MTZ Q1 2023 Earnings — MasTec, Inc. Revenue & Financial Results | Market Cap Arena

MTZMasTec, Inc.

$24B

Q1 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$2.6B+32.2% YoY

Gross Profit

$78M3.0% margin

Operating Income

-$71M-2.7% margin

Net Income

-$81M-3.1% margin

EPS (Diluted)

$-1.05

QoQ Revenue Growth

-14.1%

Cash Flow

Operating Cash Flow

-$86M

Free Cash Flow

-$150M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$6.4B

Stockholders' Equity

$2.6B

Cash & Equivalents

$142M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.0B	+32.2%
Gross Profit	$78M	$110M	-28.9%
Operating Income	-$71M	$22M	-423.3%
Net Income	-$81M	-$35M	-130.3%

Revenue Segments

Clean Energy and Infrastructure Segment

$825M32%

Communications Segment

$807M31%

Power Delivery Segment

$709M27%

Oil And Gas Segment

$257M10%

Geographic Segments

UNITED STATES

$2.6B99%

Non-US

$28M1%