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MasTec Reports First Quarter 2025 Results and Raises Financial Guidance for the Year
- MasTec, Inc. announced on May 1, 2025, that its first quarter 2025 revenue grew 6% to $2.8 billion, led by strong non-pipeline segment growth and backlog increases.
- The revenue growth was achieved despite a 44% drop in the Pipeline Infrastructure segment, primarily driven by lower volumes following the conclusion of a significant midstream contract in the prior year.
- Backlog rose 24% year-over-year to $15.9 billion, driven by gains across all four segments, including Pipeline Infrastructure, which more than doubled its backlog since year-end 2024.
- MasTec exceeded expectations in the first quarter with an adjusted diluted EPS of $0.51, surpassing estimates by $0.17, net income under GAAP reaching $12.3 million—$13.3 million higher than predicted—and adjusted EBITDA totaling $163.7 million, which was $3.7 million above projections.
- The company raised full-year 2025 guidance, projecting revenue of $13.65 billion, adjusted EBITDA margin of 8.2–8.5%, and adjusted diluted EPS of $5.90 to $6.25, while attributing a 210 basis point EBITDA margin decline to lower volume and mix effects.
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Total News Sources34
Leaning Left0Leaning Right3Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
C 77%
R 23%
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