MasTec (MTZ) Tops Q4 EPS by 6c

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Go back to MasTec (MTZ) Tops Q4 EPS by 6c

MasTec Announces Fourth Quarter and Annual 2021 Financial Results

February 24, 2022 5:59 PM EST

CORAL GABLES, Fla., Feb. 24, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong 2021 fourth quarter and full year financial results and issued its initial 2022 guidance expectation.

For the Fourth Quarter:

Fourth quarter 2021 revenue was up 10.5% to $1.8 billion, compared to $1.6 billion for the fourth quarter of 2020. GAAP net income was $76.4 million, or $1.04 per diluted share, compared to $112.9 million, or $1.54 per diluted share, in the fourth quarter of 2020.

Fourth quarter 2021 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, were $99.9 million and $1.35, respectively, as compared to $128.1 million and... More