MasTec — Oct 31, 2024 release

Full year 2024 GAAP net income is expected to approximate $187 million, representing 1.5% of revenue, with GAAP diluted earnings per share expected to be $1.98. Full year 2024 adjusted EBITDA is expected to be $990 million, representing 8.1% of revenue, with adjusted diluted earnings per share expected to be $3.75. For the fourth quarter of 2024, the Company expects revenue of approximately $3.325 billion. Fourth quarter 2024 GAAP net income is expected to approximate $72 million, representing 2.2% of revenue, with GAAP diluted earnings per share expected to be $0.86. Fourth quarter 2024 adjusted EBITDA is expected to approximate $259 million, representing 7.8% of revenue, with adjusted diluted earnings per share expected to be $1.29. Adjusted net income, adjusted net income attributable to MasTec, Inc., adjusted diluted earnings per share, adjusted EBITDA, adjusted EBITDA margin and net debt, which are all non-GAAP measures, exclude certain items which are detailed and reconciled to the most comparable GAAP-reported measures in the attached Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures. Management will hold a conference call to discuss these results on Friday, November 1, 2024 at 9:00 a.m. Eastern Time. The call-in number for the conference call is (856) 344-9221 or (888) 204-4368 with a pass code of 9237122. Additionally, the call will be broadcast live over the Internet and can be accessed and replayed for 60 days through the Investors section of the Company’s web