secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001193125-23-136151
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec Q1 revenue $2.58B +32% YoY; GAAP loss $1.05/sh; backlog record $13.9B; FY adj. EPS guide $4.35-4.85
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- Q1 revenue $2.58B (+32% YoY); GAAP net loss $80.5M ($1.05/sh) vs loss $35M ($0.47/sh) in Q1 2022.
- Adjusted EBITDA $102.5M (4.0% margin); adjusted diluted loss $0.54/sh, $0.03 better than guidance.
- Record 18-month backlog $13.9B (+31% YoY, +7% sequentially) driven by non-Oil & Gas segments.
- FY2023 guidance: rev $13.0-13.2B, adj. EBITDA $1.10-1.15B, adj. EPS $4.35-4.85; Q2 guide: rev ~$3.0B, adj. EPS $0.86; S&P affirmed investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312523136151/0001193125-23-136151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312523136151/d494180d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-136151

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