MasTec's GAAP loss for 3 months of 2022 was $34.959 million, compared to a profit of $66.112 million in the previous year. Revenues increased 10.1% to $1.954 billion from $1.775 billion a year earlier.

MasTec's GAAP net income for 2021 was $330.729 million, up 2.5% from $322.699 million in the previous year. Revenue increased 25.8% to $7.952 billion from $6.321 billion a year earlier.

MasTec completed its acquisition of electric grid company Henkels & McCoy for $600 million. Henkels' fiscal year 2021 revenue was about $1.5 billion. MasTec paid $420 million in cash for the company and transferred 2 million shares of common stock.

MasTec is acquiring electric grid company Henkels & McCoy for $600 million. Henkels generated about $1.5 billion in revenue in fiscal year 2021. MasTec will pay $420 million in cash for the company and transfer 2 million of its common stock. The deal is scheduled to close by the end of 2021.