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MasTec, Inc. (NYSE:MTZ ) Q1 2025 Results Conference Call May 2, 2025 9:00 AM ET Company Participants Chris Mecray - Vice President, Investor Relations Marc Lewis - Vice President, Investor Relations Jose Mas - Chief Executive Officer Paul DiMarco - Chief Financial Officer Conference Call Participants Sangita Jain - KeyBanc Capital Markets Jamie Cook - Truist Securities Andy Kaplowitz - Citi Ati Modak - Goldman Sachs Steven Fisher - UBS Justin Hauke - Robert W. Baird Drew Chamberlain - JPMorgan Liam Burke - B Riley Brian Brophy - Stifel Joseph Osha - Guggenheim Partners Kashy Harrison - Piper Sandler Adam Thalhimer - Thompson Davis Operator Thank you for standing by, and welcome to MasTec's First Quarter 2025 Financial Results Conference Call.

MTZ's first-quarter results reflect strong contributions from the segments, with strong bookings in the Pipeline Infrastructure.

The headline numbers for MasTec (MTZ) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MasTec (MTZ) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.13 per share a year ago.

First  Quarter 2025 Highlights Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year 18-month backlog as of March 31, 2025 of $15.9 billion increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline Infrastructure Diluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectively GAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by $13.3 million and $3.7 million, respectively Cash flow from operating activities of $78 million; Free cash flow of $45 million Guidance raised for FY 2025; Adjusted Diluted EPS guidance increased ~9% from prior midpoint of guidance CORAL GABLES, Fla. , May 1, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) today announced first quarter 2025 financial results and updated full year 2025 financia

Federal spending drives growth, but high rates and labor shortages weigh on construction in 2025. DFH, PRIM, PCH, MLM and MTZ from the Zacks Construction sector are set to beat expectations.

EMCOR Group, Inc. EME and MasTec, Inc. MTZ are both leaders in the infrastructure engineering and construction services arena. Each company plays a critical role in building and maintaining essential systems – from electrical and mechanical facilities services (in EMCOR's case) to communications networks, power grids, and energy infrastructure (in MasTec's case).

MasTec (MTZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MasTec (MTZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

CORAL GABLES, Fla. , April 11, 2025 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) will release its first quarter financial results on Thursday, May 1, 2025 after the market close.