MasTec's earnings call reflects strong growth and performance across multiple segments, particularly in Communications and Clean Energy, with a record backlog and increased guidance for 2025. However, challenges remain in the Pipeline segment with revenue declines and margin impacts due to investments. Overall, the positive highlights outweigh the lowlights, indicating a strong market position and optimistic future outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, MasTec exceeded its guidance expectations for revenue, met its EBITDA expectation, and surpassed its EPS guidance. The non-pipeline business segments reported a 42% year-over-year increase in EBITDA, rising from $181 million to $257 million. Revenue for these segments increased by 26%, with Power Delivery and Clean Energy and Infrastructure each up 20%, and Communications up 40% year-over-year. Margins for non-pipeline segments improved by 100 basis points year-over-year and 230 basis points sequentially. The company's total backlog saw a 23% year-over-year growth, with a 4% sequential increase, leading to a book-to-bill ratio of 1.2x. For the full year 2025, MasTec increased its revenue guidance to a range of $13.9 billion to $14 billion and adjusted its EBITDA guidance to $1.130 billion to $1.160 billion. The EPS guidance midpoint was increased to $6.34 per share, reflecting a 60% year-over-year increase. The company highlighted strong market demand, adding nearly 4,000 new team members, representing a more than 10% increase in its workforce to scale up for future demand.

Exceeding Revenue and EPS Guidance

MasTec exceeded its revenue guidance and beat EPS guidance for Q2 2025. Revenue for the non-pipeline business was up 26%, with significant growth across the Power Delivery, Clean Energy, and Communications segments.

Strong Growth in Communications Segment

The Communications segment saw a 42% year-over-year revenue increase and a 55% growth in adjusted EBITDA. Backlog increased to a record $5 billion, driven by robust demand for telecom infrastructure.

Power Delivery and Clean Energy Growth

Power Delivery revenues increased 20% year-over-year, and Clean Energy revenue grew 20% with adjusted EBITDA nearly doubling. Both segments are expected to continue strong performance in the second half of 2025.

Record Company Backlog

Total company backlog increased by 23% year-over-year, with a book-to-bill ratio of 1.2x. This growth was driven by strong demand across all segments.

Increased Revenue and EPS Guidance for 2025

Revenue guidance for 2025 was increased to a range of $13.9 billion to $14 billion, with EPS guidance midpoint raised to $6.34, a 60% increase year-over-year.

Significant Workforce Expansion

MasTec added nearly 4,000 new team members in Q2 2025, a 10% increase in the workforce, aligning with anticipated demand for 2026 and beyond.

MasTec (MTZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	2.31 / -	1.63	―	―	―
Jul 31, 2025	2025 (Q2)	1.40 / 1.49	0.96	55.21% (+0.53)
May 01, 2025	2025 (Q1)	0.34 / 0.51	-0.13	492.31% (+0.64)
Feb 27, 2025	2024 (Q4)	1.25 / 1.44	0.66	118.18% (+0.78)
Oct 31, 2024	2024 (Q3)	1.23 / 1.63	0.95	71.58% (+0.68)
Aug 01, 2024	2024 (Q2)	0.87 / 0.96	0.89	7.87% (+0.07)
May 02, 2024	2024 (Q1)	-0.41 / -0.13	-0.54	75.93% (+0.41)
Feb 29, 2024	2023 (Q4)	0.45 / 0.66	1.03	-35.92% (-0.37)
Oct 31, 2023	2023 (Q3)	1.84 / 0.95	1.34	-29.10% (-0.39)
Aug 03, 2023	2023 (Q2)	0.85 / 0.89	0.73	21.92% (+0.16)

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

MTZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$189.21	$174.05	-8.01%
May 01, 2025	$134.01	$140.87	+5.12%
Feb 27, 2025	$126.83	$130.59	+2.96%
Oct 31, 2024	$122.89	$130.00	+5.79%

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.

FAQ

When does MasTec Inc (MTZ) report earnings?

MasTec Inc (MTZ) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is MasTec Inc (MTZ) earnings time?

MasTec Inc (MTZ) earnings time is at Oct 30, 2025, After Close (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 (Q3) is 2.31.

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