Mastec Inc.
MasTec Reports Fourth Quarter and Annual 2024 Financial Results and Provides Initial 2025 Guidance
Summary
MasTec, Inc. announced its 2024 fourth quarter and full year financial results, including record backlog and strong financial metrics. The company also issued initial 2025 guidance, expecting a 9% increase in revenue over 2024. Key financial highlights include record full-year 2024 revenue of $12.3 billion, GAAP net income of $199.4 million, and adjusted EBITDA of $1.0 billion. MasTec expects 2025 revenue to be $13.45 billion, with adjusted EBITDA ranging from $1.10 to $1.15 billion.
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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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