Pipeline segment revenue rose 50% year-over-year to $644M in Q4, its highest level in two years. Management attributed the jump to improving project activity and signaled an industry upcycle, implying a stronger backlog and outlook for MTZ's pipeline business.
Pipeline segment revenue rose 50% year-over-year to $644M in Q4, its highest level in two years. Management attributed the jump to improving project activity and signaled an industry upcycle, implying a stronger backlog and outlook for MTZ's pipeline business.
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strongly positive
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0.60
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