MasTec Q2 revenue up 17% to $2.3B, GAAP EPS $0.20; reaffirms FY guidance with record backlog $11.0B

MASTEC INC

2022-Q2 EPS reported -$0.27 revenue$4,256,192,000

Q2 revenue $2.3B (+17% YoY); GAAP net income $16.3M, diluted EPS $0.20; adjusted EPS $0.73.
Record 18-month backlog $11.0B, up 20% YoY; non-Oil & Gas segments all set records.
FY2022 guidance reaffirmed: revenue ~$9.2B, adjusted EBITDA ~$750M, adjusted EPS $3.09.
Clean Energy & Infrastructure segment posted negative adjusted EBITDA (-$5.2M) due to inflation and integration costs.
IEA acquisition expected to close late Q4 2022; strong H2 free cash flow anticipated.

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