---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-129870"
form_type: "8-K"
ticker: "MTZ"
cik: "0000015615"
company_name: "MASTEC INC"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:08:35.832539+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MasTec Q1 2024 net loss narrows to $34.5M; raises FY 2024 revenue guidance to $12.55B

## Summary
- Q1 2024 revenue $2.69B (record first quarter, +4% YoY); GAAP net loss $34.5M vs $80.5M loss in Q1 2023.
- Adjusted EBITDA $157.3M, up $54.8M YoY; adjusted diluted EPS loss $0.13, beating consensus by $0.35.
- 18-month backlog $12.8B, up $430M sequentially; net debt reduced to $2.47B, leverage at 2.7x.
- FY 2024 guidance raised: revenue ~$12.55B, GAAP net income $121M, adjusted EBITDA $975M, adjusted EPS $2.95.
- Q2 2024 guidance: revenue ~$3.1B, adjusted EBITDA ~$260M, adjusted EPS $0.88.

## SEC filing metadata
- accession: 0001193125-24-129870
- form_type: 8-K
- ticker: MTZ
- cik: 0000015615
- company_name: MASTEC INC
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15615/000119312524129870/0001193125-24-129870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15615/000119312524129870/d815394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-129870
- JSON: https://secwatch.observer/filing/0001193125-24-129870.json
- Plain text: https://secwatch.observer/filing/0001193125-24-129870.txt

## Key facts
- Earnings Releases
  MASTEC INC reported first quarter 2024 results: revenue $2.69 billion, net income $34.5 million net loss, EPS $0.53 per diluted share loss. Guidance raised.
  - Period: first quarter 2024
  - Revenue: $2.69 billion
  - Net income: $34.5 million net loss
  - EPS: $0.53 per diluted share loss
  - Guidance: raised
  - Result: reported results
  source text: First quarter 2024 revenue was up 4% to $2.69 billion, a first quarter record, compared to $2.58 billion for the first quarter of 2023. GAAP net loss was $34.5 million, or $0.53 per diluted share, compared to a net loss of $80.5 million, or $1.05 per diluted share, in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/15615/000119312524129870/0001193125-24-129870-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.