MasTec Announces Strong Fourth Quarter and Annual 2019 Financial Results and Issues Record 2020 Guidance

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Go back to MasTec Announces Strong Fourth Quarter and Annual 2019 Financial Results and Issues Record 2020 Guidance

MasTec (MTZ) Tops Q4 EPS by 4c, Revenues Miss

February 27, 2020 4:46 PM EST

MasTec (NYSE: MTZ) reported Q4 EPS of $1.30, $0.04 better than the analyst estimate of $1.26. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.75 billion.

Fourth quarter 2019 revenue was $1.7 billion, compared to $1.9 billion for the same period last year. GAAP net income was $100.7 million, or $1.33 per diluted share, compared to $31.8 million, or $0.41 per diluted share, in the fourth quarter of 2018.Fourth quarter 2019 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, were $98.8 million, or $1.30 per adjusted diluted share, compared to $83.1 million, or $1.07 per adjusted diluted share... More