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MasTec prices $650M of 5.850% senior notes due 2036 to repay term loan
$650M aggregate principal of 5.850% senior notes due 2036, priced at 99.656%.
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MasTec files legal opinion and consent from Holland & Knight LLP
Filing solely to exhibit legal opinion (Exhibit 5.1) and consent (Exhibit 23.1).
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MasTec Q2 revenue $4.4B record, EPS $1.65; raises FY adjusted EPS guidance to $9.30
Q2 revenue $4.374B (+23% YoY), GAAP net income $146M, diluted EPS $1.65; adjusted EPS $2.22 (+49% YoY).
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MasTec borrows $1.3B to fund acquisition of Electrical Specialists (Superior Group)
Drew $700M under new term loan agreement on July 20, 2026.
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MasTec to acquire Superior Group for ~$475M in stock; enters $700M term loan
Acquisition of Electrical Specialists (Superior Group) for ~$475M in stock (1.195M shares, ~1.5% of outstanding).
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MasTec annual meeting: all three director nominees elected, PwC ratified, say-on-pay approved
Ernst N. Csiszar, Julia L. Johnson, Jorge Mas elected as Class I directors; Mas received 49.5M For votes.
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MasTec Q1 2026 revenue $3.8B (+34% YoY), beats guidance; raises FY2026 EPS and EBITDA outlook
Revenue $3.8B (+34% YoY), record Q1; GAAP diluted EPS $0.77 (+516%), adjusted diluted EPS $1.39 (+174%).
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MasTec reports record Q4 revenue $3.94B, adjusted EPS $2.07; guides 2026 revenue to $17B
Record Q4 revenue $3.94B (+16% YoY); full-year revenue $14.3B (+16%), exceeding guidance.
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MasTec Q3 revenue $4.0B (+22% YoY), EPS $2.04 ($2.48 adj); beats guidance, raises FY outlook
Record quarterly revenue of $4.0B (+22% YoY); GAAP net income $166.5M, Adj. EBITDA $373.5M.
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MasTec announces 401(k) plan blackout period from Sept 22 to Oct 19, 2025, due to recordkeeper switch to Schwab
Blackout period expected to begin at 4:00 pm ET on Sept 22, 2025 and end during week of Oct 19, 2025.
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MasTec Q2 revenue $3.5B (+20% YoY), adjusted EPS $1.49, raises FY2025 guidance
GAAP diluted EPS $1.09, adjusted diluted EPS $1.49; both above guidance and up 154% and 49% YoY.
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MasTec refinances with $1.9B revolver and new $600M term loan; covenants eased
Revolver increased to $1.9B, maturity extended to 5 years; $328M prior term loans terminated.
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MasTec shareholders elect all three Class III directors, ratify auditor, approve say-on-pay
C. Robert Campbell elected with 58.96M votes for, Robert J. Dwyer with 51.90M, Ava L. Parker with 56.11M.
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MasTec Q1 beats: adj EPS $0.51 vs guided $0.34; FY adj EPS raised ~9%
Q1 revenue $2.848B (+6% YoY); GAAP net income $12.3M ($0.13 EPS); adj net income $42M ($0.51 adj EPS), beating guidance by $0.17.
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MasTec sub receives MSHA imminent danger order at NM mine; resolved
FNF Construction subsidiary cited for miner not using fall protection at FNF Crushing 8 near San Antonio, NM.
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MasTec Q4 net income $84.7M, record backlog $14.3B, 2025 revenue guide $13.45B
Q4 2024 revenue $3.4B vs $3.3B y/y; GAAP net income $84.7M vs $1.2M; diluted EPS $0.95 vs $0.01.
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MasTec beats Q3 expectations, raises full-year guidance; GAAP EPS $1.21 vs $0.18 YoY
Q3 revenue $3.3B (flat YoY); net income $105.4M ($1.21 diluted EPS) vs $15.3M ($0.18) in Q3 2023.
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MasTec Q2 adj EPS $0.96 beats target; record backlog $13.3B; FY rev guidance $12.4B
Q2 revenue $2.96B (+3% YoY); GAAP EPS $0.43; adj diluted EPS $0.96 ($0.08 above expectations).
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MasTec subsidiary IEA receives majority consent to amend indenture; 90.49% of $225M notes tendered
Holders of majority principal amount consented to eliminate/modify covenants in IEA's 6.625% Senior Notes due 2029.
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MasTec issues $550M of 5.900% senior notes due 2029
Issued $550M aggregate principal amount of 5.900% senior unsecured notes due June 15, 2029.
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MasTec prices $550M 5.900% senior notes due 2029
Notes priced at 99.956%, pay semi-annual interest; mature June 15, 2029.
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MasTec subsidiary IEA launches $225.1M cash tender offer for 6.625% senior notes due 2029
IEA Energy Services offers $1,000 per $1,000 principal plus accrued interest for any and all outstanding notes.
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MasTec shareholders approve amended incentive plan and stock purchase plan, elect directors
Shareholders approved Amended & Restated 2013 Incentive Plan, adding 1,200,000 shares and extending term to May 14, 2034.
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MasTec Q1 2024 net loss narrows to $34.5M; raises FY 2024 revenue guidance to $12.55B
Q1 2024 revenue $2.69B (record first quarter, +4% YoY); GAAP net loss $34.5M vs $80.5M loss in Q1 2023.
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MasTec replaces BDO with PwC as auditor; prior material weaknesses remediated
BDO dismissed as independent auditor effective March 5, 2024; PwC appointed for FY2024.
