MasTec, Inc. (NYSE:MTZ) Q2 2020 Earnings Conference Call - Final Transcript

Jul 31, 2020 • 09:00 am ET


MasTec, Inc. (NYSE:MTZ) Q2 2020 Earnings Conference Call - Final Transcript


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Welcome to MasTec's Second Quarter 2020 Earnings Conference Call initially broadcast on July 31, 2020. [Operator Instructions]

And at this time, I'd like to turn the call over to your host today, Marc Lewis, MasTec's Vice President of Investor Relations. Marc?

J. Marc Lewis

Thank you, Sarah, and good morning, everyone. Welcome to MasTec's second quarter call. The following statement is made pursuant to the safe harbor for forward-looking statements described in the Private Securities Litigation Reform Act of 1995. In these communications, we may make certain statements that are forward-looking such as statements regarding MasTec's future results, plans and anticipated trends in the industries where we operate.

These forward-looking statements are the company's expectations on the day of the initial broadcast of this call, and the company does not undertake to update these expectations based on subsequent events or knowledge. Various risks, uncertainties and assumptions are detailed in our press releases and filings with the SEC. Should one more of our risk or assumptions prove incorrect, or should this information be changing, the results may differ significantly from results expressed or implied in these communications.

In today's remarks by management, we will discuss adjusted financial metrics, as discussed and reconciled in yesterday's press release and supporting schedules. In addition, we may use certain non-GAAP financial measures in this conference call. A reconciliation of any non-GAAP financial measures not reconciled in these comments to the most comparable GAAP financial measure can be found in our earnings release, our 10-Q, or posted on a PowerPoint presentation located in the Investors section of our website located at

Just a note on the 10-Q availability, we've been attempting to file the 10-Q with the SEC since 5:00 p.m. yesterday, but an SEC filing system breach has prevented the filing from being uploaded and accessible. We expect this will be resolved shortly. With us today, we have Jose Mas, our Chief Executive Officer; and George Pita, our Executive Vice President and Chief Financial Officer. The format of the call will be opening remarks and announcements by Jose, followed by a financial review from George. These discussions will be followed by a Q&A period, and we expect the call to last about 60 minutes.

We had another great quarter and a lot of important things to talk about today, so I'll now turn the call over to Jose. Jose?

Jose R. Mas

Thanks, Marc. Good morning, and welcome to MasTec's 2020 Second Quarter Call. I hope and pray that everyone's family is healthy and safe. We are truly in a challenging and unprecedented time as we continue to manage through the COVID-19 pandemic. During this time, the safety of our team members has been our top priority. I have to say, I'm so proud of the men and women of MasTec, their sacrifices, resilience, creativity and commitment have been inspiring. Millions of families throughout the U.S. rely on the power, communication, entertainment and other services we help our customers provide.

Our team has delivered, and I'd like to thank the men