Infrastructure contractor MasTec Q3 revenue beats expectations on robust demand

MasTec

30/10/2025 20:29

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.)