MasTec ( (MTZ) ) just unveiled an update.
On February 27, 2025, MasTec announced its financial results for the fourth quarter and full year of 2024, reporting record revenues of $3.4 billion for the quarter and $12.3 billion for the year. The company also achieved a significant increase in cash flow from operations and a reduction in net debt, with a record 18-month backlog of $14.3 billion. MasTec provided initial guidance for 2025, projecting a 9% revenue increase to $13.45 billion, with improvements in net income and earnings per share. The company’s strong financial performance in 2024, highlighted by a substantial backlog growth, positions it well for continued growth and operational success in 2025.
More about MasTec
MasTec, Inc. is a Florida-based corporation operating in the infrastructure construction industry. The company focuses on building, maintaining, and improving energy, communications, transportation, and industrial infrastructure across the nation.
YTD Price Performance: -9.40%
Average Trading Volume: 939,737
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.05B
Find detailed analytics on MTZ stock on TipRanks’ Stock Analysis page.