MasTec Sets Record With $24.5 Billion Backlog at Quarter End
Photo: TokenPost
MasTec CEO Jose Mas said its backlog reached a record $24.5 billion at quarter end, while third-quarter revenue rose 30% year over year to $5.152 billion. MasTec expects to convert more than $1 billion in gas-generation projects into backlog over the next few quarters. Adjusted EBITDA increased 30% year over year to $486 million. Adjusted earnings per share rose 19% to $2.96. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
