HighGravityDataMasTec — Feb 27, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-040255
Showing in the filing
Adjusted diluted earnings per share
“$5.35 to $5.84”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 23
Revenue for FY2025
“$13.45 billion”
Diluted earnings per share for FY2025
“$3.75 to $4.24”
Adjusted diluted earnings per share for FY2025
“$5.35 to $5.84”
GAAP net income for FY2025
“$327 to $366 million”
Adjusted EBITDA for FY2025
“$1.10 to $1.15 billion”
Adjusted EBITDA margin (% of revenue) for FY2025
“8.2 – 8.5%”
Revenue for Q1 FY2025
“approximately $2.7 billion”
GAAP net loss for Q1 FY2025
“$1 million”
GAAP diluted loss per share for Q1 FY2025
“$0.05”
Adjusted EBITDA for Q1 FY2025
“$160 million”
Adjusted EBITDA margin (% of revenue) for Q1 FY2025
“5.9% of revenue”
Net income (loss), % of revenue for FY2025
“2.4 – 2.7%”
EBITDA for FY2025
“$1,066 – 1,115”
EBITDA, % of revenue for FY2025
“7.9 – 8.3%”
Adjusted EBITDA for FY2025
“$1,100 –1,150”
Adjusted net income for FY2025
“$454 – 493”
Adjusted net income attributable to MasTec, … for FY2025
“$424 – 463”
Net loss, % of revenue for Q1 FY2025
“(0.0)%”
EBITDA for Q1 FY2025
“$152”
EBITDA, % of revenue for Q1 FY2025
“5.6%”
Adjusted net income (loss) for Q1 FY2025
“$30”
Adjusted net income (loss) attributable to M… for Q1 FY2025
“$27”
Adjusted diluted earnings per share for Q1 FY2025
“$0.34”
Exhibit 99.1 · the passage around this item
… earlier in the release
Marc Lewis, Vice President-Investor Relations
Coral Gables, Florida 33134
305-406-1815
Tel: 305-599-1800
marc.lewis@mastec.com
www.mastec.com
For Immediate Release
MasTec Announces Fourth Quarter and Annual 2024 Financial
Results With Record Backlog and Provides Initial 2025 Guidance
•
Record Fourth Quarter and Annual Revenue of $3.4 Billion and $12.3 Billion,
Respectively
•
Record Full Year 2024 Cash Flow from Operations Increased 63% to $1.1 Billion
•
Record 18-Month Backlog of $14.3 Billion
•
Fourth Quarter Reduction in Net Debt of $318 Million, with Net Debt Leverage Ratio Reduced to 1.8x
•
2024 Results Include GAAP Net Income of $199.4 Million, Adjusted Net Income of $348.3
Million, Adjusted EBITDA of $1.0 Billion, Diluted Earnings Per Share of $2.06 and Adjusted Diluted Earnings Per Share of $3.95
•
Issuing Initial Annual 2025 Guidance Including Revenue of $13.45 Billion, a 9% Increase Over 2024, GAAP Net
Income of $327 Million to $366 Million, Adjusted EBITDA of $1.10 Billion to $1.15 Billion, with Diluted Earnings Per Share of $3.75 to $4.24, and Adjusted Diluted Earnings Per Share of $5.35 to $5.84
Coral Gables, FL (February 27, 2025) — MasTec, Inc. (NYSE: MTZ) today announced 2024 fourth quarter and full year
financial results and issued its initial 2025 guidance expectation. For the Fourth Quarter:
Fourth quarter 2024 revenue was $3.4 billion, compared to $3.3 billion for the fourth quarter of 2023. GAAP net income was $84.7 million, or
2.5% of revenue, and diluted earnings per share were $0.95, compared to $1.2 million, or $0.01 per diluted share, in the fourth quarter of 2023.
Fourth quarter 2024 adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, were
$124.0 million and $1.44, respectively, as compared to $48.0 million and $0.61, respectively, in the fourth quarter of 2023. Fourth quarter
2024 adjusted EBITDA, also a non-GAAP measure, was $270.9 million, compared to $226.5 million in the fourth quarter of 2023. Fourth quarter 2024 adjusted EBITDA margin rate was 8.0% of revenue, a 110
basis point improvement over the fourth quarter of 2023. 18-month backlog as of December 31, 2024, was a
record $14.3 billion, a $1.9 billion increase over 2023 and a $440 million increase sequentially from the third quarter of 2024. Fourth
quarter 20
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.