MasTec barely missed earnings but crushed guidance, raising full-year adjusted EPS by 42% to $9.30 on the strength of a record $21.4 billion backlog and surging Clean Energy demand. Record $4.37 billion revenue and the Superior Group acquisition signal accelerating momentum in data center and renewable energy infrastructure.
MasTec :
MTZ
MTZ
Stock Data
$272.46
$13.83 (5.35%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
ENGINEERING & CONSTRUCTION
MasTec, Inc. is a leading infrastructure construction firm based in Coral Gables, Florida, specializing in a wide range of services across the United States and Canada. The company excels in engineering, building, installation, maintenance, and upgrades for communications, energy, utility, and other vital infrastructures. MasTec's expertise spans across wireless and wireline/fiber communications, renewable energy projects, pipeline and power delivery systems, and civil infrastructure projects like roads and bridges. With a history dating back to 1929, MasTec also focuses on maintenance and upgrade support, serving a diverse clientele including energy providers, government entities, and broadband operators.
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