In Q1 2024, the Communications segment's adjusted EBITDA margin declined by 100 bps Y/Y due to operating deleverage on lower revenues. In the Power Delivery segment, the adjusted EBITDA margin contracted by 210 bps Y/Y as a result of reduced productivity due to the impact of increased overhead costs incurred to maintain operating capacity as well as operating deleverage on lower revenues. Conversely, adjusted EBITDA margin in the Oil & Gas segment and Clean Energy & Infrastructure segment expanded by 890 bp ...

CORAL GABLES, Fla., June 20, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has received valid consents from holders (the "Holders") of not less than a majority in principal amount of IEA's 6.625% Senior Notes due 2029 (the "IEA Notes") sufficient to adopt the Proposed Amendments (as defined herein) with respect to the IEA Notes Indenture (as defined herein) pursuant to the previously announced cash tender offer f ...

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CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced the pricing of its public offering of $550,000,000 aggregate principal amount of senior notes due 2029. The notes will pay interest semi-annually at a rate of 5.900% and will mature on June 15, 2029. The notes were priced at 99.956%. The notes will be MasTec's senior unsecured obligations and will rank equal in right of payment with all existing and future senior unsecured indebtedness of MasTec, and senior ...

CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has commenced a cash tender offer for any and all of its $225.1 million in outstanding principal amount of 6.625% Senior Notes due 2029 (the "IEA Notes") and the solicitation of consents from the holders (the "Holders") of the IEA Notes to adopt certain amendments to the IEA Indenture (as defined below) (the "Tender Offer"). The Tende ...

MasTec, Inc.'s (MTZ) stock has skyrocketed 93.8% in the past six months compared with the Zacks Building Products - Heavy Construction industry's 75.5% growth and the S&P 500 index's 16.9% rally. This infrastructure construction company is banking on increasing demand for power, and data capacity and network speed. Also, MTZ's focus on strategic investments for portfolio diversification positions it well for satiating increased infrastructure demand globally. Moreover, the company is optimistic about its gr ...

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

MasTec, Inc. (NYSE:MTZ) Q1 2024 Earnings Conference Call May 3, 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 Alex Rygiel - B. Riley Sangita Jain - KeyBanc Jamie Cook - Truist Securities Brian Brophy - Stifel Steven Fisher - UBS Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Justin Hauke - Robert W ...