MasTec (MTZ) Tops Q3 EPS by 12c

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Go back to MasTec (MTZ) Tops Q3 EPS by 12c

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

November 3, 2016 5:15 PM EDT

CORAL GABLES, Fla., Nov. 3, 2016 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced third quarter 2016 financial results, as well as increased 2016 full year guidance. The Company reported:

Third quarter 2016 revenue increased 43% organically to $1.59 billion compared to $1.11 billion in the same period in 2015. GAAP net income was $56.5 million, or $0.69 per diluted share, compared to a net income of $7.4 million, or $0.09 per diluted share, in the third quarter of 2015. Third quarter 2016 adjusted net income, a non-GAAP measure, was $66.3 million compared to $20.4 million in the same period in 2015. Third quarter 2016... More