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MasTec reports Q4 revenue $3.3B, FY 2023 revenue $12.0B; provides 2024 guidance of $12.5B revenue and adjusted EPS $2.69
Q4 revenue $3.28B (+9% YoY); GAAP net income $1.2M ($0.01 diluted EPS); adjusted EPS $0.66.
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MasTec reports Q3 record revenue $3.26B; cuts FY23 guidance to net loss ~$61M
Q3 revenue $3.26B (record); GAAP EPS $0.18, adj. EPS $0.95; adj. EBITDA $271M.
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MasTec board adopts annual say-on-pay vote after shareholder advisory vote
Shareholders at May 16, 2023 annual meeting voted in favor of annual advisory votes on executive compensation.
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MasTec Q2 revenue record $2.87B (+25% YoY); guides FY23 adj EPS $3.75-$4.19
Q2 2023 GAAP net income $16.8M ($0.20/shr); adj net income $70.7M ($0.89/shr), beating guidance by $0.03.
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MasTec shareholders re-elect three Class I directors, ratify auditor, approve say-on-pay at 2023 annual meeting
Ernst N. Csiszar, Julia L. Johnson, Jorge Mas re-elected as Class I directors with >94% votes for each.
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MasTec promotes T. Michael Love to Chief Accounting Officer
New CAO role created; SVP Corporate Controller Love promoted effective May 16, 2023.
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MasTec Q1 revenue $2.58B +32% YoY; GAAP loss $1.05/sh; backlog record $13.9B; FY adj. EPS guide $4.35-4.85
Q1 revenue $2.58B (+32% YoY); GAAP net loss $80.5M ($1.05/sh) vs loss $35M ($0.47/sh) in Q1 2022.
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MasTec discloses CFO Paul DiMarco's compensation: $500K base, bonus, severance
Initial base salary of $500,000; annual bonus up to 100% of base based on Compensation Committee goals.
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MasTec amends employment agreement with retired CFO George Pita effective April 1, 2023
George Pita to receive $400,000 annual base salary; no bonus plan or equity awards.
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MasTec promotes Paul DiMarco to EVP & CFO effective April 1, 2023
Paul DiMarco, age 44, named Executive Vice President and CFO, succeeding retiring George Pita.
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MasTec Q4 revenue up 66% to $3.0B; guides 2023 revenue ~$13.0B; discloses material weakness in internal controls
Q4 2022: Revenue $3.0B (+66% YoY); GAAP net income $3.4M ($0.04 EPS); adjusted EPS $1.03; adjusted EBITDA $258M (8.6% margin).
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MasTec CFO George Pita to retire March 31, 2023; Paul DiMarco named successor
George Pita, EVP & CFO, notified MasTec of retirement effective March 31, 2023.
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MasTec Q3 revenue up to $2.5B but EPS drops; record $11.2B backlog; guides FY22 rev $9.7B
Q3 GAAP diluted EPS $0.65 vs $1.50 YoY; adjusted diluted EPS $1.34 vs $1.89.
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MasTec exchange offer expires with $74.9M (25%) of IEA notes tendered; settlement Oct 26
$74.884M aggregate principal of IEA 6.625% Senior Notes due 2029 tendered, representing 24.96% of $300M outstanding.
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MasTec extends deadlines for IEA notes exchange offer to Oct 21; 25% tendered as of Oct 14
Amendment extends Consent Deadline, Early Tender Date, and Expiration Date to Oct 21, 2022.
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MasTec completes IEA acquisition; borrows $700M term loan; assumes IEA senior notes
Completed acquisition of IEA on Oct 7, 2022; issued ~2.65M shares of MTZ common stock to IEA shareholders.
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MasTec amends exchange offer for IEA notes; extends consent and early tender to Oct 14
Extended Early Tender Date and Consent Deadline for IEA 6.625% Senior Notes exchange to 5:00 p.m. ET on Oct 14, 2022.
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MasTec extends exchange offer for IEA 6.625% Senior Notes to Oct 14; 25.8% tendered
Consent deadline and early tender date moved to Sept 23; expiration extended to Oct 14, 2022.
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MasTec and IEA HSR waiting period expires; deal expected to close October 2022
Expiration of HSR waiting period removes one condition for MasTec's acquisition of IEA.
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MasTec amends exchange offer for IEA Senior Notes; extends deadlines to Sept 9
Early Tender Date extended to 5:00 p.m. ET on Sept 9, 2022 for exchange of IEA 6.625% Senior Notes due 2029.
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MasTec ups revolving credit by $250M to $1.90B and secures $700M term loan for IEA acquisition
Amendment increases revolving credit commitments by $250M to $1.90B; subsidiary guarantees released.
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MasTec amends exchange offer terms for IEA notes; extends early tender and consent deadline to Sept 1
Early Tender Date and Consent Deadline extended to 5:00 p.m. NYC time on September 1, 2022.
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MasTec amends exchange offer for IEA notes, extends consent deadline to Aug 24
Extended consent deadline to 5:00 p.m. on Aug 24, 2022; early tender date also set to Aug 24.
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MasTec launches $300M exchange offer for IEA notes in connection with pending merger
Private exchange offer for any and all of IEA's outstanding $300M 6.625% Senior Notes due 2029.
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MasTec Q2 revenue up 17% to $2.3B, GAAP EPS $0.20; reaffirms FY guidance with record backlog $11.0B
Q2 revenue $2.3B (+17% YoY); GAAP net income $16.3M, diluted EPS $0.20; adjusted EPS $0.73.