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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.25B | 9.8% |
| Gross Profit | 161M | 69.6% |
| Cost of Revenue | 3.09B | 7.9% |
| Operating expense | 187M | 1.4% |
| Net Income | 95M | 180.2% |
| EBITDA | 357M | 11.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.76B | 1% |
| Total Liabilities | 5.93B | 0.2% |
| Total Equity | 2.81B | 3.5% |
| Shares Outstanding | 78M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 278M | 5% |
| Cash from investing | -56M | 392.4% |
| Cash from financing | -337M | 65.2% |
EPS
Financial Highlights for MasTec in Q3 '24
MasTec reported a revenue of 3.25B, which is a 9.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 161M, marking a 69.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.09B, a 7.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 187M, showing a -1.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 95M, showing a 180.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 357M, showing a 11.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for MasTec with growth in revenue, gross profit, and net income.
