Shares of MasTec Inc MTZ continued their upward trajectory in early trading on Tuesday, after climbing last week on the company's raised 2024 adjusted earnings guidance.Despite the recent rally, the stock has more runway. The Coral Gables, Florida-based company's Power Delivery, Clean Energy & Infrastructure (CE&I), and Communications segments are "turning the corner," according to Truist Securities.Analyst Jamie Cook upgraded the rating for MasTec from Hold to Buy, while raising the price target from $133 ...

| --- | --- | |----------------------------------------------------------------------------------|-------| | MasTec Third Quarter 2024 Earnings Call Presentation November 1, 2024 NYSE: MTZ | | | | | | | | Safe Harbor Statement Intrastructure that Delivers This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the future financial and ope ...

MasTec, Inc. (NYSE:MTZ) Q3 2024 Earnings Call November 1, 2024 9:00 AM ET Company Participants Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer Paul Dimarco - Executive Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Steven Fisher - UBS RT Modak - Goldman Sachs Brian Brophy - Stifel Sangita Jain - KeyBanc Capital Markets Brent Thielman - D.A. Davidson Jamie Cook - Truist Securities Justin Hauke - Robert W. Baird Drew Chambe ...

MasTec, Inc. (MTZ) reported stellar earnings for third-quarter 2024, which handily surpassed the Zacks Consensus Estimate and increased strongly on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.However, revenues missed the analysts’ expectations and slightly declined on a year-over-year basis. MTZ posted nearly 6% lower revenues from its previously provided guidance of $3.45 billion due to near-term project delays.MasTec’s shares spiked 7.2% in the after-hours tr ...

Tight cost controls led to a profit beat.Construction company MasTec (MTZ 7.93%) beat quarterly earnings expectations and raised full-year guidance. Investors are pleased by the news, sending MasTec shares up 8.5% as of 11:30 a.m. ET.Improving profitabilityMasTec is a construction and engineering company focused on large infrastructure projects. The company earned $1.63 per share in the third quarter on revenue of $3.3 billion, compared to Wall Street's $1.23 per share on sales of $3.4 billion estimate. Rev ...

For the quarter ended September 2024, MasTec (MTZ) reported revenue of $3.25 billion, down 0.1% over the same period last year. EPS came in at $1.63, compared to $0.95 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.43 billion, representing a surprise of -5.31%. The company delivered an EPS surprise of +32.52%, with the consensus EPS estimate being $1.23.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

MasTec (MTZ) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.52%. A quarter ago, it was expected that this utility contractor would post earnings of $0.88 per share when it actually produced earnings of $0.96, delivering a surprise of 9.09%.Over the last four quarters, the company ...

Contact: 800 S. Douglas Road, 12th Floor J. Marc Lewis, Vice President-Investor Relations Coral Gables, Florida 33134 305-406-1815 Tel: 305-599-1800 marc.lewis@mastec.com www.mastec.com For Immediate Release MasTec Announces Third Quarter 2024 Financial Results and Increases Guidance for the Year • Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last Year • Third Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expecta ...

Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

Third Quarter 2024 Revenue of $3.3 Billion with Significant Margin Expansion Over Last Year Third Quarter 2024 Diluted Earnings Per Share of $1.21 and Adjusted Diluted Earnings Per Share of $1.63, Above Expectations by $0.43 and $0.39, Respectively Third Quarter 2024 GAAP Net Income of $105.4 Million and Adjusted EBITDA of $305.9 Million, Above Expectations by $33.4 Million and $10.9 Million, Respectively Record 18-month Backlog as of September 30, 2024 of $13.9 Billion Increased $1.4 Billion from the Thir ...