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Sep 30, 2022
MasTec Q3 2022 Earnings Report
MasTec's Q3 2022 performance reflected strong revenue growth in non-Oil & Gas segments and a record backlog.
Key Takeaways
MasTec announced third quarter 2022 financial results with revenue increasing to $2.5 billion. GAAP net income was $49.2 million, or $0.65 per diluted share, and adjusted diluted earnings per share was $1.34. The company reported a record 18-month backlog of $11.2 billion as of September 30, 2022.
Third Quarter 2022 Revenue Increased to $2.5 Billion with a 38% Year Over Year Increase in Non-Oil & Gas Segment Revenue
GAAP Net Income of $49.2 Million, Diluted Earnings Per Share of $0.65 and Adjusted Diluted Earnings Per Share of $1.34
Adjusted EBITDA of $246 Million or 9.8% of Revenue, a 200-Basis Point Sequential Improvement Over Second Quarter
Record 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 Year
Revenue by Segment
Forward Guidance
The Company currently expects full year 2022 revenue to approximate $9.7 billion. For the fourth quarter of 2022, inclusive of the IEA acquisition, the Company expects revenue of approximately $2.9 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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