MasTec, Inc. (MTZ) Earnings Call Transcripts
MasTec, Inc.'s Latest Earnings Call - Q1 FY2026
MasTec, Inc. reported a strong first quarter for 2026, with revenue of $3.829 billion, reflecting a 34% year-over-year increase, and adjusted earnings per share of $1.39, a remarkable 174% rise. The company raised its full-year guidance to $17.5 billion in revenue and $1.5 billion in adjusted EBITDA, signaling robust growth potential driven by infrastructure investments. The backlog reached a record $20.3 billion, up $1.4 billion sequentially, indicating strong demand across all segments, particularly in Clean Energy and Infrastructure, which saw a 45% revenue increase year-over-year.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $3.829B (beat) |
| Adjusted EBITDA | $284M (beat) |
| Adjusted EPS | $1.39 (beat) |
| Backlog | $20.3B (positive) |
| Power Delivery Revenue | $1.2B (positive) |
| Clean Energy Revenue | $1.3B (positive) |
Guidance from management
MasTec raised its full-year guidance to $17.5 billion in revenue and $1.5 billion in adjusted EBITDA, reflecting strong momentum and growth potential across all segments.
What management said
Yes, I'd say a couple of things. I think Paul laid out in his script, we took some onetime charges there that impacted margins by about 100 basis points, if not it kind of would have been flat with last year. When we look at the balance of the year, I mean, we're guided to $17.5 billion number. It was an ice round figure. I don't think you should take anything into the back end -- back half communications guidance. W...
We're really excited about the growth in backlog in our power delivery this quarter, right? Book-to-bill, over a $600 million backlog increase broad-based, no major projects kind of pushed that way. From a major project perspective, we're seeing more activity than we ever have. I think we're in a great position. I think the fact that we're working Greenlink and our success on Greenlink has really positioned us differ...
What analysts pressed on
Analysts expressed concerns about the sustainability of margin improvements, especially in the communications segment, where margins were impacted by costs related to exiting certain markets. There are also questions regarding the ability to scale labor resources effectively to meet increasing demand.
Main topics on the call
- Record Backlog Growth — MasTec's backlog reached a record $20.3 billion, a sequential increase of $1.4 billion, representing a book-to-bill ratio of 1.4x. CEO Jose Mas stated, "We delivered an exceptional start to 2026... the strength of our di...
- Strong Revenue and EBITDA Performance — The company reported revenue of $3.829 billion and adjusted EBITDA of $284 million, marking increases of 34% and 73% year-over-year, respectively. Management noted, "We delivered a great quarter... setting new highs acro...
- Increased Full-Year Guidance — MasTec raised its full-year guidance to $17.5 billion in revenue and $1.5 billion in adjusted EBITDA, reflecting a 22% and 30% year-over-year growth, respectively. CFO Paul Dimarco remarked, "We are pleased with the mome...
- Telecom and Data Center Demand — The telecom segment is benefiting from increased demand for data center interconnectivity, with CEO Mas highlighting that "aggregate U.S. data consumption is estimated to almost double by 2030." This trend is expected to...
Read the full MasTec, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About MasTec, Inc.
MasTec, Inc. (MTZ) is a publicly listed company in the Construction and Engineering industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 71 calls on record spanning February 19, 2020 to July 31, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 71 MasTec, Inc. earnings call transcripts on record, spanning February 19, 2020 to July 31, 2026. Based on this history, MasTec, Inc. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MTZ
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Construction and Engineering
- Calls on record
- 71
- First call
- February 19, 2020
- Most recent
- July 31, 2026
- Reporting cadence
- quarterly