MasTec Announces Third Quarter 2024 Financial Results and Increases Guidance for the Year
1. MasTec achieved $3.3 billion in Q3 2024 revenue, matching last year. 2. GAAP net income surged to $105.4 million, up from $15.3 million. 3. Adjusted EBITDA rose 13% to $305.9 million, indicating margin expansion. 4. 18-month backlog increased to $13.9 billion, showing strong future visibility. 5. Company raised full-year revenue guidance to approximately $12.225 billion.