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Stock impact report

MasTec shares drop as quarter overshadowed by weak cash flow, cautious outlook [Seeking Alpha]

MasTec, Inc. (MTZ) 
Last mastec, inc. earnings: 4/30 05:06 pm Check Earnings Report
US:NYSE Investor Relations: mastec.com/en/investors
Company Research Source: Seeking Alpha
reported third-quarter results that topped Wall Street forecasts but revealed a sharp drop in cash flow. Operating cash flow fell to $89 million from $278 million Quick Insights MasTec's operating and free cash flow dropped significantly from a year earlier, despite higher revenue and profits. Permit delays and project-mix headwinds may negatively impact the fourth-quarter results, especially for the Power Delivery segment. All segments had revenue and ebitda growth except Pipeline Infrastructure, which saw an ebitda margin drop despite high backlog and revenue growth. Recommended For You More Trending News Show less Read more
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