MasTec (MTZ) Tops Q4 EPS by 8c

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Go back to MasTec (MTZ) Tops Q4 EPS by 8c

MasTec Announces Strong Fourth Quarter and Annual 2020 Financial Results

February 25, 2021 4:35 PM EST

CORAL GABLES, Fla., Feb. 25, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong 2020 fourth quarter and full year financial results and issued its initial 2021 guidance expectation.

For the Fourth Quarter:

Fourth quarter 2020 revenue was $1.6 billion, compared to $1.7 billion for the fourth quarter of 2019. GAAP net income was $112.9 million, or $1.54 per diluted share, compared to $100.7 million, or $1.33 per diluted share, in the fourth quarter of 2019.

Fourth quarter 2020 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, were $128.1 million, or $1.75 per adjusted diluted share, compared to $106.3... More