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Last $19.71 USD
Change Today -0.15 / -0.76%
Volume 1.0M
MTZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

mastec inc (MTZ) Snapshot

Open
$19.84
Previous Close
$19.86
Day High
$20.37
Day Low
$19.63
52 Week High
04/3/14 - $44.80
52 Week Low
03/18/15 - $16.00
Market Cap
1.6B
Average Volume 10 Days
1.5M
EPS TTM
$1.53
Shares Outstanding
81.9M
EX-Date
--
P/E TM
12.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MASTEC INC (MTZ)

mastec inc (MTZ) Related Businessweek News

No Related Businessweek News Found

mastec inc (MTZ) Details

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other. The company builds pipelines for natural gas, crude oil, and refined product transportation; underground and overhead distribution systems comprising trenches, conduits, and cable and power lines that provide wireless and wireline communications; electrical power generation, transmission, and distribution systems; power generation infrastructure, including renewable energy; heavy industrial plants; and compressor and pump stations, and treatment plants. It also installs electrical and other energy distribution and transmission systems, power generation facilities, buried and aerial fiber optic cables, coaxial cables, copper lines, and satellite dishes in various environments. In addition, the company provides maintenance and upgrade support services that consist of maintenance of distribution facilities; and networks and infrastructure, including natural gas and petroleum pipelines, wireless, power generation, and electrical distribution and transmission infrastructure, as well as emergency services for accidents or storm damage, and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless service providers, satellite and broadband operators, local and long distance carriers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

mastec inc (MTZ) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $980.0K
Chief Operating Officer
Total Annual Compensation: $525.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

mastec inc (MTZ) Key Developments

MasTec, Inc. Receives Notice From NYSE Regulation

On March 19, 2015, MasTec, Inc. received a letter from NYSE Regulation, Inc. informing the company that, as a result of its previously disclosed failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (Form 10-K), the company is subject to the procedures specified in Section 802.01E (SEC Annual Report Timely Filing Criteria) of the NYSE’s Listed Company Manual. As provided by Section 802.01E, if the company fails to file the Form 10-K and all other periodic reports with subsequent due dates within six months from the filing due date of the Form 10-K, then the NYSE may, in its sole discretion, allow the company’s common stock to trade for up to an additional six months, depending on specific circumstances, as outlined in Section 802.01E. To avail itself of an extension, the company would be required to submit a detailed written request for the NYSE’s consideration towards the end of the initial six-month period. If the NYSE determined that the grant of any additional period was not appropriate, then suspension and delisting procedures would commence. If the NYSE determined that an additional trading period of up to six months were appropriate, and the company failed to file the Form 10-K and any other reports with subsequent due dates by the end of that period, then the NYSE would commence suspension and delisting procedures. Notwithstanding the foregoing, the NYSE may commence delisting proceedings at any time during the period that is available to complete the Form 10-K filing if it determines that circumstances so warrant. As previously reported, the company cannot predict the outcome of the Audit Committee’s investigation, its ultimate scope or when it will be completed. The Audit Committee is working to complete its investigation, and the company intends to file the Form 10-K as soon as reasonably practicable.

MasTec, Inc. announced delayed annual 10-K filing

On 03/02/2015, MasTec, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

MasTec, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015 and Year Ending December 31, 2015

MasTec, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the year, the company reported revenue of $4,614.841 million against $4,324.787 million a year ago. Income from continuing operations before income taxes was $198.129 million against $240.214 million a year ago. Net income from continuing operations was $121.858 million or $1.42 per diluted share against $147.672 million or $1.74 per diluted share a year ago. Net income attributable to the company was $115.641 million or $1.34 per diluted share against $140.950 million or $1.66 per diluted share a year ago. Adjusted EBITDA - continuing operations was $111.7 million against $122.6 million a year ago. Adjusted net income from continuing operations was $33.7 million or $0.40 per diluted share against $44.9 million or $0.53 per diluted share a year ago. Adjusted net income was $27.7 million or $0.33 per diluted share against $43.6 million or $0.51 per diluted share a year ago. EBITDA - continuing operations was $102.1 million against $119.3 million a year ago. Fourth quarter cash flow from operations was $241 million. For the quarter, the company reported revenue of $1,236.660 million against $1,159.130 million a year ago. Income from continuing operations before income taxes was $46.474 million against $69.606 million a year ago. Net income from continuing operations was $27.874 million or $0.33 per diluted share against $42.886 million or $0.50 per diluted share a year ago. Net income attributable to the company was $22.297 million or $0.26 per diluted share against $41.500 million or $0.49 per diluted share a year ago. Net cash provided by operating activities was $322.038 million against $200.402 million a year ago. Adjusted EBITDA - continuing operations was $424.6 million against $448.9 million a year ago. Adjusted net income from continuing operations was $134.9 million or $1.57 per diluted share against $160.8 million or $1.90 per diluted share a year ago. Adjusted net income was $128.3 million or $1.50 per diluted share against $154.3 million or $1.82 per diluted share a year ago. EBITDA - continuing operations was $403.4 million against $427.6 million a year ago. Regarding spending on equipment, full year 2014 cash CapEx, net of equipment disposals was $92 million compared to $110 million in 2013. The total of full year cash CapEx, capital leases and finance equipment, again net of equipment disposals, was $168 million in 2014 compared to $221 million in 2013, a 24% reduction. The company has $1,111,000,000 in net debt as at December 31, 2014. For the quarter ending March 31, 2015, the company expects adjusted EBITDA - continuing operations in a range of $75 million - 80 million, net income from continuing operations in a range of $5-8 million or 0.06-0.10 per diluted share, adjusted net income from continuing operations in a range of $13 million - 16 million or $0.16-0.19 per diluted share. The company expects revenue of approximately $1.0 billion. Depreciation and amortization will be $42 million. For the year ending December 31, 2015, the company expects continuing operations adjusted EBITDA range of $450 million to $480 million, net income from continuing operations in a range of $120 million - 138 million or 1.44-1.66 per diluted share, adjusted net income from continuing operations in a range of $137 million - 155 million or $1.65-1.87 per diluted share. The Company currently estimates 2015 revenue of approximately $4.6 to $4.8 billion. Depreciation and amortization will be $178 million. The 2015 full year guidance assumes a tax rate of about 39%. The 2015 revenue range represents a flat to 4% increase over 2014 with a 6% to 13% increase in continuing operations adjusted EBITDA and a 5% to 19% increase in continuing operations adjusted diluted earnings per share. It also expects the 2015 CapEx levels will slightly moderate some from 2014 levels.

 

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Industry Analysis

MTZ

Industry Average

Valuation MTZ Industry Range
Price/Earnings 14.0x
Price/Sales 0.4x
Price/Book 1.4x
Price/Cash Flow 6.0x
TEV/Sales 0.1x
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