MasTec's Q3 Earnings: Strong Growth & Future Prospects
Update: 2025-11-06
Description
MasTecs Q3 earnings surpassed expectations, with revenues of $3.97 billion and adjusted EPS of $2.48, a 7.7% increase. Full-year revenue and EPS guidance were raised, but EBITDA fell short. Analysts questioned margin trajectory and backlog conversion rates. Future focus areas include resolving permitting challenges, transitioning new segments to profitability, and monitoring backlog growth.
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