Impacts to core oil and gas markets generated fourth quarter 2020 revenue of $1.64 billion for MasTec, down from analysts' expectation of $1.81 billion. But the Coral Gables, Fla. specialty contractor still reported net income of $113.1 million for the period.
For the year, the firm reported profit of $322.8 million, or $4.38 per share. Full year revenue fell to $6.32 billion, the firm reported Feb. 25.