Mastec announces fourth quarter and annual 2023 financial results and provides initial 2024 guidance

Record fourth quarter and annual revenue of $3.3 billion and $12.0 billion, respectively full year 2023 cash flow from operations of $687 million, a 95% increase over full year 2022 fourth quarter reduction in net debt of $455 million 2023 results include gaap net loss of $47.3 million, adjusted net income of $156.7 million, adjusted ebitda of $860.3 million, diluted loss per share of $0.64 and adjusted diluted earnings per share of $1.97 adjusted diluted earnings per share was $0.22 above the prior guidance estimate issuing initial annual 2024 guidance including revenue of $12.5 billion, a 4% increase over 2023, gaap net income of $105 million, adjusted ebitda of $955 million, with diluted earnings per share of $1.04, and adjusted diluted earnings per share of $2.69 coral gables, fla. , feb. 29, 2024 /prnewswire/ -- mastec, inc. (nyse: mtz) today announced 2023 fourth quarter and full year financial results and issued its initial 2024 guidance expectation.
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