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Sep 30, 2025
MasTec Q3 2025 Earnings Report
MasTec delivered record revenue and earnings in Q3 2025 across all segments, surpassing guidance expectations.
Key Takeaways
MasTec posted strong Q3 2025 results with revenue reaching $3.97 billion and net income at $166.5 million, driven by robust demand across all operating segments.
Revenue hit a quarterly record of $3.97 billion, up 22% year-over-year.
GAAP Net Income rose to $166.5 million, a 58% increase from Q3 2024.
Adjusted EPS grew to $2.48, beating expectations.
All four segments reported double-digit revenue growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
MasTec expects continued double-digit growth into Q4 2025, despite Greenlink project permitting delays within Power Delivery.
Positive Outlook
- FY revenue guidance raised to $14.075 billion, a 14% increase YoY
- Adjusted EPS guidance raised to $6.40 for FY 2025
- Q4 revenue expected to grow 9% YoY
- Adjusted EBITDA projected to grow 13% YoY
- Solid customer demand across all segments
Challenges Ahead
- Greenlink project in Power Delivery faces permitting delays
- Reduced emergency restoration services impacted Q3 Power Delivery
- Decline in EBITDA margin within Pipeline Infrastructure segment
- Significant drop in free cash flow versus Q3 2024
- Lower install-to-home activity in Communications
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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