MasTec Announces Record Third Quarter 2018 Revenue and Backlog, Net Income, Adjusted Net Income and EBITDA With Increased Annual Guidance

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Go back to MasTec Announces Record Third Quarter 2018 Revenue and Backlog, Net Income, Adjusted Net Income and EBITDA With Increased Annual Guidance

MasTec (MTZ) Tops Q3 EPS by 8c, Revenues Miss; Offers FY18 EPS Outlook Above Consensus

November 1, 2018 5:10 PM EDT

MasTec (NYSE: MTZ) reported Q3 EPS of $1.33, $0.08 better than the analyst estimate of $1.25. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.99 billion.

Jose Mas, MasTec's Chief Executive Officer, commented, "We had a great quarter despite regulatory and hurricane flooding disruptions on selected projects. We are proud to report record results and increase our annual guidance expectation. Importantly, our record backlog level across multiple segments continues to give us... More