MasTec, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company's revenue was $918,648,000 against $738,257,000 a year ago. Income from continuing operations before provision for income tax was $31,668,000 against $19,499,000 a year ago. Net income attributable to company was $18,370,000 against $14,172,000 a year ago. Diluted EPS from continuing operations was $0.23 against $0.14 a year ago. Diluted EPS was $0.22 against $0.17 a year ago. Net cash provided by operating activities was $31,816,000 against $43,445,000 a year ago. EBITDA and margin-continuing operations was $73.5 million against $49.2 million a year ago. Adjusted EBITDA and margin-continuing operations was $79.1 million against $49.2 million a year ago. Adjusted income from continuing operations was $22.8 million against $11.7 million a year ago. Adjusted diluted earnings per share from continuing operations were $0.27 against $0.14 a year ago. Adjusted diluted earnings per share were $0.26 against $0.17 a year ago. For full year, the company currently expects revenue to be at the upper end of its prior range, at $4.0 billion. Additionally, the company is increasing its estimate for continuing operations adjusted EBITDA to $425 million and refining its continuing operations adjusted diluted earnings per share estimate to $1.80, inclusive of $0.04 to $0.05 per share of additional interest costs related to the recent upsized senior note offering. The continuing operations adjusted EBITDA margin is currently estimated at 10.6%. The Company's adjustments to full year guidance include $6-7 million in higher interest costs reflecting the increased dollar amount of senior notes outstanding due to the new bond issuance and approximately $5-7 million in higher depreciation expense due to higher capital expenditures and capital leases related to increased investment in support of anticipated large contracts in oil and gas and electrical transmission for 2013 and beyond. The Company's current guidance excludes the impact of any potential future acquisitions. Interest expense, net-continuing operations expects at $44 million. Depreciation and amortization-continuing operations expects at $133 million. EBITDA from continuing operations expects at $419 million. Adjusted income from continuing operations expects at $151 million. Diluted earnings per share-continuing operations expects at $1.76. Adjusted diluted earnings per share from continuing operations expects at $1.80. For the second quarter of 2013, the company expects revenue of approximately $950 million. Second quarter 2013 continuing operations EBITDA is estimated to be $103 million with continuing operations diluted earnings per share of approximately $0.42. Second quarter continuing operations EBITDA margin is currently estimated to be 10.8%. Interest expense, net-continuing operations expects at $11 million. Depreciation and amortization-continuing operations expects at $33 million.

MasTec, Inc., Q1 2013 Earnings Call, May 03, 2013

MasTec, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 02, 2013