Stock Monitor: Limbach Holdings Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 11, 2018 / Active-Investors.com has just released a free earnings report on MasTec, Inc. (NYSE: MTZ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=MTZ. MasTec reported its fourth quarter fiscal 2017 operating and financial results on February 28, 2018. The utility contractor outperformed top- and bottom-line estimates. Additionally, the Company provided guidance for the upcoming quarter and full year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for Limbach Holdings, Inc. (NASDAQ: LMB), which also belongs to the Industrial Goods sector as the Company MasTec. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/'symbol=LMB
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MasTec most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=MTZ
Earnings Highlights and Summary
MasTec's revenue was $1.60 billion in Q4 017, reflecting a 19% increase compared to revenue of $1.34 billion for Q4 2016. The Company's reported numbers topped analysts' estimates of $1.32 billion.
For Q4 2017, MasTec's GAAP net income was $160.7 million, or $1.95 per diluted share, compared to $55.9 million, or $0.66 per diluted share, in Q4 2016. The Company's reported quarter results included an after-tax benefit of $120.1 million, or $1.46 per diluted share, related to the impact of re-measurement of the Company's US deferred income tax balances due to the Tax Cuts and Jobs Act (Tax Act) enacted in December 2017.
MasTec's adjusted net income was $38.8 million, or $0.47 per diluted share, in Q4 2017 compared to $60.0 million, or $0.70 per diluted share, in Q4 2016. The Company's reported number's beat Wall Street's estimates of $0.37 per share.
MasTec's Q4 2017 adjusted EBITDA was $128.9 million compared to $154.1 million in Q4 2016.
For the year ended December 31, 2017, MasTec's revenue was $6.6 billion, representing a 29% increase compared to revenue of $5.1 billion for FY16.
For FY17, MasTec's GAAP net income, inclusive of the after-tax benefit related to the Tax Act, was $348.9 million, or $4.22 per diluted share, compared to $134.0 million, or $1.61 per diluted share, in FY16. The Company's adjusted net income was $241.9 million, or $2.92 per share, for FY17 compared to $157.7 million or $1.90 per share in FY16.
Cash Matters
MasTec ended FY17 with net debt of $1.3 billion, and the Company's year-end book leverage ratio was 2.06x. As of year-end 2017, MasTec had liquidity of approximately $600 million.
Backlog
MasTec achieved record 18-month backlog as of December 31, 2017, of $7.1 billion, reflecting a 31% increase compared to $5.4 billion for the prior year's end. The Company's 18-month backlog as of December 31, 2017, included record levels of Oil & Gas, Communications, and Power Generation & Industrial segment backlog.
Outlook
MasTec is forecasting full year 2018 revenue to be approximately $6.75 billion, a record level. The Company's FY18 GAAP net income and diluted earnings per share are expected to be approximately $277 million and $3.34, respectively, compared to 2017 GAAP net income and diluted earnings per share of $348 million and $4.22, respectively.
For FY18, MasTec's adjusted EBITDA is expected to be approximately $685 million, or 10.2% of revenue, and adjusted earnings per share is estimated to be $3.45, representing an 18% increase over FY17.
For the first quarter of 2018, MasTec is projecting revenue of approximately $1.23 billion. The Company's upcoming quarter GAAP net income is expected to be approximately $14 million, with GAAP diluted earnings per share projected to be $0.17. MasTec's adjusted EBITDA is estimates to be approximately $90 million, or 7.3% of revenue, with adjusted diluted earnings per share, expected to be $0.20 in Q1 2018.
Stock Performance Snapshot
April 10, 2018 - At Tuesday's closing bell, MasTec's stock marginally rose 0.66%, ending the trading session at $46.10.
Volume traded for the day: 893.24 thousand shares.
Stock performance in the previous six-month period - up 0.33%; and past twelve-month period - up 14.53%
After yesterday's close, MasTec's market cap was at $3.87 billion.
Price to Earnings (P/E) ratio was at 16.71.
The stock is part of the Industrial Goods sector, categorized under the Heavy Construction industry. This sector was up 1.8% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
