mastec acquisitions 2020

The following tables set forth the financial results for the periods ended June 30, 2020 and 2019: (unaudited - in thousands, except per share information), Costs of revenue, excluding depreciation and amortization, Equity in earnings of unconsolidated affiliates, Net (loss) income attributable to non-controlling interests, Basic weighted average common shares outstanding, Diluted weighted average common shares outstanding, Net cash provided by operating activities, Net (decrease) increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures, (unaudited - in millions, except for percentages and per share information), Non-cash stock-based compensation expense, Adjusted EBITDA Margin by Reportable Segment. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Chicago, October 19, 2020 – BMI Mergers and Acquisitions announces the successful acquisition of AmberLeaf a Chicago based IT Services company by Pittsburgh headquartered, Mastech Digital, Inc. AmberLeaf offers managed services for companies sales, marketing, customer service, and information applications across a multitude of cloud-based applications. For the 3 month period ending September 30, 2019, includes foreign and/or state statutory rate changes. Less than one year ago MasTec acquired Dynis for an undisclosed amount. Negative effects include lost productivity from governmental permitting delays, reduced crew productivity due to social distancing and other mitigation measures, lower levels of overhead cost absorption, and/or delayed project start dates, project shutdowns or cancellations that may be imposed on the Company, or its customers. The company initially owned Swedform AB, which grew organically from SEK 90 million to SEK 2,500 million up until 2000. A digital multimeter (DMM) is a test tool used to measure two or more electrical values—principally voltage (volts), current (amps) and resistance (ohms). Project results from non-controlled joint venture. For the year ended December 31, 2019, includes the effects of Canadian provincial statutory tax rates, as well as changes in state tax rates, and for the year ended December 31, 2018, includes the effects of the 2017 Tax Act. View original content:http://www.prnewswire.com/news-releases/mastec-announces-better-than-expected-second-quarter-2020-results-and-record-second-quarter-backlog-301103491.html, J. Marc Lewis, Vice President-Investor Relations, 305-406-1815, 305-406-1886 fax, [email protected], MasTec Announces Better Than Expected Second Quarter 2020 Results and Record Second Quarter Backlog, For the three and six month periods ended, Includes the costs expected to be incurred in connection with the refinancing of the existing, (a)  Includes the costs expected to be incurred in connection with the refinancing of the existing, Reflects revised estimate for tax effects as compared to earnings release filed on, http://www.prnewswire.com/news-releases/mastec-announces-better-than-expected-second-quarter-2020-results-and-record-second-quarter-backlog-301103491.html. MasTec (MTZ) is benefiting from strong backlog, acquisitions and encouraging market prospects. 2020-09-16 INSTALLATION AT MASTEC GROUP OF A NEW INJECTION MOLDING MACHINE. Solid Inorganic Moves: Acquisitions have been MasTec’s preferred mode of solidifying the product portfolio and leveraging new business opportunities. ", George Pita, MasTec's Executive Vice President and Chief Financial Officer noted, "We opportunistically took advantage of market conditions shortly after the end of the second quarter to further strengthen our capital structure by offering $600 million in new senior unsecured notes with a favorable 4.50% coupon, which is expected to close on August 4, 2020 subject to customary conditions. As of June 30, 2020, the Company had net debt, defined as total debt less cash, of $1.19 billion. (a)  All prior year periods have been updated to conform with the current period presentation. MasTec, Inc. (NYSE:MTZ) Q3 2020 Earnings Conference Call October 30, 2020 9:00 AM ET Company Participants Marc Lewis - Vice President of Investor Relations Jose Mas - … Solid Inorganic Moves: Acquisitions have been MasTec’s preferred mode of solidifying the product portfolio and leveraging new business opportunities. MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. MasTec has been benefiting from continues flow of project awards, major expansion in 5G and FirstNet, wireline/fiber deployment, as well as accretive acquisitions … MasTec Canada Inc. is a diversified infrastructure construction company that operates throughout Canada with a focus on the four western provinces of British Columbia, Alberta, Saskatchewan and Manitoba. Joining forces with MasTec will give Pumpco the added capabilities and resources to grow in our rapidly expanding markets and we are excited to be a part of MasTec's ongoing diversification and growth strategy." This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The pyrometer is also known as temperature gun or infrared