
• Reported GAAP EPS of $0.78 up 500.00% YoY • Reported revenue of $3.83B up 34.45% YoY • Mastec increased its full year 2026 guidance, now expecting revenue of $17,500 million, GAAP diluted EPS of $6.77, and Adjusted Diluted EPS of $8.79, representing 22% revenue growth and 30% Adjusted EBITDA growth.
Bullish
Mastec achieved record first quarter revenue of $3.8 billion, with strong growth across all segments and an 18-month backlog of $20.3 billion. Profitability significantly exceeded expectations, supported by a strong balance sheet for capital allocation.
Bearish
Mastec experienced a decline in free cash flow and EBITDA margin compression in its Communications segment due to exit costs. Additionally, the company faces risks from intense competition and challenges in accurately estimating fixed-price contract costs.