Loading...
Docoh

Mastec (MTZ)

MasTec, Inc. is a specialty contractor operating across a range of industries. The Company activities are the building, installation, maintenance, and upgrade of utility and communications infrastructure, including electrical utility transmission and distribution, wind farms, solar farms, renewable energy and natural gas infrastructure, wireless, and wireline.

Company profile

Ticker
MTZ
Exchange
Website
CEO
Jose Mas
Employees
Incorporated
Location
Fiscal year end
Former names
BURNUP & SIMS INC
SEC CIK
Subsidiaries
A-1 Excavating, LLC • Cash Construction Company, Inc. • Decisive Communications, Inc. • EC Source Services, LLC • FNF Construction, Inc. • Henkels & McCoy Holdings, Inc. • Intren, LLC • Lemartec Corporation • New Stout Excavating Group, LLC • MasTec Canada, Inc. ...
IRS number
650829355

MTZ stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 233.13M 233.13M 233.13M 233.13M 233.13M 233.13M
Cash burn (monthly) 42.53M 23.27M 16.04M (no burn) (no burn) (no burn)
Cash used (since last report) 122.13M 66.82M 46.04M n/a n/a n/a
Cash remaining 111.01M 166.31M 187.09M n/a n/a n/a
Runway (months of cash) 2.6 7.1 11.7 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 22 Campbell C Robert Common Stock Grant Acquire A No No 0 411 0 51,266
13 May 22 Csiszar Ernst N Common Stock Payment of exercise Dispose F No No 77.74 91 7.07K 26,006
13 May 22 Csiszar Ernst N Common Stock Grant Acquire A No No 0 411 0 26,097
13 May 22 Dwyer Robert J Common Stock Payment of exercise Dispose F No No 77.74 91 7.07K 16,367
13 May 22 Dwyer Robert J Common Stock Grant Acquire A No No 0 411 0 16,458
13 May 22 Julia L Johnson Common Stock Grant Acquire A No No 0 435 0 67,575
13 May 22 Palomarez Javier Alberto Common Stock Payment of exercise Dispose F No No 77.74 91 7.07K 10,831
13 May 22 Palomarez Javier Alberto Common Stock Grant Acquire A No No 0 411 0 10,922
72.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 376 385 -2.3%
Opened positions 57 73 -21.9%
Closed positions 66 52 +26.9%
Increased positions 147 101 +45.5%
Reduced positions 108 140 -22.9%
13F shares Current Prev Q Change
Total value 38.22B 40.22B -5.0%
Total shares 55.08M 53.07M +3.8%
Total puts 175.5K 267.8K -34.5%
Total calls 212.3K 211K +0.6%
Total put/call ratio 0.8 1.3 -34.9%
Largest owners Shares Value Change
BLK Blackrock 5.62M $489.17M +2.4%
Vanguard 5.52M $480.72M +8.8%
Nordea Investment Management Ab 3.16M $273.12M +21.8%
Allspring Global Investments 3.04M $264.36M +21.1%
Dimensional Fund Advisors 2.66M $231.91M +0.2%
MCQEF Macquarie 2.35M $204.36M -7.1%
AMP Ameriprise Financial 1.85M $161.39M +1.7%
Legacy Advisors 1.6M $138.95M NEW
STT State Street 1.53M $132.86M +6.0%
GS Goldman Sachs 1.29M $111.95M +43.6%
Largest transactions Shares Bought/sold Change
Legacy Advisors 1.6M +1.6M NEW
Peconic Partners 0 -1.42M EXIT
FMR 423.81K -659.3K -60.9%
Nordea Investment Management Ab 3.16M +565.27K +21.8%
Norges Bank 0 -542.24K EXIT
Allspring Global Investments 3.04M +528.8K +21.1%
Vanguard 5.52M +447.38K +8.8%
GS Goldman Sachs 1.29M +390.53K +43.6%
IVZ Invesco 700.89K +389.75K +125.3%
Marshall Wace 611.2K +333.91K +120.4%

