MTZ Q2 2023 Earnings — MasTec, Inc. Revenue & Financial Results | Market Cap Arena

MTZMasTec, Inc.

$24B

Q2 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$2.9B+24.9% YoY

Gross Profit

$247M8.6% margin

Operating Income

$91M3.2% margin

Net Income

$16M0.5% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$67M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$6.6B

Stockholders' Equity

$2.7B

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$2.3B	+24.9%
Gross Profit	$247M	$274M	-9.9%
Operating Income	$91M	$152M	-40.4%
Net Income	$16M	$16M	-4.1%

Revenue Segments

Clean Energy and Infrastructure Segment

$970M34%

Communications Segment

$869M30%

Power Delivery Segment

$703M24%

Oil And Gas Segment

$342M12%

Geographic Segments

UNITED STATES

$2.9B99%

Non-US

$22M1%