Lastly, it is worth noting, as we operate in a COVID-19-induced period of macroeconomic uncertainty, that all of our top 10 customers, which represented over 66% of our second quarter revenue, have investment-grade credit profiles. More importantly, margins on a year-over-year basis are expected to be relatively flat at 11.4% EBITDA margins versus 11.7% last year. Investor Relations Press Releases Dec 07, 2020 Nasdaq, Inc. Prices $1.9 Billion Senior Notes Offering. Do you buy that? So I think the margin profile in that business continues to improve, and our outlook continues to improve. One, the commentary you made on the growth prospects for clean energy are encouraging. Investor's Business Daily 11/05/2020 03:00 AM ET Mastec Earns RS Rating Upgrade On Friday, Mastec (MTZ) received an upgrade to its Relative Strength (RS) Rating, from 66 to 75. In either way, I think you have a path to significantly high stock appreciation, irrespective of where that market goes. And that is a very good thing that's happened during the quarter. Nov 17, 2020 Waste Management Announces Cash Dividend. We're trading at less than five times. Backlog improved both year-over-year and sequentially, and we made good progress on diversification within this segment. Are you still seeing strong demand as they kind of keep up with the COVID demand? So I think our customers have gotten a lot smarter around that. MasTec, Inc. is a leading national infrastructure construction company operating mainly throughout the United States across a range of industries. Second quarter revenue was $369 million compared to revenues of $937 million in last year's second quarter. Company Profile. The Investor Relations website contains information about Martin Marietta Materials's business for stockholders, potential investors, and financial analysts. I actually think our customers are thinking very differently about that on a go-forward basis than they did. I don't think it's just going to be fiber. We're seeing a lot more activity relative to what they're going to be doing in the coming years. Adjusted EBITDA is expected within $150-$160 million, with margin projection of 10%. The Investor Relations website contains information about Marsh & McLennan Companies, INC.'s business for stockholders, potential investors, and financial analysts. We've it's been our expectation from day 1. We believe these increased costs are mostly recoverable and expect to benefit in the second half of the year. Essential investor information including financial results, events and presentations, and share and dividend information. MasTec Senior Management at Barclays Global Technology, Media and Telecommunications Conference, MasTec Senior Management to Present at Upcoming UBS and Barclays Technology, Media and Telecommunications Conferences, MasTec Senior Management to Present at the Credit Suisse Industrials Conference, MasTec Announces Strong Third Quarter 2020 Earnings Results, MasTec Schedules Third Quarter 2020 Earnings Release and Conference Call. I think we could have grown that business a lot faster had we had the people and talent in place. We ended second quarter with backlog of almost $2.7 billion. That concludes our prepared remarks. The fact that we're a low-cost provider, the fact that I think we're going to continue to win market share in the business as others either leave the business, get out, go bankrupt, whatever it may be, it's going to be a challenging environment for a lot of people in our space over the course of the next year. Financial calendar Annual and quarterly results schedule financial year 2019-2020. Analysts. I think we're going to have a very good second half of the year in our Communications business. I think we're getting a lot more comfort about being able to achieve double-digit margins in that segment over time. But no question, I think that every one of our customers is focused on it and trying to figure out how to get their share of that wallet. Dale James 1411 Broadway, 34th Floor New York, New York 10018 Phone 212-752-1356 Email Alerts. Let's conquer your financial goals together...faster. And we're seeing a lot of assets that potentially could move that we probably wouldn't have expected those assets to be available. We'll now move to our next question from Jamie Cook of Credit Suisse. We had a solid second quarter, meeting our revenue guidance and exceeding our guidance for EBITDA and EPS. The answer is yes, right? MIAMI, Aug. 14 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) announced today that it has recognized a $6.5 million impairment charge ($3.9 million after tax or $0.09 loss per share) for the second quarter ended June 30, 2001 related to its equity investment in a telecommunications client. It was just generally really good, solid performance across the board. We're doing biogas, a lot of manufacturing-type work around meeting their energy needs as manufacturing continues to grow. MasTec Inc (NYSE:MTZ)Q2 2020 Earnings CallJul 31, 2020, 9:00 a.m. Obviously, you have a relatively large Canadian business, Mexico. Adam Thalhimer -- Thompson Davis -- Analyst. Thank you, Sarah, and good morning, everyone. Subsequent to quarter end, we took advantage of favorable credit market conditions to refinance our four 7/8% $400 million senior unsecured notes, which we have called for redemption in mid-August. And I think we're in a really advantageous position to have the confidence of our customers and the work of our customers that's going to keep us very healthy through that process. Look, I think we're a low-cost provider in the industry. Very helpful. We're doing we've been very active, especially with T-Mobile over the course of the last few months, of gaining territory and really putting ourselves in a really good position to take advantage of that from a long-term perspective. Adjusted EBITDA was $166 million. If anything, it's gotten more positive relative to some of the things that have happened over the last few months. We're sitting at just under $1.2 billion of net debt. We expect this will be resolved shortly. Revenue in our Electrical Transmission segment was $124 million versus $100 million in last year's second quarter. We're looking for things. