secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001193125-24-129870
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312524129870/0001193125-24-129870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312524129870/d815394d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129870

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