MTZ Q3 2023 Earnings — MasTec, Inc. Revenue & Financial Results | Market Cap Arena

MTZMasTec, Inc.

$24B

Q3 2023 Earnings

Industrials Engineering & Construction

Income Statement

Revenue

$3.3B+29.6% YoY

Gross Profit

$403M12.4% margin

Operating Income

$240M7.4% margin

Net Income

$14M0.4% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+13.3%

Cash Flow

Operating Cash Flow

$294M

Free Cash Flow

$256M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$9.5B

Total Liabilities

$6.8B

Stockholders' Equity

$2.7B

Cash & Equivalents

$214M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.5B	+29.6%
Gross Profit	$403M	$228M	+76.8%
Operating Income	$240M	$112M	+114.8%
Net Income	$14M	$49M	-70.8%

Revenue Segments

Clean Energy and Infrastructure Segment

$1.1B34%

Communications Segment

$824M25%

Oil And Gas Segment

$672M21%

Power Delivery Segment

$665M20%

Geographic Segments

UNITED STATES

$3.2B99%

Non-US

$19M1%