MasTec Inc ( (MTZ) ) has released its Q1 earnings. Here is a breakdown of the information MasTec Inc presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
MasTec, Inc. is a leading infrastructure construction company based in North America, specializing in engineering, building, installation, maintenance, and upgrade of communications, energy, utility, and other infrastructure. The company operates across five segments: Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other.
In its latest earnings report for the first quarter of 2025, MasTec, Inc. reported a revenue increase to $2.85 billion from $2.69 billion in the same period last year. The company also turned a profit, posting a net income of $12.3 million compared to a net loss of $34.5 million in the previous year.
Key financial highlights include a reduction in interest expenses from $52.1 million to $39 million and a significant improvement in income before taxes, which rose to $8.9 million from a loss of $45.5 million. The company also reported a basic and diluted earnings per share of $0.13, a notable improvement from a loss per share of $0.53 in the prior year.
Looking ahead, MasTec, Inc. remains focused on expanding its market presence and service offerings through strategic acquisitions and organic growth. The company’s management is optimistic about its ability to meet the increasing demand for infrastructure services across its diverse segments.