MasTec (MTZ) Tops Q1 EPS by 35c, Offers FY Guidance
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MasTec Announces Record First Quarter 2021 Results and Increased Annual Guidance
May 6, 2021 4:40 PM EDTCORAL GABLES, Fla., May 6, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced record first quarter 2021 financial results and increased its guidance for the remainder of 2021.
First quarter 2021 revenue was $1.8 billion, compared to $1.4 billion for the prior year, a 25% increase. First quarter 2021 cash flow from operations was $257 million, compared to $203 million for the prior year, a 27% increase. First quarter 2021 GAAP net income was $66.1 million, or $0.89 per diluted share, compared to $36.1 million, or $0.48 per diluted share in the prior year. These metrics all represented record first quarter performance levels.
Record first... More
