Mastec (MTZ)
NYSE:MTZ
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.21Last Year’s EPS
1.49Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operating momentum: record first-quarter revenue, EBITDA, EPS and backlog; multiple segments (Power Delivery, Clean Energy & Infrastructure, Pipeline) delivered double-digit revenue growth and material margin expansion; management raised full‑year guidance and highlighted lower seasonality and improved capital efficiency. Near-term headwinds are limited and largely manageable: one-time Communications exit costs affecting margins, elevated DSOs/working capital, and financing/timing uncertainty in renewables and pipeline conversion from verbal awards to signed backlog. Overall the positives substantially outweigh the contained risks.Company Guidance
Record Quarter — Revenue, EBITDA, EPS
Revenue of $3.83B, up 34% year over year; adjusted EBITDA of $284M, up 73% YoY; adjusted EPS of $1.39, up 174% YoY — management characterized this as the strongest first quarter in company history.
Backlog Reached New Record
Total backlog at quarter end of $20.3B, a sequential increase of $1.4B and up ~28% year over year; company-wide book-to-bill of 1.4x.
Raised 2026 Full-Year Guidance
Management increased full‑year 2026 guidance to revenue of $17.5B (≈22% YoY growth), adjusted EBITDA of $1.5B (8.6% margin), and adjusted EPS of $8.79 (≈35% YoY increase), and maintained expectation of >$1B cash flow from operations.
Power Delivery Strength
Power Delivery revenue up 16% YoY and EBITDA up 40% YoY; segment book-to-bill of 1.6x and backlog rose to a record ~$6.2B; Q1 exceeded guidance by ~10% on revenue and 21% on EBITDA and delivered ~120 bps of EBITDA margin expansion YoY.
Clean Energy & Infrastructure Momentum
Segment revenue up 45% YoY and EBITDA up 56% YoY; segment backlog reached ~$7.3B (book-to-bill ~1.6x inclusive of 1.3x organic). Renewables revenue up >60% YoY with ~70 bps of margin improvement; 11 consecutive quarters of renewables backlog growth noted.
Pipeline Segment Outperformance
Pipeline revenue surged ~92% YoY, Q1 revenue $682M, EBITDA margins ~21% and EBITDA more than tripled; margins exceeded guidance by ~165 bps and sequential margins improved ~270 bps.
Communications Growth and Opportunity
Communications revenue grew ~18% YoY and was ~7% ahead of expectations; management highlighted improving wireline demand, BEAD funding potential and expanding data-center interconnectivity as durable long-term drivers.
Improving Capital Efficiency and Balance Sheet
Liquidity of approximately $1.8B, net leverage ~1.8x (within policy), Q1 operating cash flow $99M, and ROIC increased nearly 100 bps from year-end to over 10%; company raised net cash CapEx guidance modestly to ~$220M to support growth.
Lower Seasonality Evidence
Management now expects to generate almost 45% of full-year EBITDA in the first half of 2026, indicating markedly lower historical seasonality and improved execution/project timing.
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
MTZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $394.05 | $417.41 | +5.93% |
Feb 26, 2026 | $289.96 | $298.02 | +2.78% |
Oct 30, 2025 | $213.95 | $204.16 | -4.58% |
Jul 31, 2025 | $189.21 | $174.05 | -8.01% |
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 (MTZ) report earnings?
Mastec (MTZ) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Mastec (MTZ) earnings time?
Mastec (MTZ) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 2.21.