The replay will be available for 30 days. We anticipate that this transaction, exclusive of merger integration costs, will be accretive to 2015 diluted earnings per share in the range of $0.05- $0.10. MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation. George Pita, MasTec's Chief Financial Officer, commented, "We believe that once WesTower's operations are integrated into MasTec billing systems and processes, we will be able to substantially reduce overall working capital levels in these operations by as much as 20%. Inorganic Moves to Bolster Footprint: MasTec rides high on solid acquisition strategy. The company completed two acquisitions during first-quarter 2019. As of December 2016, Alphabet has acquired over 200 companies, with its largest acquisition being the purchase of Motorola Mobility, a mobile device manufacturing company, for $12.5 billion.Most of the firms acquired by Google are based in the United States, and, in turn, most of these are based in or around the San Francisco Bay Area. We are in a unique position to improve WesTower's post-acquisition operating results and working capital efficiency, and expect to expand margins, reduce working capital requirements and grow the combined business with multiple customers.". In total, Mastec Plastema now has 20 injection moulding machines from 25 ton up to 1200 ton. Strategic Acquisitions, Upbeat Views: MasTec rides high on solid acquisition strategy. CORAL GABLES, Fla., Nov. 19, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Jorge Mas, Chairman, and Jose Mas, Chief … WesTower's current operating margin and working capital levels are indicative of industry-wide challenges managing the complexities of rapid growth in wireless construction services. WesTower's operations have experienced significant revenue expansion, growing from approximately $100 million in annual revenues in 2010, to approximately $450 million in projected revenues in 2014. 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. CORAL GABLES, Fla., Nov. 19, 2019 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that Jorge Mas, Chairman, and Jose Mas, Chief Executive Officer (together with certain family partnerships and trusts, the "Mas Brothers"), have entered into financing arrangements (the "Financings") involving prepaid variable forward contracts with respect to MasTec common stock, as described in more detail in various filings with the Securities and Exchange Commission ("SEC") on or about the date of this press release. GAAP net income increased 8% to $130.1 million, or $1.69 per diluted share, compared to … At closing, WesTower had approximately $159 million in tangible net worth, comprised mostly of working capital of $151 million, including approximately $18 million in cash. MasTec, Inc.’s MTZ Precision Pipeline, LLC or PPL unit has received a contract for the Keystone XL Pipeline construction in Montana and South Dakota. These are challenges which MasTec faced and overcame in our existing wireless operations through the development of our processes and systems, which we believe to be a competitive advantage. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. ... regulation and acquisition policies and procedures. 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. Site Acquisition Specialist MasTec Network Solutions December 2017 – Present 1 year 11 months. Securities Investor Fraud. MasTec is a good company to work for if you are looking for a second chance. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions, including the effect of economic downturns on demand for our services, reduced capital expenditures by our customers, reduced financing availability, customer consolidation and technological and regulatory changes in the industries we serve; market conditions, technological developments and regulatory changes that affect us or our customers' industries; trends in electricity, oil, natural gas and other energy source prices; 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 performance on such projects; customer disputes related to our performance of services; disputes with, or failures of, our subcontractors to deliver agreed-upon supplies or services in a timely fashion; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; our ability to replace non-recurring projects with new projects; the timing and extent of fluctuations in geographic, weather, equipment and operational factors affecting the industries in which we operate; 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, integrate acquired businesses within expected timeframes and achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected; any exposure related to divested businesses; any exposure resulting from system or information technology interruptions or data security breaches; the impact of U.S. federal, local or state tax legislation and other regulations affecting renewable energy, electricity prices, electrical transmission, oil and gas production, broadband and related projects and expenditures; the effect of state and federal regulatory initiatives, including costs of compliance with existing and future environmental requirements; increases in fuel, maintenance, materials, labor and other costs; fluctuations in foreign currencies; risks associated with operating in international markets, which could restrict our ability to expand globally and harm our business and prospects or any failure to comply with laws applicable to our foreign activities; the highly competitive nature of our industry; our dependence on a limited number of customers; 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; the impact of any unionized workforce on our operations, including labor availability and relations; liabilities associated with multi-employer pension plans, including underfunding and withdrawal liabilities, for our operations that employ unionized workers; the adequacy of our insurance, legal and other reserves and allowances for doubtful accounts; the collectability of amounts owed us by our customers; restrictions imposed by our credit facility, senior notes, convertible notes and any future loans or securities; our ability to obtain performance and surety bonds; the outcome of our plans for future operations, growth and services, including business development efforts and cost reduction measures, backlog, acquisitions and dispositions; 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 conversions of convertible notes or other stock issuances; liabilities associated with our participation in joint ventures and other losses associated with non-consolidated investees; our ability to settle conversions of our convertible notes in cash due to contractual restrictions, including those contained in our credit facility, and the availability of cash; as well as other risks detailed in our filings with the Securities and Exchange Commission. TORONTO — Canadian toymaker Spin Master Corp. has solved the Rubik's Cube, completing a US$50-million acquisition of the legendary multi-coloured cube. We are also dedicated to bringing MLS Soccer to South Florida (InterMiami CF) and the creation of Miami Freedom Park as an iconic destination for fans, tourists and residents alike. Updates to this master solicitation will be identified by a date and revision number. MasTec Announces Record Third Quarter 2019 Financial Results and Increased Annual Earnings Guidance - Q3 GAAP Diluted Earnings per Share of … The Financings involve an aggregate of 3,487,500 shares of MasTec common stock, which approximates only 22% and 17% of the MasTec shares beneficially owned by Jorge and Jose Mas, respectively. MasTec has acquired 26 companies.. MasTec’s largest acquisition to date was in 2008, when it acquired Wanzek Construction for $200M.MasTec has acquired in 14 different US states, and 4 countries. CORAL GABLES, Fla., Oct. 20, 2014 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced that it has acquired WesTower Communications, Inc. ("WesTower"), a U.S. subsidiary of Exchange Income Corporation (TSX:EIF). As of Mar 31, 2019, ... Strategic Acquisitions, Upbeat Views: MasTec rides high on solid acquisition strategy. Third quarter 2019 revenue was $2.02 billion, compared with $1.98 billion for the same period last year. MASTEC, INC. CONSOLIDATED BALANCE SHEETS (unaudited - in thousands, except share information) 2020 June 30, December 31, 2019 Assets Current assets: Mike McRitchie is an author, "Top 100 Career Blogger", and job search and small business strategist with over 20 years of experience managing wireless telecom build-outs for all the major U. S. carriers (AT&T, Verizon, T-Mobile, Sprint) as a project manager, program manager, and director-level leader. 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