thermometer. MasTec, Inc. (NYSE: MTZ) today announced better than expected first quarter financial results and updated its guidance for the remainder of 2020 for the potential impacts of … Furthermore, forward-looking statements speak only as of the date they are made. MasTec, Inc. Shareholders’ Equity Non-Controlling Interests Total Shares Amount Shares Amount Equity For the Three Months Ended June 30, 2020 Balance as of March 31, 2020 92,618,032 $ … MasTec, Inc. MTZ is reaping benefits from significant amount of project awards across multiple segments, accretive acquisitions and solid construction spending. In 2016, MNS achieved an intensity based GHG reduction of 18.3%. This press release does not constitute an offer to sell or a solicitation of an offer to buy the new senior unsecured notes (the "Offering") or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed through the Investors section of the Company's website at www.mastec.com. Second quarter 2020 revenue was $1.57 billion, with second quarter cash flow from operations of $293 million, enabling a $177 million reduction in total debt levels. MasTec (MTZ) is benefiting from strong backlog, acquisitions and encouraging market prospects. Strong Prospects: MasTec has a strong growth potential for 2020 and 2021, given a record backlog of $8.3 billion at March-end, up $367 million sequentially and $327 million year over year. Adjusted Diluted Earnings per Share Reconciliation. MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Reflects revised estimate for tax effects as compared to earnings release filed on February 27, 2020. It is a standard diagnostic tool for technicians in the electrical/electronic industries. Includes the costs expected to be incurred in connection with the refinancing of the existing $400 million 4.875% senior unsecured notes. MasTec General Information Description. Adjusted net income, adjusted diluted earnings per share and adjusted EBITDA, which are all non-GAAP measures, exclude certain items which are detailed and reconciled to the most comparable GAAP-reported measures in the attached Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures. Mastec Plastema in Söderköping has installed in a new injection molding machine. Expansion and integration of new acquisitions and start-up companies. Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures - Unaudited, For the Year Ended December 31, 2019 (d) (e), For the Year Ended December 31, 2018 (d) (e). Moreover, its strong liquidity position and focus on protecting shareholder … MasTec Inc () Q2 2020 Earnings Call Jul 31, 2020, 9:00 a.m. We believe these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations. I think this is just a customary time that we would take to make sure that the acquisitions that we make are going to work for us long term. Most of MasTec's construction services have been deemed essential under state and local pandemic mitigation orders, and all its business segments have continued to operate. MasTec will discuss the financial impact of this transaction in more detail in conjunction with its second quarter earnings call. Specific factors that might cause such a difference include, but are not limited to: risks related to the completion of the Offering and the redemption of the 2023 Notes; risks related to adverse effects of health epidemics and pandemics or other outbreaks of communicable diseases, such as the COVID-19 pandemic; market conditions, technological developments, regulatory changes or other governmental policy uncertainty that affects us or our customers' industries; the effect on demand for our services of changes in the amount of capital expenditures by our customers due to, among other things, economic conditions, including potential adverse effects of public health issues, such as the COVID-19 pandemic on economic activity generally, our customers and our operations, commodity price fluctuations, the availability and cost of financing, and customer consolidation in the industries we serve; activity in the oil and gas, utility and power generation industries and the impact on our customers' expenditure levels caused by fluctuations in prices of oil, natural gas, electricity and other energy sources; our ability to manage projects effectively and in accordance with our estimates, as well as our ability to accurately estimate the costs associated with our fixed price and other contracts, including any material changes in estimates for completion of projects and estimates of the recoverability of change orders; the timing and extent of fluctuations in operational, geographic and weather factors affecting our customers, projects and the industries in which we operate; the highly competitive nature of our industry and the ability of our customers, including our largest customers, to terminate or reduce the amount of work, or in some cases, the prices paid for services, on short or no notice under our contracts, and/or customer disputes related to our performance of services and the resolution of