MasTec 2Q revenue $3.54B, estimated $3.4B

MasTec 2Q revenue $3.54B, estimated $3.4B

Infrastructure construction company MasTec (MTZ) reported better-than-expected revenue for the second quarter (Q2) of 2025, with sales up 19.7% year-on-year to $3.54 billion. This figure exceeded analyst estimates of $3.4 billion by 4.2% [1].

The company also provided an optimistic outlook for the next quarter, with revenue guidance of $3.9 billion at the midpoint, a 5.5% increase over analysts' expectations. Non-GAAP profit per share was $1.49, up 6.4% from analyst estimates [1].

MasTec's full-year revenue guidance was also increased to $13.95 billion at the midpoint, up from $13.65 billion, representing a 2.2% increase. The full-year Adjusted EPS guidance was raised to $6.34 at the midpoint, a 4.3% increase [1].

The company's backlog, a measure of outstanding orders, reached $16.5 billion at quarter end, up 23.7% year-on-year, indicating strong demand for its services [1].

MasTec's shares traded down 3.8% to $182 immediately following the results, despite the positive earnings report. The market seemed to be hoping for more, particularly in terms of EBITDA guidance, which missed analyst estimates [1].

The company's operating margin remained stable at 3.4%, in line with the same quarter last year, indicating a stable cost structure. However, the company's EPS growth has been relatively weak, with a 2.1% compounded annual growth rate over the last five years, despite revenue growth of 14.2% [1].

Looking ahead, sell-side analysts expect revenue to grow 9.5% over the next 12 months, similar to its two-year rate. This projection is particularly noteworthy for a company of its scale and suggests the market is baking in success for its products and services [1].

References:
[1] https://www.tradingview.com/news/stockstory:68de01768094b:0-mastec-nyse-mtz-exceeds-q2-expectations-full-year-sales-guidance-is-optimistic/
[2] https://www.nasdaq.com/articles/mastec-mtz-surpasses-q2-earnings-and-revenue-estimates