Infrastructure contractor MasTec Q3 revenue beats expectations on robust demand

Reuters

2025/10/31

Infrastructure contractor MasTec Q3 revenue beats expectations on robust demand

Overview

MasTec Q3 2025 revenue grows 22% yr/yr, beating analyst expectations, per LSEG data
Adjusted diluted EPS for Q3 2025 exceeds co's guidance expectations
Company's 18-month backlog grows 21% yr/yr, led by Pipeline Infrastructure

Outlook

MasTec forecasts FY 2025 revenue at $14.075 bln
Company expects FY 2025 adjusted EBITDA of $1.135 bln
MasTec projects FY 2025 adjusted diluted EPS of $6.40

Result Drivers

REVENUE GROWTH - 22% increase in revenue driven by double-digit growth in all segments, highlighting strong demand across energy, power, and infrastructure markets
BACKLOG INCREASE - 18-month backlog grew 21% yr/yr, led by 124% growth in Pipeline Infrastructure
EFFICIENCY IMPROVEMENTS - Adjusted EBITDA growth driven by improved efficiencies in Clean Energy and Infrastructure and Communications segments

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$3.96 bln	$3.90 bln (19 Analysts)
Q3 EPS		$2.04
Q3 Net Income		$166 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for MasTec Inc is $239.00, about 7.4% above its October 29 closing price of $221.36

Press Release: ID:nBw9fxdLpa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Infrastructure contractor MasTec Q3 revenue beats expectations on robust demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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engineering peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/MTZ\">MasTec Inc</a> is $239.00, about 7.4% above its October 29 closing price of $221.36</p></li></ul><p>Press Release: <span>ID:nBw9fxdLpa</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2463526074.USD","symbol_name":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251030:nL1N3WB1MN:1","article_id":"2579177976","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579177976","pubTimestamp":1761856197,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Infrastructure contractor MasTec Q3 revenue beats expectations on robust demandOverviewMasTec Q3 2025 revenue grows 22% yr/yr, beating analyst expectations, per LSEG dataAdjusted diluted EPS for Q3 20","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","BK4588":"碎股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BN":"Brookfield","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","BK4135":"资产管理与托管银行","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","MTZ":"MasTec Inc","BK4129":"建筑与工程","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC"},"translate_title":"基础设施承包商MasTec第三季度收入因需求强劲而超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN":0.9,"MTZ":0.9},"content_text":"Infrastructure contractor MasTec Q3 revenue beats expectations on robust demand OverviewMasTec Q3 2025 revenue grows 22% yr/yr, beating analyst expectations, per LSEG dataAdjusted diluted EPS for Q3 2025 exceeds co's guidance expectationsCompany's 18-month backlog grows 21% yr/yr, led by Pipeline InfrastructureOutlookMasTec forecasts FY 2025 revenue at $14.075 blnCompany expects FY 2025 adjusted EBITDA of $1.135 blnMasTec projects FY 2025 adjusted diluted EPS of $6.40Result DriversREVENUE GROWTH - 22% increase in revenue driven by double-digit growth in all segments, highlighting strong demand across energy, power, and infrastructure marketsBACKLOG INCREASE - 18-month backlog grew 21% yr/yr, led by 124% growth in Pipeline InfrastructureEFFICIENCY IMPROVEMENTS - Adjusted EBITDA growth driven by improved efficiencies in Clean Energy and Infrastructure and Communications segmentsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$3.96 bln$3.90 bln (19 Analysts)Q3 EPS$2.04Q3 Net Income$166 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 19 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the construction & engineering peer group is \"buy\"Wall Street's median 12-month price target for MasTec Inc is $239.00, about 7.4% above its October 29 closing price of $221.36Press Release: ID:nBw9fxdLpaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}