On this page of StockholderLetter.com we present the latest annual shareholder letter from MASTEC INC — ticker symbol MTZ. Reading current and past MTZ letters to shareholders can bring important insights into the investment thesis.
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 • shareholder letter icon 4/10/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/4/2023 MTZ Stockholder Letter
 • stockholder letter icon 4/4/2024 MTZ Stockholder Letter
 • stockholder letter icon More "Construction" Category Stockholder Letters
 • Benford's Law Stocks icon MTZ Benford's Law Stock Score = 96


MTZ Shareholder/Stockholder Letter Transcript:

011  34  56789   6           966   
 6 9     9     96              
  1      011
!"  9   1    1    
5      996#  3    69  $  
  %6      &     '    86    &  ()  &&79  9        6  )67   *  "6+    67         ("6  &'   6,  (  &  & &8  
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    9)  ''    9   & 7 9  8       *  .  #      (     '    '9  ,6   " 6  '  &8  67   &  6&9   '7   )  &  
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6&     .   , '  6&      8)    8&    6  ( +   % 1 '       9       &       '6&  7'  6&  &   "96)( &   6,  
 .  )  ,6 (  6,   &  8)    ' &6968)    6      & #  9   &  &6&  & #  9 4  16 )   *  (  "9      6    "6         
67   .  6&         &  ,79, 99 4  !   6,  )   &   1     67    9 &  2&  8)   36#    5 9 .  )  &  3 " 9 &   
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6 5 '  .   #  9   (  &  & &8  67   6( &&   "6   6&   &        "96)( &   6,  '6((7& '  6&   &,    7' 7     
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   12345678  9  585   6     878   78   8 4 7 627  4   6   6  8  6558 8 6783   4 8    62  6558 8 6783   4 8    6  2 2 6558 8 6783   4 8    6    6  8    8   742   
5   62       62  8 8  42       7  5   62      88  78  38 42474 2         6  8  6558 8 6783   4 8      6558 8 6783   4 8        6  8    8   742   5   62    623  
 8 8  42       7  5   62   42     8    9        78  !562 8  "57 
#6  8  6558 8 6783   4 8 
"558 8 6783   4 8 

  6  8    8   742   5   62
& 2 6558 8 6783   4 8 

8  42       7  5   62
   1   62  8 8  42       7  5   62   42345678  9  585  6   4   78   8 4 7 627  6   8 85783  2 7  7     8  78  8!782383  7 62 474 2   8 4 3       5    42    47  
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