MasTec (MTZ) Tops Q3 EPS by 3c, Beats on Revenues

MasTec (NYSE: MTZ) reported Q3 EPS of $0.77, $0.03 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.65 billion.

Record third quarter 2017 revenue was $1.96 billion, a 23% increase compared with $1.59 billion for the same period last year.
Record third quarter 2017 GAAP net income increased 14% to $64.2 million, or $0.77 per diluted share, compared to $56.5 million, or $0.69 per diluted share, in the third quarter of 2016.
Record third quarter 2017 adjusted net income, adjusted diluted earnings per share and adjusted EBITDA, all non-GAAP measures, were as follows:

• Adjusted net income was $68.0 million, compared to $66.3 million in the same period of the prior year. Adjusted diluted earnings per share was $0.82, compared to $0.81 in the third quarter of 2016.
• Adjusted EBITDA was $180 million, compared to $165 million in the third quarter of 2016.

For earnings history and earnings-related data on MasTec (MTZ) click here.

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