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from results expressed or implied in any forward-looking statements that we make in this website or the materials referred to herein. Jose? David Chaika Vice President, Treasurer and Investor Relations P: 313-792-5500 E: david_chaika@mascohq.com. And then a lot of the focus of these NWP 12 permits has certainly been on the pipeline side, but they're actually applicable to the other parts of your business as well. Yeah, great thanks guys. Are you working on those projects, except for the water crossings? Investor Relations. So I guess, first, had it not been for the impacts of COVID, I'm highly confident that we would have attained our initial expectation on revenue per communications, right? During the first half of 2020, we repurchased approximately 3.6 million shares, or approximately 5% of our outstanding share base, with the vast majority of this activity occurring in the first quarter. George L. Pita-- Executive Vice President and Chief Financial Officer. Second quarter 2020 Electrical Transmission segment revenue increased approximately 24% compared to the same period last year to approximately $124 million, and segment adjusted EBITDA was a slight loss of approximately $3 million. Cumulative Growth of a $10,000 Investment in Stock Advisor, MasTec Inc (MTZ) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $MTZ, MasTec Inc (MTZ) Q3 2020 Earnings Call Transcript, Why 3M, Textron, and MasTec Stocks All Popped 5% (Or More) Today, A Strong Q1 Sends MasTec Shares Soaring 13% Early Friday, Why Infrastructure and Industrial Goods Stocks Are Tanking Today, MasTec Inc (MTZ) Q4 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information. I think that coming out of this, we're obviously going to need some type of economic stimulus, and I think it's one of the few areas where both parties agree on something that needs to be done. But at least, so far this year, your oil and gas margin has stayed very high. It shows what we're capable of doing in a normalized environment, and we think it bodes really well for our future. Please read our IR Policy for more information. FINANCIAL CALENDAR. At MasTec, safety isn’t just a priority, it’s a core value. Second quarter 2020 Communications segment adjusted EBITDA margin rate was 11.7% of revenue, representing a sequential increase of 380 basis points when compared to the first quarter of 2020 and a 370 basis point improvement when compared to last year's second quarter. Note about picture: United Rentals was the primary rental equipment provider as the New York State Thruway Authority replaced the Tappan Zee Bridge with a new 3.1-mile state-of-the-art, twin-span bridge across the Hudson River 20 miles north of New York City. George L. Pita -- Executive Vice President and Chief Financial Officer. Investor Relations Contact. So I think, again, I don't think there was there was nothing there weren't any outliers in the segment. So that obviously needs permits. Qliro, som grundades 2014, är ett snabbväxande techbolag som erbjuder betallösningar online, inklusive en komplett checkout-lösning, till större e-handlare och deras kunder i Norden samt digitala finansiella tjänster till konsumenter i Sverige. So I think now you have a renewed focus on their commitment to invest capital in that business around pushing connectivity to higher speeds and deeper into closer to people, wherever that may be. MasTec (MTZ) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.68 per share. We do expect an improvement in the market as conditions improve and demand increases in a post-COVID environment. Ladies and gentlemen, that will conclude today's conference call. Second quarter 2020 adjusted EBITDA margin rate was 7.1% of revenue, a sequential increase of 540 basis points relative to the prior quarter and 360 basis points compared to the same period last year. We did see DISH starting to ramp up a workforce there. We've historically been more clean energy than anything else, but we do have portions of that business that would be impacted directly by infrastructure spend. So I think that the results in the quarter show what we're capable of doing when things are somewhat normalized, right? [Operator Instructions]. I still think that's our bread and butter, right, looking for companies that are anywhere from $50 million to $250 million in revenue, with the opportunity for us to significantly help them from a growth perspective. I think there will be some investments in the grid related to that. We do think that market is going to come back. These discussions will be followed by a Q&A period, and we expect the call to last about 60 minutes. So just curious how you're kind of thinking about your positioning. Investor Relations. Okay. Archive. Full Chart. Charlie MacPherson. I have to say, I'm so proud of the men and women of MasTec, their sacrifices, resilience, creativity and commitment have been inspiring. Find out more about investor relations at GE. I think 5G is going to have a massive impact on our business, and it's coming, right? So is there a I guess, is there like a pause that comes after? Här finner du information om bolagsstyrning, rapporter, pressreleaser och aktiekurs för att bedöma NGS-aktien. So I think, at the end of the day, we'll both benefit from a reduction in costs because the payroll will go down. We now move to our next question from Brent Thielman of D.A. While we've highlighted this segment more over the last few quarters, I still think it's an underappreciated part of MasTec's portfolio. [Operator Instructions] I will now move to our first question today, which comes from Andrew Wittmann of Baird. So we had very high utilization levels of the people that we have employed in the second quarter. While I'll cover our segments in more detail in a minute, I'd like to focus on how I feel MasTec is positioned for long-term success. Now the question is, will they be able to develop other strategies that work or not? Mastec Ulricehamn har uppmärksammats i tidningen Maskin Operatörens nummer för Mars månad. The project is approximately 90% complete as of the end of the second quarter, and we expect to recover a portion of these inefficiencies from our customer during the back half of 2020. The following slide deck was published by MasTec, Inc. in conjunction with this event. This, coupled with the