Overview

* MasTec ( MTZ ) Q2 revenue grows 20% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 exceeds guidance expectations

* Co raises FY 2025 guidance, indicating confidence in demand and execution

Outlook

* MasTec ( MTZ ) raises FY 2025 revenue guidance to $13.9 bln - $14.0 bln

* Company expects FY 2025 adjusted EPS between $6.23 and $6.44

* MasTec sees Q3 2025 revenue at $3.9 bln

* Company projects FY 2025 adjusted EBITDA of $1.13 bln - $1.16 bln

Result Drivers

* NON-PIPELINE GROWTH - 25% growth contribution from non-pipeline segments, offsetting pipeline decline

* BACKLOG INCREASE - Backlog driven by new awards in Clean Energy and Infrastructure

* PROJECT PRODUCTIVITY - Increased productivity in Clean Energy and Infrastructure and Communications segments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $3.54 $3.40

Revenue bln bln (15

Analysts

)

Q2 EPS $1.09

Q2 Net $90 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for MasTec Inc ( MTZ ) is $195.00, about 2.6% above its July 30 closing price of $189.87

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)