secwatch.observer — SEC 8-K summary
======================================

Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001193125-23-047043
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/0001193125-23-047043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312523047043/d443161d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-047043

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