MasTec (MTZ) Tops Q3 EPS by 3c; Raises Outlook
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MasTec Announces Third Quarter 2022 Financial Results with Record Backlog and Updated Annual 2022 Guidance
November 3, 2022 4:47 PM EDTThird Quarter 2022 Revenue Increased to $2.5 Billion with a 38% Year Over Year Increase in Non-Oil & Gas Segment RevenueGAAP Net Income of $49.2 Million, Diluted Earnings Per Share of $0.65 and Adjusted Diluted Earnings Per Share of $1.34Adjusted EBITDA of $246 Million or 9.8% of Revenue, a 200-Basis Point Sequential Improvement Over Second QuarterRecord 18-Month Backlog as of September 30, 2022 of $11.2 Billion, a Sequential Increase of $222 Million and a $2.7 Billion Increase Over the Same Quarter Last YearAnnual 2022 Guidance Updated to $9.7 Billion in Revenue, GAAP Net Income of $50 Million,... More
