MasTec, Inc. Provides Earnings Guidance for the Third Quarter of 2023 and Full Year 2023
August 03, 2023 at 04:44 pm EDT
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MasTec, Inc. provided earnings guidance for the third quarter of 2023 and full year 2023. For the third quarter of 2023, the Company expects revenue to range from $3.8 billion to $3.9 billion. Third quarter 2023 GAAP net income is expected to range between $101 million and $122 million, with GAAP diluted earnings per share expected to range between $1.27and $1.55.
Full year 2023 guidance, the Company currently expects full year 2023 revenue to range from $12.7 billion to $13.0 billion. GAAP net income and diluted earnings per share for full year 2023 are expected to range between $111 million and $141 million and $1.38 and $1.77, respectively.
MasTec, Inc. is an infrastructure construction company. The Company's segments include Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. Its Communications segment provides engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure. Its Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources. Oil and Gas segment provides engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries. Its Power Delivery segment serves the energy and utility industries through the engineering, construction and maintenance of power transmission and distribution infrastructure, including electrical and gas transmission lines, distribution network systems and substations.
MASTEC, INC. 
