In the Q2, Mastec Inc 's corporate clients experienced a drop by -65.25 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -66.68 %. During the corresponding time, Mastec Inc recorded a revenue increase by 23.38 % year on year, sequentially revenue grew by 14.23 %. While revenue at the Mastec Inc 's corporate clients recorded rose by 5.04 % year on year, sequentially revenue grew by 1.9 %.
Customers of Mastec Inc saw their costs of revenue drop by -65.25 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -66.68 %, for the same period Mastec Inc recorded revenue increase by 23.38 % year on year, sequentially revenue grew by 14.23 %.
Mastec Inc's Comment on Sales, Marketing and Customers
The company provides labor-based construction services primarily to customers in the communications, clean energy and infrastructure, power delivery, and pipeline infrastructure industries. Services are delivered under master service agreements, multi-year contracts, and specific project contracts. The company operates through five segments: Communications; Clean Energy and Infrastructure; Power Delivery; Pipeline Infrastructure; and Other. The Communications segment supports wireless and wireline/fiber networks, data center construction, wireless integration, install-to-the-home services, and select utility infrastructure. The Clean Energy and Infrastructure segment serves energy, utility, government, and other markets, focusing on power generation facilities utilizing clean and renewable energy sources such as wind, solar, and biomass. The company has been transitioning its business toward low-carbon energy sources and has expanded its operations in renewable energy, power delivery, heavy civil, and telecommunications services.
Mastec Inc’s Comment on Sales, Marketing and Customers
The company provides labor-based construction services primarily to customers in the communications, clean energy and infrastructure, power delivery, and pipeline infrastructure industries. Services are delivered under master service agreements, multi-year contracts, and specific project contracts. The company operates through five segments: Communications; Clean Energy and Infrastructure; Power Delivery; Pipeline Infrastructure; and Other. The Communications segment supports wireless and wireline/fiber networks, data center construction, wireless integration, install-to-the-home services, and select utility infrastructure. The Clean Energy and Infrastructure segment serves energy, utility, government, and other markets, focusing on power generation facilities utilizing clean and renewable energy sources such as wind, solar, and biomass. The company has been transitioning its business toward low-carbon energy sources and has expanded its operations in renewable energy, power delivery, heavy civil, and telecommunications services.
Sources:
Mastec Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Mastec Inc’s corporate clients.
For your research, we’ve provided 9 tables on Mastec Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
18.34 %
19.86 % 