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Mastec (MTZ)
NYSE:MTZ
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.23Last Year’s EPS
$0.66Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 7.47%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in EBITDA, record backlog, and growth in key segments like Communications and Clean Energy. There were some challenges with revenue slightly below expectations and project delays, but overall, the positive aspects, including financial flexibility and new contract awards, outweighed the negatives.Company Guidance
During MasTec's Q3 2024 earnings call, the company provided guidance indicating strong performance across all segments, with significant improvements in adjusted EBITDA and revenue. MasTec reported Q3 revenue of $3.3 billion, with an adjusted EBITDA of $306 million, surpassing guidance by $11 million, and an adjusted EPS of $1.63. The company's backlog reached $13.9 billion, a $520 million sequential increase, indicating strong demand and future growth potential. The Communications segment reported a 12% year-over-year growth, achieving record revenues with an EBITDA margin of 11.5%. Clean Energy and Infrastructure also reported record quarterly revenue and EBITDA with a margin of 7.5%. Power Delivery saw a 10% increase in revenue year-over-year, with a backlog increase of nearly $200 million and a book-to-bill ratio of 1.29x. The Oil and Gas segment, despite slightly lower revenues, outperformed in margins. For the full year 2024, MasTec expects consolidated revenue of $12.225 billion and adjusted EBITDA of $990 million, with a Q4 revenue forecast of $3.325 billion and adjusted EBITDA margins of approximately 8%. The company expressed optimism about future growth prospects, particularly in communications, power delivery, and clean energy, with expectations for strong double-digit revenue growth and improved margins across these segments in 2025.Record Backlog and Growth in Communications
Backlog at quarter end was $13.9 billion, a $520 million sequential increase. Communications segment revenue grew over 12% year-over-year and sequentially, achieving record quarterly revenues.
Strong EBITDA Performance
Adjusted EBITDA was $306 million, exceeding guidance by $11 million and was a quarterly record. Adjusted EBITDA margin of 9.4% exceeded guidance by 85 basis points.
Clean Energy and Infrastructure Growth
Clean Energy and Infrastructure segment had record quarterly revenue and EBITDA. EBITDA was up 80% sequentially with margins of 7.5%, the best performance since 2019.
Power Delivery Segment Improvement
Power Delivery segment revenue was up year-over-year for the first time in 2024, with a 10% increase versus guidance and sequentially, reflecting improving trends.
Financial Flexibility and Debt Reduction
Cash flow from operations was approximately $280 million, reducing net debt by approximately $120 million in Q3 with net leverage of 2.2x.
Major Contract Award
Awarded a major fiber program build from Lumen Technologies for over 8,000 miles of fiber, enhancing network infrastructure.
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MTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $122.89 | $130.00 | +5.79% |
| Aug 01, 2024 | $106.12 | $102.18 | -3.71% |
| May 02, 2024 | $91.00 | $101.80 | +11.87% |
| Feb 29, 2024 | $75.46 | $84.85 | +12.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mastec (MTZ) report earnings?
Mastec (MTZ) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Mastec (MTZ) earnings time?
Mastec (MTZ) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTZ EPS forecast?
MTZ EPS forecast for the fiscal quarter 2024 (Q4) is $1.23.
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