MasTec (MTZ) Tops Q2 EPS by 48c, Offers Guidance
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MasTec Announces Second Quarter 2021 Results with Record Backlog and Updates Annual Guidance
August 5, 2021 4:39 PM EDTCORAL GABLES, Fla., Aug. 5, 2021 /PRNewswire/ --Â 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
