- MasTec press release ( NYSE: MTZ ): Q4 Non-GAAP EPS of $1.03 beats by $0.05 .
- Revenue of $3B (+65.7% Y/Y) beats by $90M .
- Fourth quarter 2022 adjusted EBITDA, also a non-GAAP measure, was $257.9 million, compared to $220.2 million in the fourth quarter of 2021. Fourth quarter 2022 adjusted EBITDA margin rate was 8.6% of revenue.
- 18-month backlog as of December 31, 2022 was $13.0 billion, up 31% compared to backlog as of December 31, 2021 of $9.9 billion, and a 16% sequential increase compared to backlog as of September 30, 2022 of $11.2 billion.
- Annual 2023 Guidance Includes Revenue of $13.0 Billion vs. consensus of $12.91B, a 33% Increase Over 2022, GAAP Net Income Between $194 and $212 Million, Adjusted EBITDA Between $1.10 and $1.15 Billion, with Diluted Earnings Per Share Between $2.48 and $2.70, and Adjusted Diluted Earnings Per Share Between $4.64 and $4.91 vs. consensus of $4.75.
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MasTec beats Q4 top and bottom line estimates; initiates FY23 outlook