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Mastec (MTZ)
NYSE:MTZ
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
-0.13Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.66%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue and earnings growth across most segments, significant debt reduction, and record backlog levels. However, the decline in pipeline revenue and some margin challenges due to weather were noted as concerns. Overall, the sentiment is positive given the strong financial performance and future growth expectations.Company Guidance
During MasTec's Fourth Quarter 2024 Earnings Conference Call, the company reported strong financial performance and provided optimistic guidance for 2025. For Q4 2024, MasTec achieved revenue of $3.4 billion, adjusted EBITDA of $271 million (a 20% year-over-year increase), and adjusted EPS of $1.44, more than doubling from the previous year. Full-year 2024 results included revenue of $12.3 billion, adjusted EBITDA of $1.6 billion, and adjusted EPS of $3.95. The company also reduced net debt by over $700 million. Looking ahead to 2025, MasTec anticipates approximately 9% growth in both revenue and EBITDA, with non-pipeline revenues expected to increase by 14% and non-pipeline EBITDA by over 25%. The significant growth is supported by a robust backlog and strong customer demand across segments such as Communications, Power Delivery, and Clean Energy. The Communications segment, in particular, is projected to grow 11% year-over-year, while the Clean Energy segment is expected to see a 16% revenue increase.Strong Revenue and Earnings Growth
Fourth quarter revenue was $3.4 billion, and adjusted EBITDA was $271 million, a 20% year-over-year increase. Fourth quarter adjusted EPS was $1.44, more than double last year’s fourth quarter. For the full year 2024, revenue was $12.3 billion, adjusted EBITDA was $1.6 billion, and full-year adjusted EPS was $3.95.
Reduction in Net Debt and Record Cash Flow
Full year cash flow from operations was $1.1 billion, and net debt was reduced by over $700 million for the year. DSO ended at 60 days, down from 68 days in the third quarter and 74 days the prior year.
Communications and Power Delivery Segment Growth
In the Communications segment, fourth quarter revenues were up 28% over last year’s fourth quarter, with EBITDA up 67%. The Power Delivery segment saw fourth quarter revenues up 16% year-over-year, with backlog up about $900 million year-over-year.
Record Backlog Levels
18-month backlog at year-end totaled $14.3 billion, an increase of over $400 million sequentially and almost $2 billion year-over-year. This represents a record level for MasTec.
Positive Outlook for 2025
For full year 2025, the company expects about 9% revenue and EBITDA growth. Non-pipeline revenues are expected to increase by 14%, and non-pipeline EBITDA to grow over 25%.
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MTZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $126.83 | $130.59 | +2.96% |
| Oct 31, 2024 | $122.89 | $130.00 | +5.79% |
| Aug 01, 2024 | $106.12 | $102.18 | -3.71% |
| May 02, 2024 | $91.00 | $101.80 | +11.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mastec (MTZ) report earnings?
Mastec (MTZ) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Mastec (MTZ) earnings time?
Mastec (MTZ) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTZ EPS forecast?
MTZ EPS forecast for the fiscal quarter 2025 (Q1) is 0.39.
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