Mastec announces first quarter 2023 financial results with record backlog and updates guidance for the year

First quarter 2023 revenue increased 32% over same quarter last year first quarter 2023 results include gaap net loss of $80.5 million, adjusted ebitda of $102.5 million, diluted loss per share of $1.05 and adjusted diluted loss per share of $0.54, exceeding guidance expectations by $0.07 and $0.03 per share, respectively record 18-month backlog as of march 31, 2023 of $13.9 billion, a 31% increase over the same quarter last year annual 2023 guidance range includes revenue of $13.0 to $13.2 billion, gaap net income of $165 to $200 million, adjusted ebitda of $1.10 to $1.15 billion, diluted earnings per share of $2.11 to $2.55 and adjusted diluted earnings per share of $4.35 to $4.85 coral gables, fla. , may 4, 2023 /prnewswire/ -- mastec, inc. (nyse: mtz) today announced 2023 first quarter financial results and updated its full year 2023 guidance range expectation.
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