Mastec announces first quarter 2024 financial results and raises guidance for the year

Record first quarter 2024 revenue of $2.7 billion first quarter 2024 gaap net loss of $34.5 million, a $46.0 million improvement over first quarter 2023 and beating consensus estimates by $33.1 million first quarter 2024 adjusted ebitda of $157.3 million, a $54.8 million improvement over first quarter 2023 and beating consensus estimates by $28.7 million first quarter 2024 diluted loss per share of $0.53 and adjusted diluted loss per share of $0.13, beating consensus estimates by $0.33 and $0.35, respectively 18-month backlog as of march 31, 2024 of $12.8 billion increased $430 million sequentially from the fourth quarter 2023 annual 2024 guidance increased to revenue of $12.55 billion, gaap net income of $121 million, adjusted net income of $257 million, adjusted ebitda of $975 million, diluted earnings per share of $1.23 and adjusted diluted earnings per share of $2.95 coral gables, fla. , may 2, 2024 /prnewswire/ -- mastec, inc. (nyse: mtz) today announced first quarter 2024 financial results and updated its full year 2024 guidance expectations.
MTZ Ratings Summary
MTZ Quant Ranking