Mastec, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023
February 23, 2023 at 06:31 pm EST
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MasTec, Inc. provided earnings guidance for the first quarter and full year of 2023. For the quarter, Company expects revenue of approximately $2.4 billion, GAAP net loss is expected to approximate $86 million, with GAAP diluted loss per share expected to approximate $1.12.
For the year, Company currently expects revenue will approximate $13.0 billion, a record level, GAAP net income and diluted earnings per share are expected to range between $194 million and $212 million and $2.48 and $2.70, 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. 
