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MasTec, Inc. (NYSE:MTZ) shares are trading higher on Friday after the company provided a solid fourth-quarter outlook and raised its FY24 adjusted EPS guidance. On Thursday, the company reported revenue of $3.25 billion, missing the consensus of $3.42 billion. The company’s 18-month backlog as of September 30, stood at $13.9 billion, up $1.4 billion from the third quarter of 2023. Adjusted EBITDA rose to $305.9 million from $271.1 million in the quarter, with margins expanding to 9.4% from 8.3% a year ago. Adjusted EPS of $1.63 topped the consensus of $1.23. Operating cash flow for the nine mo…

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