MasTec (MTZ) Tops Q2 EPS by 13c, FY EPS Guidance Tops Views

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MasTec Announces Second Quarter 2016 Results Above Expectations and Increases 2016 Full Year Guidance

August 4, 2016 4:31 PM EDT

CORAL GABLES, Fla., Aug. 4, 2016 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced second quarter 2016 financial results, as well as increased 2016 full year guidance. The Company reported:

Second quarter 2016 revenue was $1.23 billion compared to $1.07 billion in the same period in 2015. GAAP net income was $24.4 million, or $0.30 per diluted share, compared to a net loss of $3.8 million, or a loss of $0.05 per diluted share, in the second quarter of 2015. Second quarter 2016 adjusted net income, a non-GAAP measure, was $29.9 million compared to $8.1 million in the same period in 2015. Second quarter... More