secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001193125-22-277134
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec Q3 revenue up to $2.5B but EPS drops; record $11.2B backlog; guides FY22 rev $9.7B
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- Q3 GAAP diluted EPS $0.65 vs $1.50 YoY; adjusted diluted EPS $1.34 vs $1.89.
- Non-Oil & Gas segment revenue up 38% YoY; Power Delivery +88%, Communications +33%.
- Record 18-month backlog $11.2B, up 32% YoY and $222M sequentially from Q2.
- IEA acquisition closed Oct 7, 2022; adds ~6,000 employees; included in guidance.
- FY 2022 guidance: revenue $9.7B, adjusted EBITDA $780M, adjusted diluted EPS $3.02.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312522277134/0001193125-22-277134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312522277134/d405150d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-277134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer