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

MasTec, Inc.

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.