Financial report summary

?
Risks
  • Risks Related to the Industries We Serve
  • Changes to laws, governmental regulations and policies, including governmental permitting processes and tax incentives, could affect demand for our services. Additionally, demand for construction services depends on industry activity and expenditure levels, which can be affected by a variety of factors, including the effects of climate-related matters. Our inability or failure to adjust to such changes or activity could result in decreased demand for our services and adversely affect our results of operations, cash flows and liquidity.
  • Unfavorable market conditions, market or political uncertainty, health outbreaks such as the COVID-19 pandemic, and/or economic downturns or unfavorable market conditions, including from inflation, supply chain disruptions or rising interest rates could reduce capital expenditures in the industries we serve or could adversely affect our customers, which could result in decreased demand or impair our customers’ ability to pay for our services.
  • Many of the industries we serve are highly competitive and subject to rapid technological and regulatory changes, as well as customer consolidation, any of which could result in decreased demand for our services and adversely affect our results of operations, cash flows and liquidity.
  • Risks Related to Our Business and Operations
  • Our failure to properly manage projects, or project delays, including those resulting from difficult work sites and environments, could result in additional costs or claims, which could have a material adverse effect on our operating results, cash flows and liquidity.
  • Our failure to recover adequately on claims against project owners, subcontractors or suppliers for payment or performance could have a material adverse effect on our financial results.
  • We may not accurately estimate the costs associated with services provided under fixed price contracts, which could impair our financial performance. Additionally, we recognize revenue for certain projects using the cost-to-cost method of accounting; therefore, variations of actual results from our assumptions could reduce our profitability.
  • We derive a significant portion of our revenue from a few customers, and the loss of one or more of these customers, or a reduction in their demand for our services, could impair our financial performance. In addition, many of our contracts, including our service agreements, do not obligate our customers to undertake any infrastructure projects or other work with us, and most of our contracts may be canceled on short or no advance notice.
  • Amounts included in our backlog may not result in actual revenue or translate into profits. Our backlog is subject to cancellation and unexpected adjustments and is, therefore, an uncertain indicator of future operating results.
  • If we are unable to attract and retain qualified managers and skilled employees, we will be unable to operate efficiently, which could reduce our revenue, profitability and liquidity.
  • Our financial results are based, in part, upon estimates and assumptions that may differ from actual results.
  • Our business is subject to operational risk, including from operational and physical hazards that could result in substantial liabilities and weaken our financial condition.
  • Our business is seasonal and affected by the spending patterns of our customers, weather conditions, natural catastrophes and timing of governmental permitting, all of which exposes us to variations in quarterly results.
  • We maintain a workforce based upon current and anticipated workloads. We could incur significant costs and reduced profitability from underutilization of our workforce if there is a significant reduction in the level of services we provide or if contract awards are delayed or not received.
  • Our business and operations, and the operations of our customers, may be adversely affected by epidemics or pandemics such as the COVID-19 pandemic.
  • In the ordinary course of our business, we may become subject to lawsuits, indemnity or other claims, which could materially and adversely affect our business, results of operations and cash flows.
  • Our subcontractors and suppliers may fail, or be unable to, satisfy their obligations to us or other parties, or we may be unable to maintain these relationships, either of which could have a material adverse effect on our results of operations, cash flows and liquidity.
  • We rely on information, communications and data systems in our operations. Systems and information technology interruptions and/or data security breaches could adversely affect our ability to operate and our operating results or could result in harm to our reputation.
  • We could incur goodwill and intangible asset impairment charges, which could harm our profitability.
  • A failure of our internal control over financial reporting could materially affect our business.
  • We may have additional tax liabilities associated with our domestic and international operations.
