Mastec announces second quarter 2023 financial results with record revenue and updates guidance for the year

Record second quarter 2023 revenue increased 25% over same quarter last year to $2.9 billion second quarter 2023 results include gaap net income of $16.8 million with adjusted net income of $70.7 million adjusted ebitda increased 43% to $255.4 million, diluted earnings per share of $0.20 and adjusted diluted earnings per share of $0.89, with adjusted diluted earnings per share exceeding guidance expectations by $0.03. annual 2023 guidance range updated to revenue of $12.7 billion to $13.0 billion, gaap net income of $111 million to $141 million, adjusted ebitda of $1.05 billion to $1.10 billion, diluted earnings per share of $1.38 to $1.77 and adjusted diluted earnings per share of $3.75 to $4.19 coral gables, fla.
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