MASTEC INC (MTZ) Form 8-K — Oct 29, 2026
MasTec reported record third quarter 2026 results: revenue of $5.2 billion up 30% year-over-year, Adjusted EBITDA of $486.4 million, and adjusted diluted EPS of $2.96, up 19.3%. GAAP diluted EPS fell 7.7% to $1.89 on higher interest expense and amortization from acquisitions. Backlog hit a record $24.5 billion, up 46% year-over-year and $3.2 billion sequentially, led by 74% backlog growth in Power Delivery, which was boosted by the July acquisition of The Superior Group. Pipeline Infrastructure backlog grew ~26% sequentially despite permitting-related delays that pressured segment margins.
Key figures
- Eps
- 1.89
- Guidance
- FY2026 revenue ~$18.3B; GAAP diluted EPS $5.69-$6.01; Adjusted diluted EPS $8.92-$9.30 (39% YoY increase at midpoint); Adjusted EBITDA $1,565-$1,600M
- Net Income
- 167.7
- Revenue Yoy
- 29.9%
- Cash Position
- 481.8
- Shares Outstanding
- 79820
- Senior notes
- $650 million of 5.850% notes due September 30, 2036
- Revolver size
- $2.25 billion
- Adjusted eps q3
- 2.96
- Backlog yoy growth
- 46.3%
- Backlog 18month busd
- 24.5
- Free cash flow 9m musd
- 158.5
- Adjusted ebitda q3 musd
- 486.4
- Pipeline backlog seq growth
- ~26%
- Power delivery revenue growth
- 65.2%
- Communications revenue decline
- -11.8%
- Fy2026 operating cash flow expectation
- over $1 billion
AI analysis
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