secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001193125-23-203179
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312523203179/0001193125-23-203179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312523203179/d517227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-203179

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