MasTec reported results for the quarter ended 2026 with revenue of $4.37B, a 23.4% increase from $3.54B a year earlier, and diluted earnings per share of $1.65 versus $1.09 in the prior-year quarter; net income rose to $130.12M from $85.77M, reflecting improved margins and project execution.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$4.37B$3.54B23.4% | Net income²$130.12M$85.77M51.7% | Diluted EPS³$1.65$1.0951.4% |
¹ Reported as “Revenue”. ² Reported as “Net income attributable to MasTec, Inc.”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven by organic project expansion across segments, with consolidated revenue rising about 23% quarter-over-quarter and roughly 28% year-to-date.
- Clean Energy & Infrastructure and Pipeline Infrastructure segments expanded strongly; Communications saw wireline growth but experienced margin pressure.
- Completed the acquisition of Superior, adding roughly 3,000 employees and bolstering Power Delivery and data-center capabilities.
- Operational efficiencies improved project cost ratios and lifted EBITDA margins, notably in Pipeline and Power Delivery.
- 18-month backlog grew to $21.4B, with approximately 40% tied to master service agreements and management expecting about 40% of backlog to be realized in 2026.
Original SEC Filing:
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