MasTec (MTZ) Tops Q2 EPS by 48c, Offers Guidance

Go back to MasTec (MTZ) Tops Q2 EPS by 48c, Offers Guidance

MasTec Announces Second Quarter 2021 Results with Record Backlog and Updates Annual Guidance

August 5, 2021 4:39 PM EDT

CORAL GABLES, Fla., Aug. 5, 2021 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong second quarter 2021 financial results and updated its guidance for the remainder of 2021.

Second quarter 2021 revenue was $2.0 billion, compared to $1.6 billion for the prior year period, a 25% increase. Second quarter 2021 GAAP net income increased 33% to $75.8 million, or $1.02 per diluted share, compared to $56.8 million, or $0.78 per diluted share in the prior year.

Second quarter 2021 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, increased significantly to $96.7 million, and $1.30, respectively. Second quarter 2021 adjusted EBITDA, also a non-GAAP... More