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
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(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.)