MasTec Inc
NYSE:MTZ

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MasTec Inc
NYSE:MTZ
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Price: 219.52 USD 0.18% Market Closed
Market Cap: 17.3B USD

MasTec Inc
Investor Relations

MasTec Inc., headquartered in Coral Gables, Florida, is a formidable player in the realm of infrastructure engineering and construction services. Established in 1929, the company has mastered the art of diversification and specialization across a broad spectrum of sectors. By harnessing its robust expertise, MasTec caters to industries ranging from telecommunications to energy and utility, oil and gas, and even clean renewable energy. It capitalizes on the growing demand for advanced infrastructure by designing, building, installing, and maintaining systems that power the daily flow of modern conveniences. MasTec’s acumen in integrating state-of-the-art technology helps it stay ahead of market demands, ensuring that vital communication networks, pipelines, and utility systems operate efficiently and effectively.

Revenue streams for MasTec are as varied as its service offerings. The telecommunications division, a significant contributor, is fueled by the ever-increasing reliance on digital connectivity and wireless technologies. Notably, MasTec has adeptly positioned itself within the 5G rollout, capturing substantial contracts from major carriers. Simultaneously, its energy sector, benefiting from both traditional and renewable sources, secures substantial projects in oil extraction, pipelines, and sustainable wind and solar energy systems. Furthermore, their work with government contracts and public utilities adds a foundation of stability and predictability to their financial performance. By leveraging expertise and maintaining a strategic focus on sectors with enduring growth potential, MasTec continues to fortify its standing as a leader capable of navigating the complexities of evolving infrastructure demands.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

Record Revenue: MasTec posted nearly $4 billion in Q3 revenue, up 22% year-over-year, exceeding guidance.

Profit Growth: Adjusted EBITDA rose 20% to $374 million, while adjusted EPS reached $2.48, beating consensus by $0.20.

Backlog Strength: Backlog hit a record $16.8 billion, up 21% year-over-year and $325 million sequentially, with every segment contributing.

Guidance Raised: 2025 full-year revenue guidance was increased to $14.75 billion, with adjusted EPS forecasted at $6.40 (up 62% from 2024).

Segment Momentum: Communications, Clean Energy & Infrastructure, Power Delivery, and Pipeline all reported double-digit revenue and margin gains.

Strong Market Demand: Management highlighted continued infrastructure investment needs and expects robust multi-year growth across all segments.

Margin Expansion: Consolidated EBITDA margin rose to 9.4% in Q3, up 160 bps sequentially, with additional improvement expected.

Key Financials
Revenue
$4B
Adjusted EBITDA
$374M
Adjusted EPS
$2.48
Backlog
$16.8B
Communications Segment Revenue
$915M
Communications Segment EBITDA Margin
11.3%
Power Delivery Segment EBITDA Margin
9.4%
Clean Energy & Infrastructure Revenue
$1.4B
Clean Energy & Infrastructure EBITDA Margin
8.5%
Pipeline Infrastructure Revenue
$598M
Pipeline Infrastructure EBITDA
$92M
Pipeline Infrastructure EBITDA Margin
15.4%
Pipeline Backlog
$1.6B
Clean Energy & Infrastructure Backlog
$5B
Communications Segment Backlog
$5.1B
Cash Flow from Operations
$89M
Free Cash Flow
$36M
Liquidity
$2B
Net Leverage
1.95x
Consolidated EBITDA Margin
9.4%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jose Ramon Mas
CEO & Director
No Bio Available
Mr. Paul Dimarco
Executive VP & CFO
No Bio Available
Mr. Robert E. Apple
Chief Operating Officer
No Bio Available
Mr. Alberto I. de Cardenas Esq.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. T. Michael Love
Chief Accounting Officer
No Bio Available
Mr. J. Marc Lewis
Vice President of Investor Relations
No Bio Available
Mr. Gary L. Smith
Senior Vice President of Communications Group
No Bio Available
Mr. Pablo A. Alvarez
Group President of MasTec Brazil
No Bio Available

Contacts

Address
FLORIDA
Coral Gables
800 S Douglas Rd Fl 12
Contacts
+13055991800.0
www.mastec.com