  • We are self-insured against many potential liabilities.
  • The use of a unionized workforce and any related obligations could subject us to liabilities that could adversely affect our liquidity, cash flows and results of operations.
  • Risks Related to Strategic Transactions and Foreign Operations
  • Acquisitions and strategic investments involve risks, including from integration of acquired businesses into our operations, which, if unsuccessful, could negatively affect our operating results, cash flows and liquidity and may not enhance shareholder value.
  • Our participation in strategic arrangements, including joint ventures and equity investments, exposes us to numerous risks.
  • Our existing operations in international markets, or expanding into additional international markets, may not be successful and could expose us to risks, including failure to comply with the U.S. Foreign Corrupt Practices Act and/or similar anti-bribery laws, which could harm our business and prospects.
  • Risks Related to Regulation and Compliance
  • We are subject to risks associated with climate change.
  • We perform work in underground environments, which could affect the environment. A failure to comply with environmental laws could result in significant liabilities or harm our reputation, and new environmental laws or regulations could adversely affect our business.
  • Our operations could affect the environment or cause exposure to hazardous substances. In addition, our properties could have environmental contamination, which could result in material liabilities.
  • Our failure to comply with the regulations of federal, state and local agencies that oversee transportation and safety compliance could reduce our revenue, profitability and liquidity.
  • Risks Related to Financing Our Business
  • We have a significant amount of debt, which could adversely affect our business, financial condition and results of operations or could affect our ability to access capital markets in the future. In addition, our debt contains restrictive covenants that may prevent us from engaging in transactions that might benefit us.
  • We may be unable to obtain sufficient bonding capacity to support certain service offerings, and the need for performance and surety bonds could reduce availability under our credit facility.
  • Risks Related to Our Common Stock
  • There may be future sales of our common stock or other dilution of our equity that could adversely affect the market price of our common stock and dilute your share ownership and could lead to volatility in our common stock price.
  • The market price of our common stock has been, and may continue to be, highly volatile.
  • A small number of our existing shareholders have the ability to influence major corporate decisions.
  • Our articles of incorporation and certain provisions of Florida law contain anti-takeover provisions that may make it more difficult to effect a change in our control.
Management Discussion
  • (a)     For the three month period ended March 31, 2022, Power Delivery, Communications, Oil and Gas and Corporate EBITDA included $7.0 million, $0.8 million, $2.0 million and $3.8 million, respectively, of acquisition and integration costs related to our fourth quarter 2021 acquisitions.
  • Revenue. For the three month period ended March 31, 2022, consolidated revenue totaled $1,954 million as compared with $1,775 million for the same period in 2021, an increase of $179 million, or 10%. Revenue increased in our Power Delivery segment by $517 million, or 387%, in our Communications segment by $96 million, or 17%, and in our Clean Energy and Infrastructure segment by $86 million, or 24%, whereas revenue in our Oil and Gas segment decreased by $515 million, or 71%. Acquisitions contributed $705 million in increased revenue for the three month period ended March 31, 2022, whereas organic revenue decreased by approximately $526 million, or 30%, as compared with the same period in 2021.
  • Communications Segment. Communications revenue was $664 million for the three month period ended March 31, 2022, as compared

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: apply, bought, captive, central, conflict, consummation, delivering, eleven, excavation, exceed, Exhibit, foreseeable, HMG, indexed, indirect, indirectly, LIBOR, McCoy, migration, military, mine, prevailing, reallocated, recast, redundant, referenced, sewer, Street, suspended, Ukraine, unrest, upcoming, vegetation, Wall, water
Removed: absorption, account, adapt, amending, ASC, assist, buy, charged, clarifying, Codification, collaborated, commencement, concentration, continually, conversion, determine, developed, directed, director, distancing, easing, eliminating, essential, experienced, Guarantor, half, human, implementation, imposed, improved, longer, mandated, mark, matter, maturing, minimize, mitigation, monitoring, overhead, personal, priority, production, protect, protective, qualification, reacquire, redeemed, release, requested, responding, safe, sanitation, sector, September, Simplifying, social, spectrum, standard, steel, subsided