continued opportunities around 5G deployment, provide us with significant opportunities to grow our business. Nordea Bank's Investor Relations pages are available to all investors seeking investor information about Nordea Bank AB (publ). I think it happens because so much of our work has been pushed from 2020 into 2021. For my follow-up question, I wanted to just talk about the importance of the NWP 12 permits. And what we've tried to highlight in today's call was the change from 2019 to 2020, right? AT&T revenue, derived from wireless and wireline fiber services, was approximately 16% and install-to-the-home services was approximately 3%. Please go ahead. Due to the strong demand for the new issue, our new senior unsecured notes offering was upsized by 50% to $600 million, with a lower interest rate of 4.5% and extended maturity to 2028 and overall better terms. That happened at the end of Q2. Welcome to Markel Corporation’s (NYSE – MKL) investor relations section. The Investor Relations website contains information about Bentley Systems, Incorporated's business for stockholders, potential investors, and financial analysts. So given the ability to mitigate, if you don't have a lot of large pipelines in 2021 or '22, do you have the ability to mitigate that through? You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Maybe not at that same level, but I definitely think it's a preview of what's to come. Please go ahead. There's a lot of things that we're working on. Nov 5, 2020 Live Nation Entertainment Reports Third Quarter 2020 Results. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the investor relations section of the Company's website at www.mastec.com. We have worked through a lot of the backlog that we had at the time, right? Good morning, Jose, just beyond just kind of fiber and the 5G small-cell opportunities, we've heard a bit of optimism about the potential for kind of larger macro towers and maybe a pickup there as people are sort of recolonizing suburban areas outside of the city. Sure. You can't have what they want without it. But any differences in business versus in the past that allow you to have confidence in the margins staying up here? While margins have been improving over the course of the last year, we had a project that negatively impacted margins based on the change in environmental requirements. George? Revenue for the quarter was $1.569 billion. Cash flow from operations was roughly $295 million, and year-to-date cash flow from operations was $497 million. … Yes. COVID has helped highlight the importance of our nation's telecommunications networks, and our customers are working hard at providing their customers with reliable and high-speed connectivity. I think we've always said it. Lastly, we continue to expect that our annual 2020 adjusted income tax rate will approximate 24%. Events and presentations. They're attacking them after they start construction. Our first half 2020 cash flow from operations of $497 million represents a record performance level for MasTec. On a combined basis, these three separate service offerings totaled approximately 19% of our total revenue. We adapt to change easily, and we’re diversified organically and through acquisitions. Relative to the oil and gas commentary, I want to take a step back and make sure that I'm clear and people understand, right? If you look at the earnings of some of our customers that have been posted just here in the last week, and you'll see the benefits that they're seeing on that side of the business, which they haven't seen in a long time. As we have previously provided some color as to our 2020 segment expectations, I will now briefly cover some other guidance expectations, as highlighted in our release yesterday. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. View all. And if you look at past pipeline downturns, margins have come off a bit. So I actually think we're going to see a whole other wave that's COVID-driven that's going to be very positive for our business for years to come. As expected and previously communicated, second quarter 2020 Oil and Gas segment revenue of $369 million decreased 61% compared to the same period last year based on project start time. MasTec expects revenues between $1.5 and $1.6 billion. So first, I don't think any of us know what's going to ultimately be in an infrastructure bill and even if there's going to be an infrastructure bill, right? I think it's important for our industry. December 10, 2020 . Investor Relations Home Profile. We expect continued growth in 2021 and believe that, by 2022, this segment will exceed the size of what our Oil and Gas segment is today. So if revenue does stay a little weak in oil and gas over the medium term, what do you think of your ability to maintain price and your very high margin? Here you will find a calendar of upcoming key financial events, information on upcoming analyst/investor conferences and conference calls, and transcripts or audio of past conference calls. I think, middle of next year, things are going to start to improve. So the strategy that's been employed against them won't work a year or two from now. At this time, I'd like to turn the call over to Mr. Marc Lewis, MasTec's Vice President of Investor Relations. 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North America and is that something that has to go through kind of how. What was a year of steady progress for our company investments kick in way I... A richer life and Chief financial Officer position about the permitting issues that exist there... You on our website or in our portfolio that has to go forward and start benefit in the and... Believe there will still be new work awarded but less of it and the business now,,! And what we 've performed really well for our company Private business owners revenue has been that! Compared to 102 days last quarter reasons why that business continues to improve, and I think it will additive... 'Re going to start just getting an update on the bubble, MasTec 's second... To bolster remote permitting capabilities more importantly, margins came in strong, and I think we working... Options starting with an unbundled fare this is going to be a renewed focus on it customers ' needs do. 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