secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001193125-23-267468
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec reports Q3 record revenue $3.26B; cuts FY23 guidance to net loss ~$61M
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- Q3 revenue $3.26B (record); GAAP EPS $0.18, adj. EPS $0.95; adj. EBITDA $271M.
- FY23 guidance cut: revenue ~$12B, GAAP net loss ~$61M, adj. EPS ~$1.75 (well below prior).
- Clean Energy delayed; Li-Cycle project paused; Oil & Gas Mountain Valley Pipeline ramp slower.
- Net debt reduced $213M to ~$2.99B; operating cash flow $294M in Q3.
- Expect mid-to-high single-digit revenue growth in 2024 with modest EBITDA margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312523267468/0001193125-23-267468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312523267468/d578716d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267468

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