segment along with a sequentially higher 18-month backlog. Expectations about demand growth in power and data capacity foster growth prospects of the company.
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Here is how MasTec (MTZ) and Acuity Brands (AYI) have performed compared to their sector so far this year.
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Here is how MasTec (MTZ) and Summit Materials (SUM) have performed compared to their sector so far this year.
MasTec's (MTZ) Q4 results reflect a strong contribution from the Oil and Gas segment.
MasTec beat expectations in the fourth quarter and predicted growth in 2024 and beyond. In 2023, the company was plagued by customer delays, but it says demand for its services remains strong.
MasTec (MTZ) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $1.03 per share a year ago.
MasTec's (MTZ) fourth-quarter 2023 results are likely to reflect Inflation Reduction Act's ambiguity, supply-chain challenges, and delays in obtaining permits.