MasTec reports Q1 EPS 51c, consensus 34c

Reports Q1 revenue $2.85B, consensus $2.71B. “We are pleased to report another strong quarter of financial performance, with key metrics showing strong year-over-year growth and also exceeding guidance,” said Jose Mas, MasTec’s (MTZ) Chief Executive Officer. “While mid-single digit growth in revenue and Adjusted EBITDA were both solid and EPS easily exceeded guidance, we are particularly encouraged by ongoing backlog development to record consolidated levels, including a more than doubling of backlog for the Pipeline Infrastructure segment since year-end.” Mr. Mas added, “As always, I also want to thank all of MasTec’s employees for their diligent efforts and dedication to delivering results for our customers every day.”