Mastec announces fourth quarter and annual 2024 financial results with record backlog and provides initial 2025 guidance

Record fourth quarter and annual revenue of $3.4 billion and $12.3   billion , respectively record full year 2024 cash flow from operations increased 63% to $1.1  billion record 18-month backlog of $14.3 billion fourth quarter reduction in net debt of $318 million, with net debt leverage ratio reduced to 1.8x 2024 results include gaap net income of $199.4   million, adjusted net income of $348.3 million, adjusted ebitda of $1.0 billion, diluted earnings per share of $2.06 and adjusted diluted earnings per share of $3.95 issuing initial annual 2025 guidance including revenue of $13.45 billion, a 9% increase over 2024, gaap net income of $327   million to $366 million, adjusted ebitda of $1.10 billion to $1.15 billion, with diluted earnings per share of $3.75 to $4.24, and adjusted diluted earnings per share of $5.35 to $5.84 coral gables, fla. , feb. 27, 2025 /prnewswire/ -- mastec, inc. (nyse: mtz) today announced 2024 fourth quarter and full year financial results and issued its initial 2025 guidance expectation.
MTZ Ratings Summary
MTZ Quant Ranking