CORAL GABLES, Fla. – Contractor MasTec, Inc. announced Wednesday that for the year ended December 31, 2005, income from continuing operations was US$18.6 million, on revenue of $848 million.
This compares with a loss from continuing operations of $17.7 million on revenue of $807.2 million for 2004. However, including discontinued operations, the total net loss for 2005 was $14.6 million, compared with a loss of $49.4 million in the prior year (all funds in US dollars).
For the quarter ended December 31, 2005, income from continuing operations was $8.1 million on revenue of $223.4 million. This compares with a loss from continuing operations of $4.4 million on revenue of $220.3 million in Q4 ’04.
"Demand for services in each of our markets is strong," said Austin J. Shanfelter, president and CEO, in a release. "With the best customer mix in years and completion of our recent equity offering, MasTec can continue its focus on improving margins and expanding profitable opportunities."
For 2006, MasTec’s previous guidance forecast remains unchanged. The Company expects revenue to be in the range of $950 to $975 million, a double- digit growth rate.
