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AI brief of an SEC Form 8-K · MasTec (MTZ)

MasTec raises 2024 guidance as Q3 GAAP EPS rises to $1.21 from $0.18

Positive Impact 4 of 5 earnings Written later

MasTec reported third-quarter 2024 revenue of $3.3 billion, flat from a year earlier, while GAAP net income rose to $105.4 million, or $1.21 per diluted share, from $15.3 million, or $0.18, in the third quarter of 2023. The company also updated full-year 2024 guidance, now expecting revenue of approximately $12.225 billion, GAAP diluted EPS of $1.98 and adjusted EBITDA of $990 million.

Key points

  • Q3 2024 adjusted diluted EPS was $1.63, compared with $0.95 in Q3 2023.
  • Q3 2024 adjusted EBITDA was $305.9 million, up 13% from $271.1 million a year earlier.
  • Full-year 2024 guidance: revenue of approximately $12.225 billion, GAAP diluted EPS of $1.98 and adjusted diluted EPS of $3.75.
  • Q4 2024 guidance: revenue of approximately $3.325 billion and GAAP diluted EPS of $0.86; management will discuss results on November 1, 2024 at 9:00 a.m. Eastern Time.

The filing

CompanyMasTec (MTZ)
Form8-K, current report
Filed with the SECOct 31, 2024, 4:43 PM ET
Accession number0001193125-24-248758

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.