MasTec (MTZ) Tops Q2 EPS by 15c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, 3Q EPS Mid-Point Guidance Above Consensus

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Go back to MasTec (MTZ) Tops Q2 EPS by 15c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, 3Q EPS Mid-Point Guidance Above Consensus

MasTec Announces Better Than Expected Second Quarter 2020 Results and Record Second Quarter Backlog

July 30, 2020 4:35 PM EDT

CORAL GABLES, Fla., July 30, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected second quarter 2020 financial results and updated its guidance for the remainder of 2020.

Second quarter 2020 revenue was $1.57 billion, with second quarter cash flow from operations of $293 million, enabling a $177 million reduction in total debt levels. First half 2020 revenue was $2.99 billion, with first half 2020 cash flow from operations at a record level of $497 million, a $145 million increase over cash flow from operations during the first half of last year, enabling a $190 million reduction in total... More