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Mar 31, 2025
MasTec Q1 2025 Earnings Report
MasTec reported strong Q1 2025 results with solid revenue growth and a return to profitability.
Key Takeaways
MasTec delivered improved financial performance in Q1 2025, achieving positive net income and exceeding EPS expectations, driven by robust non-pipeline segment growth and record backlog levels.
Revenue rose to $2.85B, driven by growth across all non-pipeline segments.
GAAP Net Income returned to positive at $12.3M compared to a $34.5M loss last year.
Adjusted EPS of $0.51 exceeded expectations by $0.17.
Backlog reached a record $15.9B, up 24% YoY.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MasTec raised full-year 2025 guidance, reflecting higher expected earnings and continued strong demand across key infrastructure segments.
Positive Outlook
- Adjusted EPS guidance raised to $5.90–$6.25.
- Revenue expected to reach $13.65B in FY2025.
- Adjusted EBITDA guided to $1.12B–$1.16B.
- Backlog growth supports long-term visibility.
- New $250M share repurchase program approved.
Challenges Ahead
- Free cash flow declined 52% YoY.
- Power Delivery segment saw reduced productivity at some project sites.
- Pipeline Infrastructure segment revenue dropped 44%.
- Cash balance decreased $54M during the quarter.
- Some segments faced project efficiency challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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