MasTec (MTZ) Tops Q3 EPS by 15c, Q4 Guidance Misses

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Go back to MasTec (MTZ) Tops Q3 EPS by 15c, Q4 Guidance Misses

MasTec Announces Strong Third Quarter 2020 Earnings Results

October 29, 2020 4:39 PM EDT

CORAL GABLES, Fla., Oct. 29, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced better than expected third quarter 2020 financial results and updated its guidance for the remainder of 2020.

Third quarter 2020 revenue was $1.7 billion, with third quarter cash flow from operations of $216.0 million, enabling a sequential $129 million reduction in net debt levels. Year to date 2020 revenue was $4.7 billion, with cash flow from operations at a record level of $712.5 million, a $271 million increase over cash flow from operations during the same period last year.  This strong cash flow enabled a year to date $296... More