Mastec Inc.
MasTec Announces 2023 Financial Results and 2024 Guidance
Summary
MasTec, Inc. reported full-year 2023 revenue of $12.0 billion and GAAP net loss of $47.3 million. The company also provided initial guidance for 2024, expecting revenue of approximately $12.5 billion, GAAP net income of around $105 million, and Adjusted EBITDA of about $955 million. The company's management expects to deliver record levels of revenue and adjusted EBITDA in 2024, positioning for double-digit revenue and earnings growth in 2025 and beyond.
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About Mastec Inc.
Mastec Inc. is a comprehensive infrastructure construction company that operates primarily within the energy and communication sectors. Specializing in the engineering, building, installation, maintenance, and upgrading of infrastructure, Mastec plays a critical role in facilitating the development and functionality of modern energy and communication networks. The company is prominently engaged in activities related to the construction of oil and gas pipelines, electrical transmission systems, renewable energy facilities, and wireless and wireline communication systems. Mastec’s services are essential for utility companies, government agencies, and businesses seeking to expand or maintain their infrastructure capabilities. By providing these key services, Mastec helps to improve the reliability, efficiency, and connectivity of infrastructure networks, underpinning economic growth and technological advancement. This makes Mastec an important player in the ongoing development of essential services and infrastructure in the North American market.
Official SEC Documents
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