Corporate China's shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public attack on the country's financial watchdogs and banks. We'll now move to our next question, which comes from Sean Eastman of KeyBanc Capital Markets. Notably, the company’s bottom line surpassed the Zacks Consensus Estimate in each of the trailing 14 quarters. "The company said it was busy investing in the necessary infrastructure needed for parking, charging and maintenance at its locations to support the arrival of the all-electric class 8 trucks.Why It Matters: Privately-held Pride Group has 12 locations in the United States and Canada. But as you look forward, how should we think about that mix of size of M&A targets? Our third quarter 2020 revenue expectation is approximately $1.9 billion, with adjusted EBITDA guidance approximately $254 million or 13.4% of revenue and adjusted earnings per share guidance at $1.67. This strong performance gives us confidence in our expectation that annual 2020 cash flow from operations will be at a new record level, approximating $600 million. So there's a lot of things that we like. And when it does, we're going to benefit, and our Oil and Gas business should be very strong, potentially stronger than the levels that we've historically seen.

But we're doing a lot of biomass.

Our estimate for full year 2020 share count is now 73.6 million shares. You just mentioned that you're looking at share repurchases and acquisitions across all segments, excluding maybe oil and gas. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. That's what we don't know. And we've had a lot of backlog. While I'll cover our segments in more detail in a minute, I'd like to focus on how I feel MasTec is positioned for long-term success.

And I don't think anything's changed. Also, its Oil & Gas pipeline segment’s top line has been negatively impacted over the last few quarters due to regulatory-imposed work delays on a few large project activities. The 300-employee company had a five-year growth rate of 2,365% as of September last year, according to Canadian Business.Pride Group's order is larger than the 130 units ordered by Walmart Inc (NYSE: WMT) in Canada. So we think, over time, we're going to recover. We're not that's why our revenues are as low as they are. These are just organic comments. Best Cities for Jobs 2020; Company Reviews. My first question here that I wanted to ask about was on the Communications segment. The machine has 1200 tons clamping force, which means that we expand our offer to be able to produce products from 1 gr up to 8 kg. Tesla Inc (NASDAQ: TSLA) has received an order for 150 units of its Semi electric truck from a Mississauga, Canada-based trucking conglomerate.What Happened: Pride Group Enterprises announced Wednesday in a statement that it had placed a deposit to secure the initial units and build slots and would further consider purchasing up to 500 trucks. Four of them, including a wireline/fiber deployment construction contractor and a telecommunications company specializing in a broad range of end-to-end wireless telecommunications solutions, are added to the Communications segment.

Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. So when we talk about that business being it $2 billion or around the $2 billion level, that is a negative view. It's important to keep in mind that most of our services have been deemed essential under state and local pandemic mitigation orders, and all of our business segments have continued to operate. We do think that market is going to come back. We're doing a lot of repowering projects. So lots of different opportunities. And then can you provide some more detail on the type of opportunities within the clean energy segment, given your growth expectations over the next two years?

I think that coming out of this, we're obviously going to need some type of economic stimulus, and I think it's one of the few areas where both parties agree on something that needs to be done. I do think telecommunications is going to be a part of it, if there is one. Don’t miss your chance to get in on these long-term buys.Access Zacks Top 10 Stocks for 2020 today >>, Want the latest recommendations from Zacks Investment Research? In order to attend the virtual Annual Meeting, shareholders of record as of the close of business on March 12, 2020 must register via the internet at www.virtualshareholdermeeting.com/MTZ2020. The Ark Next Generation Internet ETF (NYSE: ARKW) bought 116,504 shares of Paypal and 29,683 shares of Alibaba.Related Link: Cathie Wood Increases Teladoc Holdings Across Ark ETFsWhy It's Important: The purchases by all three ETFs represented around 1% of total assets for each fund.Ark Innovation and Ark Next Generation made sizable sales of Tesla Inc (NASDAQ: TSLA) shares on Tuesday. Are you seeing anything there? Our 2020 guidance, which George will cover in detail, assumes the impact of these risks based on the best information we have as of today. As expected and previously communicated, second quarter 2020 Oil and Gas segment revenue of $369 million decreased 61% compared to the same period last year based on project start time. Adjusted earnings per share was $0.95. A free inside look at company reviews and salaries posted anonymously by employees. Thanks, Jose, and good morning, everyone. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump's Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives. Share on Facebook; Share on Twitter; Share on WhatsApp; Share via Email; Copy Link; Link Copied! In the past, you've targeted a lot of small acquisitions that have turned out to be fantastic transactions for you, and you've done a few on the larger side. Here's what its earnings and stock chart show. Launch your career with MasTec Network Solutions and... – More. Again, I want to thank the men and women of MasTec. And we're seeing a lot of assets that potentially could move that we probably wouldn't have expected those assets to be available. I think there's going to be multiple opportunities to deliver those. Moving to our current 2020 guidance. Where the culture did provide lots of online training for meeting company safety and Human Relations regulation conformance, the company offered little or no training both onsite or offsite that would help me grow my experience base and / or career goals.

Davidson.

But is Apple stock a buy now? Aphria Inc. is jumping into the U.S. with the purchase of a craft-beer company that has been a part of stoners' lifestyle for decades. www.virtualshareholdermeeting.com/MTZ2020, http://www.prnewswire.com/news-releases/mastec-announces-conversion-of-its-annual-meeting-of-shareholders-to-virtual-event-301052176.html. We're keeping our eyes on it. Within the three months I was employeed with this company two major layoffs occurred. Shorter term, we will probably start rehiring again soon as we get better clarity as to when things will start. Various risks, uncertainties and assumptions are detailed in our press releases and filings with the SEC. #TCSPartOfYourStory. Second quarter 2020 Oil and Gas segment backlog of $2.66 billion represented a new all-time segment backlog record. We are truly in a challenging and unprecedented time as we continue to manage through the COVID-19 pandemic. The company said it would sell millions of chips for 5G mobile devices, implying hundreds of millions more dollars of revenue than expected. 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 mastec.com.

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I think we're going to have a very good second half of the year in our Communications business. You can't have what they want without it.

Great. Zacks Investment Research. Our Communications revenue for the quarter was $654 million. And as of today, have not executed any share repurchases during the third quarter. Are you still seeing strong demand as they kind of keep up with the COVID demand? The real question starts becoming what happens in '22 and '23. Now I'd like to cover some industry specifics. In this segment, the company expects 30-50% revenue growth and more than 100 basis points margin improvement in 2020. I don't think we're seeing it today. Adjusted EBITDA was $166 million.

If you have already voted, you do not need to take any action unless you wish to change your vote. I do think we'll see M&A, which will be additive to the comments I just made. And I think we're in a really advantageous position to have the confidence of our customers and the work of our customers that's going to keep us very healthy through that process.