Mastec announces first quarter 2022 financial results with record backlog and updates guidance for the year

First quarter 2022 results include gaap net loss of $35.0 million, adjusted ebitda of $99 million, diluted loss per share of $0.47 and adjusted diluted loss per share of $0.03, exceeding guidance expectations by $0.09 per share record 18-month backlog as of march 31, 2022 of $10.6 billion, a 35% increase over the same quarter last year continued strong balance sheet with ample liquidity and comfortable leverage metrics annual 2022 guidance range includes revenue of $9.2 billion, gaap net income from $186 to $205 million, adjusted ebitda of $850 to $875 million, diluted earnings per share from $2.45 to $2.70 and adjusted diluted earnings per share from $4.22 to $4.47 coral gables, fla., may 5, 2022 /prnewswire/ -- mastec, inc. (nyse: mtz) today announced 2022 first quarter financial results and updated its full year 2022 guidance range expectation to reflect anticipated 2022 project timing delays in its clean energy & infrastructure and oil & gas segment operations.
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