HighGravityData
Companies / MasTec / Filing

MasTec — Oct 31, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-24-248758
Open on SEC.gov ↗
Showing in the filing
Adjusted net income
“$106”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 18
Revenue for FY2024
“approximately $12.225 billion”
GAAP net income for FY2024
“expected to approximate $187 million, representing 1.5% of revenue”
GAAP net income for FY2024
“$187 million”
GAAP diluted earnings per share for FY2024
“expected to be $1.98”
Adjusted EBITDA for FY2024
“expected to be $990 million, representing 8.1% of revenue”
Adjusted EBITDA for FY2024
“$990 million”
Adjusted diluted earnings per share for FY2024
“expected to be $3.75”
Revenue for Q4 FY2024
“approximately $3.325 billion”
GAAP net income for Q4 FY2024
“expected to approximate $72 million, representing 2.2% of revenue”
GAAP net income for Q4 FY2024
“$72 million”
GAAP diluted earnings per share for Q4 FY2024
“expected to be $0.86”
Adjusted EBITDA for Q4 FY2024
“expected to approximate $259 million, representing 7.8% of revenue”
Adjusted EBITDA for Q4 FY2024
“$259 million”
Adjusted diluted earnings per share for Q4 FY2024
“expected to be $1.29”
Adjusted net income for FY2024
“$327”
Adjusted net income attributable to MasTec, … for FY2024
“$296”
Adjusted net income for Q4 FY2024
“$106”
Adjusted net income attributable to MasTec, … for Q4 FY2024
“$102”
Exhibit 99.1 · the passage around this item
… earlier in the release
    For the Three Months Ended December 31, 2023   Adjusted Net Income Reconciliation      Net income    $ 72     $ 1.2   Adjustments:      Non-cash stock-based compensation expense      8       9.0   Amortization of intangible assets      35       43.0   Acquisition and integration costs      —        11.0                    Total adjustments, pre-tax    $ 43     $ 63.0   Income tax effect of adjustments (a)      (10 )      (16.8 )  Statutory tax rate effects (b)      —        4.6                    Adjusted net income    $ 106     $ 52.0   Net income attributable to non-controlling interests      4       0.4                    Adjusted net income attributable to MasTec, Inc.    $ 102     $ 51.6                           Guidance for the Three Months Ended December 31, 2024 Est.     For the Three Months Ended December 31, 2023   Adjusted Diluted Earnings per Share Reconciliation      Diluted earnings per share    $ 0.86     $ 0.01   Adjustments:      Non-cash stock-based compensation expense      0.10       0.11   Amortization of intangible assets      0.44       0.55   Acquisition and integration costs      —        0.14                    Total adjustments, pre-tax    $ 0.54     $ 0.80   Income tax effect of adjustments (a)      (0.12 )      (0.21 )  Statutory tax rate effects (b)      —        0.06                    Adjusted diluted earnings
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.