MasTec (MTZ) Tops Q1 EPS by 8c
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MasTec Announces First Quarter 2022 Financial Results with Record Backlog and Updates Guidance for the Year
May 5, 2022 4:38 PM EDTFirst Quarter 2022 Results Include GAAP Net Loss of $35.0 Million, Adjusted EBITDA of $99 Million, Diluted Loss Per Share of $0.47 and Adjusted Diluted Loss Per Share of $0.03, Exceeding Guidance Expectations by $0.09 Per Share Record 18-Month Backlog as of March 31, 2022 of $10.6 Billion, a 35% Increase Over the Same Quarter Last Year Continued Strong Balance Sheet with Ample Liquidity and Comfortable Leverage Metrics Annual 2022 Guidance Range Includes Revenue of $9.2 Billion, GAAP Net Income From $186 to $205 Million, Adjusted EBITDA of $850 to $875 Million, Diluted Earnings Per Share From $2.45 to $2.70 and Adjusted... More
