MasTec, Inc. Provides Earnings Guidance for the Second Quarter 2024 and Updates Earnings Guidance for the Full Year 2024
May 02, 2024 at 04:33 pm
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MasTec, Inc. provided earnings guidance for the second quarter 2024 and updates earnings guidance for the full year 2024. The Company currently expects full year 2024 revenue of approximately $12.55 billion. Full year 2024 GAAP net income is expected to approximate $121 million, representing 1.0% of revenue, with GAAP diluted earnings per share expected to be $1.23.
For the second quarter of 2024, the Company expects revenue of approximately $3.1 billion. Second quarter 2024 GAAP net income is expected to approximate $40 million, representing 1.3% of revenue, with GAAP diluted earnings per share expected to be $0.43.
MasTec, Inc. is an infrastructure construction company. The Company's segments include Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. Its Communications segment provides engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure. Its Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources. Oil and Gas segment provides engineering, construction and maintenance services for pipelines and processing facilities for the energy and utilities industries. Its Power Delivery segment serves the energy and utility industries through the engineering, construction and maintenance of power transmission and distribution infrastructure, including electrical and gas transmission lines, distribution network systems and substations.
MASTEC, INC. 
