Company profile

Ticker
MTZ
Exchange
Website
CEO
José Ramón Mas
Employees
Incorporated in
Location
Fiscal year end
Former names
Burnup & Sims Inc
SEC CIK
IRS number
650829355

MTZ stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Apr 20
14 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.42B 1.71B 2.02B 1.94B
Net income 36.06M 100.7M 130.1M 120.2M
Diluted EPS 0.48 1.33 1.69 1.58
Net profit margin 2.55% 5.89% 6.45% 6.20%
Net change in cash 236K 28.33M -16.08M 15.98M
Cash on hand 71.66M 71.43M 43.1M 59.18M
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 7.18B 6.91B 6.61B 5.13B
Net income 394.1M 259.23M 348.88M 134.04M
Diluted EPS 5.17 3.26 4.22 1.61
Net profit margin 5.49% 3.75% 5.28% 2.61%
Net change in cash 44.01M -12.9M 1.56M 33.78M
Cash on hand 71.43M 27.42M 40.33M 38.77M
Cost of revenue

Financial data from MasTec earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
27 May 20 Dwyer Robert J Common stock Sell Dispose S No 41.0858 5,945 244.26K 15,000
15 May 20 Dwyer Robert J Common stock Payment of exercise Dispose F No 33.12 213 7.05K 20,945
15 May 20 Dwyer Robert J Common stock Grant Aquire A No 0 964 0 21,158
15 May 20 Julia L Johnson Common stock Grant Aquire A No 0 1,020 0 64,016
15 May 20 Csiszar Ernst N Common stock Payment of exercise Dispose F No 33.12 213 7.05K 26,977
15 May 20 Csiszar Ernst N Common stock Grant Aquire A No 0 964 0 27,190
15 May 20 Sorzano Jose S Common stock Grant Aquire A No 0 964 0 43,578
83.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 315 392 -19.6%
Opened positions 31 77 -59.7%
Closed positions 108 52 +107.7%
Increased positions 111 122 -9.0%
Reduced positions 129 152 -15.1%
13F shares
Current Prev Q Change
Total value 31.28B 59.5B -47.4%
Total shares 61.24M 63.72M -3.9%
Total puts 781.85K 946.3K -17.4%
Total calls 443.4K 688.3K -35.6%
Total put/call ratio 1.8 1.4 +28.3%
Largest owners
Shares Value Change
BLK BlackRock 7.79M $254.93M -3.4%
Vanguard 7.29M $238.75M +5.6%
MCQEF Macquarie 4.53M $148.17M +8.9%
Dimensional Fund Advisors 2.86M $93.44M +5.8%
STT State Street 1.91M $62.41M +1.0%
Fuller & Thaler Asset Management 1.76M $57.51M +74.3%
JPM JPMorgan Chase & Co. 1.52M $49.7M +44.8%
Aqr Capital Management 1.26M $39.37M +39.9%
FDx Advisors 1.26M $14.02M NEW
WFC^Z Wells Fargo & Company 1.09M $35.73M -23.7%
Largest transactions
Shares Bought/sold Change
FDx Advisors 1.26M +1.26M NEW
FMR 74.56K -1.18M -94.1%
Norges Bank 0 -873.49K EXIT
Fuller & Thaler Asset Management 1.76M +749.05K +74.3%
BAC Bank of America 397.43K -552.22K -58.1%
Boston Partners 546.11K +546.11K NEW
SG Capital Management 11.46K -489.96K -97.7%
JPM JPMorgan Chase & Co. 1.52M +469.78K +44.8%
Hood River Capital Management 0 -420.43K EXIT
NEU Neuberger Berman 0 -409.8K EXIT

