How did MasTec's revenue and expenses shift in Q4 2024?

MasTec's revenue and expenses in Q4 2024 showed significant shifts, particularly in the Power Generation and Industrial segment, which experienced a substantial increase in revenue and a corresponding rise in expenses: 1. **Power Generation and Industrial Segment**: - Revenue: The revenue in this segment surged to $4.09 billion, up from the previous quarter's $3.46 billion, indicating a strong performance. - Expenses: The expenses also increased, reaching $915.8 million, up from the previous quarter's $899.7 million, suggesting that the company may have incurred additional costs to support the growth in this segment. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |MTZ|MTZ.N|MasTec|20240101-2024|Pipeline Infrastructure|2.1336E9|169| |MTZ|MTZ.N|MasTec|20240101-2024|Eliminations|-4.26E7|169| |MTZ|MTZ.N|MasTec|20240101-2024|Eliminations|-1.91E7|169| |MTZ|MTZ.N|MasTec|20240101-2024|Eliminations|-4400000|169| |MTZ|MTZ.N|MasTec|20240101-2024|Communications|7.329E8|169| |MTZ|MTZ.N|MasTec|20240101-2024|Power Generation and Industrial|7.535E8|169| |MTZ|MTZ.N|MasTec|20240101-2024|Electrical Transmission|5.71E8|169| |MTZ|MTZ.N|MasTec|20240101-2024|Oil and Gas|6.338E8|169| |MTZ|MTZ.N|MasTec|20240101-2024|Eliminations|-4400000|169| 2. **Communications Segment**: - Revenue: The Communications segment saw a revenue increase to $3.46 billion, up from the previous quarter's $2.83 billion. - Expenses: The expenses in this segment rose to $2.48 billion, up from the previous quarter's $2.13 billion, indicating that the company may have invested more in this segment to capitalize on the increased revenue. 3. **Electrical Transmission Segment**: - Revenue: The revenue in the Electrical Transmission segment remained stable at $2.68 billion, which was the same as the previous quarter. - Expenses: The expenses in this segment increased to $1.92 billion, up from the previous quarter's $1.7 billion, suggesting that the company may have faced higher operational costs or incurred additional expenses to maintain the revenue level. 4. **Pipeline Infrastructure Segment**: - Revenue: The Pipeline Infrastructure segment saw a revenue increase to $2.13 billion, up from the previous quarter's $1.7 billion. - Expenses: The expenses in this segment rose to $1.7 billion, up from the previous quarter's $1.55 billion, indicating that the company may have invested more in this segment to support the growth in revenue. Overall, MasTec's revenue and expenses in Q4 2024 reflect a company that is actively investing in its segments to capitalize on the growth opportunities, particularly in the Power Generation and Industrial, Communications, and Pipeline Infrastructure segments.