MASTEC INC (MTZ) Form 10-Q — Oct 29, 2026
MasTec's Q3 2026 revenue jumped 30% YoY to $5.15 billion and nine-month revenue reached $13.35 billion, but the growth was largely acquired: the $1.2 billion Superior acquisition added $602.4 million of Q3 revenue. Q3 diluted EPS fell to $1.89 from $2.04 as interest expense climbed to $61.8 million and amortization nearly doubled. The balance sheet transformed this year: total debt rose to roughly $4.2 billion from $2.3 billion at year-end after MasTec issued $650 million of 5.850% senior notes, drew a new $700 million term loan, and expanded its revolver to $2.25 billion to fund Superior and McKee.
Key figures
- Eps
- Q3 diluted $1.89 (vs $2.04); nine-month diluted $4.32 (vs $3.26)
- Revenue
- 5152336000
- Net Income
- Q3 net income $167.7M; attributable to MasTec $150.6M (vs $160.7M)
- Revenue Yoy
- 29.9% (Q3); 28.9% (nine months: $13.35B vs $10.36B)
- Total Assets
- 14137089000
- Cash Position
- 481816000
- Shares Outstanding
- 80300833
- Mckee acquisition
- $237 million cash for 86% of McKee Utility Contractors
- Senior notes issued
- $650M of 5.850% senior notes due 2036
- Segment ebitda q3 2026
- $532.6M (vs $421.8M)
- Restructuring charges q3
- $7.1M in Communications segment
- Communications q3 revenue
- $806.9M (vs $914.6M)
- Superior acquisition cash
- $1.2 billion cash plus 1,219,498 shares plus three-year earn-out with no maximum
- Operating cash flow nine months
- $387.8M (vs $173.0M)
- Remaining performance obligations
- $19.1 billion
- Cash paid for acquisitions nine months
- $1.634 billion
AI analysis
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