Financial report summary

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Risks
  • Risks Related to Our Industry and Our Customers’ Industries
  • Many of the industries we serve are subject to customer consolidation as well as rapid technological and regulatory changes. Our inability or failure to adjust to such changes could result in decreased 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 changes in governmental regulations and policies.
  • Unfavorable market conditions, market uncertainty and/or economic downturns could reduce capital expenditures in the industries we serve or could adversely affect our customers, which could result in decreased demand for the services we provide or impair our customers’ ability to pay for our services.
  • Our industry is highly competitive, which could reduce our market share and harm our financial performance.
  • Risks Related to Our Business
  • Our failure to properly manage projects, or project delays, 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.
  • Our business may be affected by difficult work sites and environments, which could cause delays and/or increase our costs and reduce profitability.
  • 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.
  • 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.
  • We maintain a workforce based upon current and anticipated workloads. We could incur significant costs and reduced profitability from underutilization of our workforce if we do not receive future contract awards, if contract awards are delayed, or if there is a significant reduction in the level of services we provide.
  • Many of our contracts 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, which could reduce our revenue. In addition, certain of our contracts are subject to our customers’ ability to secure financing or other conditions and therefore, may not result in revenue or profits.
  • Our business is seasonal and affected by the spending patterns of our customers as well as weather conditions and natural catastrophes, which exposes us to variations in quarterly results.
  • Acquisitions and investments involve risks that could negatively affect our operating results, cash flows and liquidity.
  • We have incurred goodwill and intangible asset impairment charges, and in the future, could incur additional impairment charges, which could harm our profitability.
  • Our financial results are based, in part, upon estimates and assumptions that may differ from actual results. In addition, changes in accounting principles may cause unexpected fluctuations in our reported financial information.
  • 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.
  • 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.
  • Many of our customers are highly regulated. New regulations, or changes to existing regulations, could adversely affect demand for our services and/or the profitability of those services.
  • 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/or our operating results or could result in harm to our reputation.
  • 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 business is subject to operational and physical hazards that could result in substantial liabilities and weaken our financial condition.
  • Our failure to comply with the regulations of OSHA, the U.S. DOT and other state and local agencies that oversee transportation and safety compliance could reduce our revenue, profitability and liquidity.
  • We are subject to risks associated with climate change.
  • The renewable energy industry is partially reliant on tax incentives, the availability of which may be uncertain and could adversely affect demand for our services.
  • 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 subcontractors may fail 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.
  • Our participation in strategic arrangements, including joint ventures and equity investments, exposes us to numerous risks.
  • We may have additional tax liabilities associated with our domestic and international operations.
  • We are self-insured against many potential liabilities.
  • Warranty claims resulting from our services could have a material adverse effect on our business.
  • Certain of our businesses have employees who are represented by unions or are subject to collective bargaining agreements. The use of a unionized workforce and any related obligations could adversely affect our operations.
  • Our participation in multiemployer pension plans may subject us to liabilities that could materially and adversely affect our liquidity, cash flows and results of operations.
  • We are subject to foreign exchange and currency risks that could adversely affect our operations and our ability to reinvest earnings from operations. In addition, our ability to mitigate our foreign exchange risk through hedging transactions may be limited.
  • Our credit facility and senior notes impose restrictions on us that may prevent us from engaging in transactions that might benefit us, including responding to changing business and economic conditions or securing additional financing, if needed.
  • 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.
  • A failure of our internal control over financial reporting could materially affect our business.
  • Risks Related to Our Company and 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. In connection with certain completed acquisitions, we have issued shares of our common stock, and we additionally have the option to issue shares of our common stock instead of cash as consideration for future earn-out obligations. We may agree to issue additional shares in connection with other future acquisition or financing transactions, which, if issued, would dilute your share ownership and could lead to volatility in our common stock price.
  • We have a significant amount of debt. Our substantial indebtedness could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations.
  • 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
  • Revenue. For the three month period ended March 31, 2020, consolidated revenue totaled $1,417 million as compared with $1,518 million for the same period in 2019, a decrease of $102 million, or 7%. Revenue decreased in our Oil and Gas segment by $262 million, or 42%, offset, in part by revenue increases in our Power Generation and Industrial segment of $97 million, or 51%, our Electrical Transmission segment of $33 million, or 35%, and in our Communications segment of $31 million, or 5%. Acquisitions contributed $50 million in revenue for the three month period ended March 31, 2020, and organic revenue decreased by approximately $151 million, or 10%, as compared with the same period in 2019.
  • Communications Segment. Communications revenue was $644 million for the three month period ended March 31, 2020, as compared with $613 million for the same period in 2019, an increase of $31 million, or 5%. Acquisitions contributed $31 million of revenue for the three month period ended March 31, 2020, and organic revenue increased by approximately $1 million as compared with the same period in 2019. The increase in organic revenue was primarily driven by higher levels of wireless and wireline/fiber revenue, offset, in large part, by a continued decrease in install-to-the-home revenue as compared with the same period in the prior year.
  • Oil and Gas Segment. Oil and Gas revenue was $359 million for three month period ended March 31, 2020, as compared with $621 million for the same period in 2019, a decrease of $262 million, or 42%, as expected, primarily due to project timing and mix, including the effects of regulatory disruptions on selected pipeline construction activity.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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