MasTec (MTZ) Tops Q4 EPS by 4c, Revenues Miss
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MasTec Announces Strong Fourth Quarter and Annual 2019 Financial Results and Issues Record 2020 Guidance
February 27, 2020 4:44 PM ESTCORAL GABLES, Fla., Feb. 27, 2020 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced strong 2019 fourth quarter and full year financial results and issued its initial 2020 guidance expectation.
Fourth quarter 2019 revenue was $1.7 billion, compared to $1.9 billion for the same period last year. GAAP net income was $100.7 million, or $1.33 per diluted share, compared to $31.8 million, or $0.41 per diluted share, in the fourth quarter of 2018. Fourth quarter 2019 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, were $98.8 million, or $1.30 per adjusted diluted share, compared to... More