Overview
North American infrastructure firm's Q4 revenue rose 16%, beating analyst expectations
Adjusted EPS for Q4 increased 44% yr/yr
Company's backlog grew 13% sequentially, reaching $19 bln
Outlook
MasTec projects 2026 revenue growth of 19% to $17 bln
Company expects 2026 adjusted EBITDA to grow 26% to $1.45 bln
MasTec sees robust growth opportunities in the coming infrastructure cycle
Result Drivers
PIPELINE INFRASTRUCTURE - Revenue in this segment surged nearly 50% year-over-year, significantly contributing to overall growth
COMMUNICATIONS GROWTH - Communications segment revenue increased 23% year-over-year, contributing to overall revenue growth
BACKLOG INCREASE - Backlog grew 13% sequentially, driven by strong demand across energy, communications, power, and infrastructure markets
Company press release: ID:nBw4V5yypa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $3.94 bln | $3.71 bln (20 Analysts) |
Q4 EPS | $1.81 | ||
Q4 Net Income | $153 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "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 $262.00, about 8.2% below its February 25 closing price of $285.26
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 26 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)