mastec inc (MTZ) Key Developments
MasTec, Inc. Provides Preliminary Unaudited Earnings Guidance for the Second Quarter Ended June 30, 2015
Jul 31 15
MasTec, Inc. provided preliminary unaudited earnings guidance for the second quarter ended June 30, 2015. For the period, the company expects net earnings from continuing operations in rage of negative $3 million or $0.03 per share to $0 million, interest expense, net of $13 million, depreciation and amortization of $43 million, EBITDA - continuing operations between $52 million to $57 million, adjusted EBITDA - continuing operations between $70 million to $75 million, adjusted net income from continuing operations between $8 million or $0.10 per diluted share to $11 million or $0.13 per diluted share. The company now expects revenue of approximately $1.1 billion.
Levi & Korsinsky, LLP Notifies Shareholders of MasTec, Inc. of Pendency of Class Action Lawsuit
Jun 22 15
A securities class action lawsuit has been commenced in the United States District Court for the Southern District of Florida. Purchasers of MasTec, Inc. securities between August 12, 2014 and March 17, 2015, rights may be affected. The complaint alleges that the company made false and/or misleading statements and/or failed to disclose that certain cost to complete estimates recognized during the third quarter of 2014, currently believed to be between $0 million to $13 million, should have been recognized during the second quarter of 2014; and MasTec’s internal control over financial reporting was ineffective.
MasTec, Inc. Presents at Stifel Industrials Conference 2015, Jun-16-2015 01:50 PM
Jun 9 15
MasTec, Inc. Presents at Stifel Industrials Conference 2015, Jun-16-2015 01:50 PM. Venue: The New York Palace Hotel, 455 Madison Ave., New York, NY 10022, United States. Speakers: George L. Pita, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, J. Marc Lewis, Vice President of Investor Relations, Jorge Mas, Chairman and Chairman of Executive Committee.
MasTec Seeks Acquisitions
Jun 4 15
MasTec, Inc. (NYSE:MTZ) is looking for acquisition. George Pita, Executive Vise Presidents and Chief Financial officer of MasTec states, "Our view today would be that we are in markets that have substantial opportunities so, therefore, we are looking more for, again, bolt-on acquisition as opposed to transformative acquisitions."
MasTec, Inc. Presents at Credit Suisse 2015 Engineering and Construction Conference, Jun-04-2015 11:30 AM
May 16 15
MasTec, Inc. Presents at Credit Suisse 2015 Engineering and Construction Conference, Jun-04-2015 11:30 AM. Venue: Credit Suisse Offices, 11 Madison Avenue, Level 2B, New York, New York, United States. Speakers: George L. Pita, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.