secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001193125-24-191835
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec Q2 adj EPS $0.96 beats target; record backlog $13.3B; FY rev guidance $12.4B
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- Q2 revenue $2.96B (+3% YoY); GAAP EPS $0.43; adj diluted EPS $0.96 ($0.08 above expectations).
- Q2 adjusted EBITDA $267.8M, $7.8M above expectations; net income $43.8M vs $16.8M YoY.
- 18-month backlog $13.3B, up $501M sequentially; record levels in Clean Energy, Power Delivery, Communications.
- Cash from operations $264M; net debt leverage below 2.5x; awarded ~700-mile high-voltage transmission project.
- FY2024 guidance: rev ~$12.4B, adj EBITDA $975M, adj EPS $3.03; Q3 rev ~$3.45B, adj EPS $1.24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312524191835/0001193125-24-191835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312524191835/d866592d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-191835

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