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Free Post Earnings Research Report: MasTec’s Quarterly Revenue Jumped 19%

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LONDON, UK / ACCESSWIRE / April 11, 2018 / Active-Investors.com has just released a free earnings report on MasTec, Inc. (NYSE: MTZ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MTZ. MasTec reported its fourth quarter fiscal 2017 operating and financial results on February 28, 2018. The utility contractor outperformed top- and bottom-line estimates. Additionally, the Company provided guidance for the upcoming quarter and full year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Limbach Holdings, Inc. (NASDAQ: LMB), which also belongs to the Industrial Goods sector as the Company MasTec. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MasTec most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

MasTec's revenue was $1.60 billion in Q4 017, reflecting a 19% increase compared to revenue of $1.34 billion for Q4 2016. The Company's reported numbers topped analysts' estimates of $1.32 billion.

For Q4 2017, MasTec's GAAP net income was $160.7 million, or $1.95 per diluted share, compared to $55.9 million, or $0.66 per diluted share, in Q4 2016. The Company's reported quarter results included an after-tax benefit of $120.1 million, or $1.46 per diluted share, related to the impact of re-measurement of the Company's US deferred income tax balances due to the Tax Cuts and Jobs Act (Tax Act) enacted in December 2017.

MasTec's adjusted net income was $38.8 million, or $0.47 per diluted share, in Q4 2017 compared to $60.0 million, or $0.70 per diluted share, in Q4 2016. The Company's reported number's beat Wall Street's estimates of $0.37 per share.

MasTec's Q4 2017 adjusted EBITDA was $128.9 million compared to $154.1 million in Q4 2016.

For the year ended December 31, 2017, MasTec's revenue was $6.6 billion, representing a 29% increase compared to revenue of $5.1 billion for FY16.

For FY17, MasTec's GAAP net income, inclusive of the after-tax benefit related to the Tax Act, was $348.9 million, or $4.22 per diluted share, compared to $134.0 million, or $1.61 per diluted share, in FY16. The Company's adjusted net income was $241.9 million, or $2.92 per share, for FY17 compared to $157.7 million or $1.90 per share in FY16.

Cash Matters

MasTec ended FY17 with net debt of $1.3 billion, and the Company's year-end book leverage ratio was 2.06x. As of year-end 2017, MasTec had liquidity of approximately $600 million.


MasTec achieved record 18-month backlog as of December 31, 2017, of $7.1 billion, reflecting a 31% increase compared to $5.4 billion for the prior year's end. The Company's 18-month backlog as of December 31, 2017, included record levels of Oil & Gas, Communications, and Power Generation & Industrial segment backlog.


MasTec is forecasting full year 2018 revenue to be approximately $6.75 billion, a record level. The Company's FY18 GAAP net income and diluted earnings per share are expected to be approximately $277 million and $3.34, respectively, compared to 2017 GAAP net income and diluted earnings per share of $348 million and $4.22, respectively.

For FY18, MasTec's adjusted EBITDA is expected to be approximately $685 million, or 10.2% of revenue, and adjusted earnings per share is estimated to be $3.45, representing an 18% increase over FY17.

For the first quarter of 2018, MasTec is projecting revenue of approximately $1.23 billion. The Company's upcoming quarter GAAP net income is expected to be approximately $14 million, with GAAP diluted earnings per share projected to be $0.17. MasTec's adjusted EBITDA is estimates to be approximately $90 million, or 7.3% of revenue, with adjusted diluted earnings per share, expected to be $0.20 in Q1 2018.

Stock Performance Snapshot

April 10, 2018 - At Tuesday's closing bell, MasTec's stock marginally rose 0.66%, ending the trading session at $46.10.

Volume traded for the day: 893.24 thousand shares.

Stock performance in the previous six-month period – up 0.33%; and past twelve-month period – up 14.53%

After yesterday's close, MasTec's market cap was at $3.87 billion.

Price to Earnings (P/E) ratio was at 16.71.

The stock is part of the Industrial Goods sector, categorized under the Heavy Construction industry. This sector was up 1.8% at the end of the session.


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