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MasTec's Q2 Adjusted Earnings, Revenue Increase; Updates 2024 Guidance
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MasTec's Q2 Adjusted Earnings, Revenue Increase; Updates 2024 Guidance
Aug 2, 2024 1:01 AM

03:33 AM EDT, 08/02/2024 (MT Newswires) -- MasTec ( MTZ ) reported Q2 adjusted earnings late Thursday of $0.96 per diluted share, up from $0.89 a year earlier.

Analysts polled by Capital IQ expected $0.87.

Revenue for the quarter ended June 30 was $2.96 billion, up from $2.87 billion a year earlier.

Analysts polled by Capital IQ expected $3.09 billion.

The company expects Q3 adjusted EPS of $1.24 and revenue of $3.45 billion. Analysts surveyed by Capital IQ expect adjusted EPS of $1.21 and revenue of $3.43 billion.

For 2024, the company expects adjusted EPS of $3.03 and revenue of $12.4 billion, compared with previously issued guidance of adjusted EPS of $2.95 and revenue of $12.55 billion. Analysts polled by Capital IQ expect EPS of $2.95 and revenue of $12.55 billion.

Price: 111.42, Change: +5.30, Percent Change: +4.99

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