secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-054015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec reports Q4 revenue $3.3B, FY 2023 revenue $12.0B; provides 2024 guidance of $12.5B revenue and adjusted EPS $2.69
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- Q4 revenue $3.28B (+9% YoY); GAAP net income $1.2M ($0.01 diluted EPS); adjusted EPS $0.66.
- FY 2023 revenue $12.0B (+23% YoY); GAAP net loss $47.3M (loss $0.64/sh); adjusted EPS $1.97.
- FY 2023 cash from ops $687M (+95% YoY); net debt reduced $455M in Q4; leverage ratio improved to 2.9x.
- FY 2024 guidance: revenue $12.5B, GAAP net income $105M ($1.04/sh), adjusted EBITDA $955M, adjusted EPS $2.69.
- Q1 2024 guidance: revenue $2.6B, GAAP net loss $61M ($0.88/sh), adjusted loss $0.48/sh on seasonal delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312524054015/0001193125-24-054015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312524054015/d775448d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-054015

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