unapproved change orders; risks related to completed or potential acquisitions, including our ability to identify suitable acquisition or strategic investment opportunities, to integrate acquired businesses within expected timeframes and to achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected, including the risk of potential asset impairment charges and write-downs of goodwill; our dependence on a limited number of customers and our ability to replace non-recurring projects with new projects; risks associated with potential environmental, health and safety issues and other hazards from our operations, as well as the potential for liability as a result of the COVID-19 pandemic, including issues with regulators or claims alleging exposure to COVID-19 relating to our operations or facilities; disputes with, or failures of, our subcontractors to deliver agreed-upon supplies or services in a timely fashion, and the risk of being required to pay our subcontractors even if our customers do not pay us; risks related to our strategic arrangements, including our equity investments; any exposure resulting from system or information technology interruptions or data security breaches; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; the effect of state and federal regulatory initiatives, including costs of compliance with existing and potential future safety and environmental requirements, including with respect to climate change; the effect of federal, local, state, foreign or tax legislation and other regulations affecting the industries we serve and related projects and expenditures; the adequacy of our insurance, legal and other reserves; the outcome of our plans for future operations, growth and services, including business development efforts, backlog, acquisitions and dispositions; our ability to maintain a workforce based upon current and anticipated workloads; our ability to attract and retain qualified personnel, key management and skilled employees, including from acquired businesses, and our ability to enforce any noncompetition agreements; fluctuations in fuel, maintenance, materials, labor and other costs; risks related to our operations that employ a unionized workforce, including labor availability, productivity and relations, as well as risks associated with multiemployer union pension plans, including underfunding and withdrawal liabilities; risks associated with operating in or expanding into additional international markets, including risks from fluctuations in foreign currencies, foreign labor and general business conditions and risks from failure to comply with laws applicable to our foreign activities and/or governmental policy uncertainty; restrictions imposed by our credit facility, senior notes, and any future loans or securities; our ability to obtain performance and surety bonds; a small number of our existing shareholders have the ability to influence major corporate decisions; risks associated with volatility of our stock price or any dilution or stock price volatility that shareholders may experience in connection with shares we may issue as consideration for earn-out obligations or as purchase consideration in connection with past or future acquisitions, or as a result of other stock issuances; as well as other risks detailed in our filings with the Securities and Exchange Commission. Through the acquisition, Mastec added 600 engineers located both domestically and abroad. " MasTec is a worldwide service and solutions provider. MasTec, Inc. (NYSE:MTZ) Q3 2020 Earnings Conference Call October 30, 2020 9:00 AM ET Company Participants Marc Lewis - Vice President of Investor Relations Jose Mas - … Analyze MasTec Inc Net Cash Flow Business Acquisitions and Disposals. The Company's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: wireless, wireline/fiber, and customer fulfillment activities; petroleum and natural gas pipeline infrastructure; electrical utility transmission and distribution; power generation; heavy civil, and industrial infrastructure. Case Number: 1:2020cv20263 Filed: January 21, 2020 Court: US District Court for the Southern District of Florida MasTec, an engineering and construction company, completed six acquisitions in 2019, expanding its footprint in water infrastructure and telecommunications infrastructure. Strong Prospects: MasTec has a strong growth potential for 2020 and 2021, given a record backlog of $8.3 billion at March-end, up $367 million sequentially and $327 million year over year. We are now truly a brain and muscle … MasTec's customers are primarily in these industries. MasTec is an infrastructure engineering and construction company that serves the utility, communications, and government industries. If any of these risks or uncertainties materialize, or if any of our underlying assumptions are incorrect, our actual results may differ significantly from the results that we express in, or imply by, any of our forward-looking statements. History. 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