MasTec Q2 revenue record $2.87B (+25% YoY); guides FY23 adj EPS $3.75-$4.19

MASTEC INC

2023-Q2 EPS reported -$0.84 revenue$5,458,774,000

Q2 2023 GAAP net income $16.8M ($0.20/shr); adj net income $70.7M ($0.89/shr), beating guidance by $0.03.
Adjusted EBITDA $255.4M (+43% YoY); adjusted EBITDA margin 8.9%, up from 7.8% YoY.
Full year 2023 guidance updated: revenue $12.7-13.0B, adj EBITDA $1.05-1.10B, adj EPS $3.75-$4.19.
Clean Energy & Infra segment margins improved ~600bps YoY, but IEA project delays push some revenue into 2024.
Backlog $13.4B, up 22% YoY; net debt $3.2B, liquidity ~$900M, DSO improved 4 days.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MASTEC INC reported second quarter 2023 results: revenue $2.87 billion, net income $16.8 million, EPS $0.20 per diluted share.

Period: second quarter 2023
Revenue: $2.87 billion
Net income: $16.8 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Second quarter 2023 revenue was up 25% to $2.87 billion, compared to $2.30 billion for the second quarter of 2022. GAAP net income was $16.8 million, or $0.20 per diluted share, compared to net income of $16.3 million, or $0.20 per diluted share, in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001193125-23-203179

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