---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-047043"
form_type: "8-K"
ticker: "MTZ"
cik: "0000015615"
company_name: "MASTEC INC"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:42:50.071302+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MasTec Q4 revenue up 66% to $3.0B; guides 2023 revenue ~$13.0B; discloses material weakness in internal controls

## Summary
- Q4 2022: Revenue $3.0B (+66% YoY); GAAP net income $3.4M ($0.04 EPS); adjusted EPS $1.03; adjusted EBITDA $258M (8.6% margin).
- Full year 2022: Revenue $9.8B (+23% YoY); GAAP net income $33.9M ($0.42 EPS); adjusted EPS $3.05; adjusted EBITDA $781M (8.0% margin).
- Backlog $13.0B at Dec 31, 2022, up 31% YoY; completed IEA acquisition, reduced net debt by ~$350M in Q4.
- 2023 guidance: Revenue ~$13.0B; GAAP EPS $2.48-$2.70; adjusted EBITDA $1.10-$1.15B; Q1 2023 expected net loss ~$86M.
- Expects to disclose material weakness in internal controls over financial reporting in 2022 10-K, related to IT controls at certain 2021 acquisitions; no financial impact.

## SEC filing metadata
- accession: 0001193125-23-047043
- form_type: 8-K
- ticker: MTZ
- cik: 0000015615
- company_name: MASTEC INC
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/d443161d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-047043
- JSON: https://secwatch.observer/filing/0001193125-23-047043.json
- Plain text: https://secwatch.observer/filing/0001193125-23-047043.txt

## Key facts
- Earnings Releases
  MASTEC INC reported the year ended December 31, 2022 results: revenue $9.8 billion, net income $33.9 million, EPS $0.42 per diluted share.
  - Period: the year ended December 31, 2022
  - Revenue: $9.8 billion
  - Net income: $33.9 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: For the year ended December 31, 2022, revenue was up 23% to $9.8 billion, compared to $8.0 billion for the prior year. GAAP net income was $33.9 million, or $0.42 per diluted share, compared to $330.7 million, or $4.45 per diluted share in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm
- Earnings Releases
  MASTEC INC reported full year 2023 results: revenue $13.0 billion, net income between $194 and $212 million, EPS between $2.48 and $2.70. Guidance initiated.
  - Period: full year 2023
  - Revenue: $13.0 billion
  - Net income: between $194 and $212 million
  - EPS: between $2.48 and $2.70
  - Guidance: initiated
  - Result: guidance update
  source text: The Company currently expects full year 2023 revenue will approximate $13.0 billion, a record level. 2023 full year GAAP net income and diluted earnings per share are expected to range between $194 and $212 million and $2.48 and $2.70, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm
- Earnings Releases
  MASTEC INC reported Fourth Quarter 2022 results: revenue $3.0 billion, net income $3.4 million, EPS $0.04 per diluted share.
  - Period: Fourth Quarter 2022
  - Revenue: $3.0 billion
  - Net income: $3.4 million
  - EPS: $0.04 per diluted share
  - Result: reported results
  source text: Fourth quarter 2022 revenue was up 66.3% to $3.0 billion, compared to $1.8 billion for the fourth quarter of 2021. GAAP net income was $3.4 million, or $0.04 per diluted share, compared to $76.4 million, or $1.04 per diluted share, in the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm
- Earnings Releases
  MASTEC INC reported first quarter of 2023 results: revenue approximately $2.4 billion, net income approximately $86 million, EPS $1.12 per diluted share. Guidance initiated.
  - Period: first quarter of 2023
  - Revenue: approximately $2.4 billion
  - Net income: approximately $86 million
  - EPS: $1.12 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter of 2023, the Company expects revenue of approximately $2.4 billion. First quarter 2023 GAAP net loss is expected to approximate $86 million, with GAAP diluted loss per share expected to approximate $1.12.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.