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MasTec Inc
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.
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.
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.