MasTec (MTZ) Tops Q4 EPS by 9c, Offers Guidance
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MasTec Announces 2015 Fourth Quarter and Annual Financial Results, Announces $100 Million Stock Buyback Authorization and Issues 2016 Guidance
February 25, 2016 5:09 PM ESTCORAL GABLES, Fla., Feb. 25, 2016 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced 2015 fourth quarter and full year financial results, as well its 2016 guidance range. In addition, the Company announced that its board of directors has authorized up to $100 million in repurchases of the Company's shares. The Company reported:
Fourth quarter 2015 revenue was $1.03 billion, a 16.6% decrease compared with $1.23 billion for the prior year fourth quarter. 18-month backlog as of December 31, 2015 represented a record level, at $5.7 billion, a 31% increase compared to $4.3 billion as of December 31, 2014 and a 24% increase compared to $4.6 billion as of... More