MasTec (MTZ) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 EPS Guidance Below Consensus, FY19 EPS Guidance Above Consensus
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MasTec Announces Fourth Quarter and Annual 2018 Financial Results and Issues Record 2019 Guidance
February 28, 2019 4:35 PM ESTCORAL GABLES, Fla., Feb. 28, 2019 /PRNewswire/ --Â MasTec, Inc. (NYSE: MTZ) today announced strong 2018 fourth quarter and full year financial results and issued its initial 2019 guidance expectation.
Fourth quarter 2018 revenue was $1.92 billion, compared with $1.60 billion for the same period last year. GAAP net income was $31.8 million, or $0.41 per diluted share, compared to $160.7 million, or $1.95 per diluted share, in the fourth quarter of 2017. Fourth quarter 2017 GAAP results include an after-tax benefit of $1.46 per diluted share related to the impact of initial re-measurement of the Company's U.S. deferred... More