MasTec (MTZ) Tops Q1 EPS by 4c
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MasTec Announces First Quarter 2016 Results with Adjusted EPS Above Expectations and Raises 2016 Full Year Guidance
May 5, 2016 4:48 PM EDTCORAL GABLES, Fla., May 5, 2016 /PRNewswire/ --Â MasTec, Inc. (NYSE: MTZ) today announced first quarter 2016 financial results, as well as an updated and increased 2016 full year guidance range. The Company reported:
First quarter 2016 revenue was $974 million compared with $1.0 billion in the same period in 2015. 18-month backlog as of March 31, 2016 was $5.7 billion, a 35% increase compared to $4.2 billion as of March 31, 2015 and $5.7 billion as of December 31, 2015. First quarter 2016 adjusted net income, a non-GAAP measure, was $1.5 million compared to $6.1 million in the same period in 2015. First quarter 2016 adjusted diluted... More