MTZ
MasTec, Inc.218.19
-2.18-0.99%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A enhances 2027 pipeline, data center views
Q&A reinforced MasTec's strong 2026 guidance but surfaced brighter multi-year visibility, with pipeline on track for historical revenue peaks by 2027 and data centers poised for self-perform ramp-up. Management detailed Greenlink's earlier-than-expected permit clearance, boosting Power Delivery confidence toward double-digit margins via execution and project restarts. On Communications, little 2026 BEADs exposure masks 2027 upside, while middle-mile data center work accelerates. Margins trail organic growth investments but mature programs promise leverage. Backlog covers 2026 better than ever. Bullish tone persists; investors eye 2027 acceleration.
Key Stats
Market Cap
17.22BP/E (TTM)
52.07Basic EPS (TTM)
4.19Dividend Yield
0%Recent Filings
10-K
FY2025 results
MasTec posted FY2025 revenue of $14.3B, up 16% y/y, with backlog surging 33% to $19B including $18.9B 18-month view (74% expected in 2026). Q4 drove momentum across segments, accelerating Communications revenue 32% y/y while Clean Energy margins expanded 110bps to 7.4% on renewable close-outs and efficiencies; Pipeline EBITDA dipped on midstream slowdowns but infrastructure offset. Net income hit $399M or $5.07/share, up 145% y/y, with Adjusted EBITDA $1.15B (8.0% margin). Debt refinanced to $2.3B at lower blended rates; $1.7B revolver availability. Backlog signals multi-year tailwinds, but permitting delays risk Q1 momentum.
8-K
Q3 revenue hits record $4B
MasTec smashed Q3 2025 estimates with $4.0B revenue, up 22% year-over-year from all segments, record $373.5M Adjusted EBITDA, and $16.8B backlog up 21%. All segments grew double-digits; Pipeline backlog exploded 124%. Raised FY2025 guidance to $14.1B revenue, $6.40 Adjusted Diluted EPS. Permit delays hit Greenlink, yet growth endures.
10-Q
Q3 FY2025 results
MasTec crushed Q3 with revenue jumping 22% y/y to $3.97B, fueled by 33% growth in Communications and double-digit gains across other segments, while net income attributable to MasTec soared 69% to $161M ($2.04 diluted EPS). Gross margins held steady near 13.6% despite Pipeline Infrastructure hiccups from reduced efficiencies, but operating leverage kicked in as depreciation eased. Cash dipped to $231M amid $173M YTD operating cash flow (down y/y from working capital swings) and $180M capex, yet revolver availability exceeds $1.7B with total debt at $2.36B under refreshed facilities. Backlog bulged to $16.8B. Customer concentration lingers.
8-K
401(k) blackout starts Sept 22
MasTec disclosed a 401(k) plan blackout period starting September 22, 2025, at 4:00 pm ET, ending the week of October 19, due to switching recordkeepers from Bank of America/Merrill Lynch to Schwab effective October 1. Participants can't trade, including MasTec stock, or make changes. Directors and Section 16 officers are barred from trading MasTec stock acquired via service. Routine admin shift.
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