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MasTec, Inc.
5/2/2025
Quarter 2025 Financial Results Conference Call. Today's call is being recorded. I'd like to turn the call over to Chris McRae, Vice President of Investor Relations.
Good morning, and thank you for joining us for Moss Tech's First Quarter 2025 Financial Results Conference Call. Joining me today are Jose Moss, Chief Executive Officer, and Paul DeMarco, Chief Financial Officer. We've prepared slides to supplement our remarks, which are posted on Moss Tech's website under the Investors tab and through the webcast link. There's also a companion document with information and analytics on the quarter, a guidance summary to assist in financial modeling. Please read the forward-looking statement disclaimer contained in the slides accompanying this call. During this call, we'll make forward-looking statements regarding our plans and expectations about the future as of the date of this call. Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward-looking statements. Our Form 10-K is as updated by current periodic reports, include the detailed discussion of principal risks and uncertainties that may cause such differences. In today's remarks, we'll be discussing adjusted financial metrics reconciled in yesterday's press release and supporting schedules. We may also use certain non-GAAP financial measures in the conference call. A reconciliation of any non-GAAP financial measures not reconciled in these comments to the most comparable GAAP financial measures can be found in our earnings press release. And I'll turn the call over to Mark Lewis for some parting remarks.
Mark. Thanks, Chris. Good morning, everyone. This is my 92nd consecutive quarterly earnings call after more than 23 years as VP of Investor Relations. And MOSTEC has unquestionably been the highlight of my 50-year professional career. It's been an incredible ride. I've had the best hour job in America, and I was blessed to have Leanne, the best corporate wife of 52 years, to keep things running at home while I was traveling the world talking about the next big thing at MOSTEC. There are lots of Moss State people to thank. I'd first like to thank our chairman, Jorge Moss, for his leadership and inspiration. Jorge taught me that adversity is always only temporary. There are always hidden opportunities, and you just have to look for them and exploit them to your full advantage. I'd also like to thank our board and general counsel, Albert DeCardenas, who have been constant sources of guidance and strength. They were steady in good times and bad and never failed in their leadership and wise counsel for the management team. I'd also like to thank our prior CEO, Austin Schoenfelter, who hired me in 2002, and along with prior CFO, Bob Campbell, who both took us through a very challenging turnaround and recapitalization process in the early 2000s, which put MyStack on the path to growth and future success. I'd like to thank my good friend and longtime COO, Bob Apple, who has led a great team of men and women. A great team is always the foundation of a successful company, and their ever-improving performance has made my job easy. I'd like to thank George Pita for his financial leadership as CFO and the hundreds of financial support and operational staff who supported me in my efforts. And now Paul DeMarco bringing new outside-the-box thinking to the CFO role. But most of all, I'd like to thank Jose Mas. There were a lot of skeptics when he took over as CEO in 2007 at 35 years of age, and he proved them all wrong. His leadership and vision for diversification and growth has turned Mas into a Fortune 500 company that we're all proud to be a part of. The corporate culture he's created is why I've been here so long and why so many of my co-worker friends have been here for 10, 20, and even 30 years. He's the best CEO I've ever worked for, and I know the best is yet to come for Mostek under his brilliant and success-driven leadership. Finally, I'd like to thank all the thousands of shareholders, portfolio managers, and analysts I've worked with over the years. We've had a lot of success together and some fun, and I really miss talking to each of you. Most of all, I'll miss being on the road, confidently telling you about Mostek's next pathway to growth and ever-increasing shareholder value. I love this company. It's history. It's hard to leave a great company and a job you truly love, but the time is right for me and for Mostek. I'm excited to turn IR over to Chris McRae, a long-time TR professional who will take investor relations at Mostek to the next level. With that said, as I have often said over the last 23 years, Mostek had another great quarter. and there are a lot of good things to talk about today. So it is my pleasure to turn the call over to my good friend Jose Mas for one last time. Jose? Thanks, Mark.
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