secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-248758
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec beats Q3 expectations, raises full-year guidance; GAAP EPS $1.21 vs $0.18 YoY
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- Q3 revenue $3.3B (flat YoY); net income $105.4M ($1.21 diluted EPS) vs $15.3M ($0.18) in Q3 2023.
- Adjusted diluted EPS $1.63 beats expectations by $0.39; adjusted EBITDA $305.9M (+13% YoY).
- Record 18-month backlog of $13.9B, up $1.4B from Q3 2023; cash from ops $278M in Q3.
- Full-year guidance raised: revenue ~$12.225B, adjusted EBITDA $990M, adjusted EPS $3.75.
- Net debt leverage reduced to 2.2x; year-to-date cash flow from ops $650M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312524248758/0001193125-24-248758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312524248758/d899901d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-248758

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