Market Overview

MasTec Reports Q4 EPS of $0.44 vs. $0.37; Revenue $731M vs. $649.85M

MasTec, Inc. (NYSE: MTZ) today announced record fourth quarter and 2010 full year revenue, EBITDA, net income and cash flow from operating activities.

Revenue for the quarter ended December 31, 2010 was $731 million compared to revenue of $496 million in the fourth quarter of 2009, a 47% increase. Fourth quarter EBITDA, or earnings before interest, taxes, depreciation and amortization, was $88 million compared to $50 million a year ago, a 75% increase.

Fourth quarter net income was $38.4 million compared to $18.2 million for the prior year quarter, a 111% increase. Fully diluted earnings per share for the quarter doubled to $0.44 compared to $0.22 for the prior year quarter. Cash flow from operating activities for the fourth quarter of 2010 was $117 million compared to $39 million in the fourth quarter of 2009.

Posted-In: Earnings News

 

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