MasTec, Inc.·Industrials

The United States infrastructure contracting companies are benefiting from surging investment in power grids, renewable energy, telecom and AI data center buildouts. Market players like Quanta Services, Inc. PWR and MasTec, Inc. MTZ, that compete in utility and energy infrastructure markets, are banking on these long-term tailwinds.

MasTec, Inc. MTZ entered 2026 with exceptional momentum, delivering its strongest first quarter on record and reinforcing its position as a key beneficiary of America's infrastructure investment cycle. The company reported first-quarter 2026 adjusted EPS of $1.39, surging 174% year over year, while revenues climbed 34% to a record $3.83 billion.

MasTec delivered strong Q1 FY26 results, with revenue up 35.4% to $3.83B and adjusted EPS of $1.39, beating consensus. Sustained demand momentum across segments and a record backlog support continued double-digit topline growth in FY26. Continued focus on margin optimization along with a healthy topline growth outlook to drive earnings growth over the coming quarters.

MasTec, Inc. (MTZ) Analyst/Investor Day Transcript

MTZ boosts its 2026 adjusted EBITDA target to $1.5B after a standout Q1, with AI-linked data center and grid work lifting demand and margins.

MasTec, Inc. MTZ reported strong first-quarter 2026 results on April 30, with both earnings and revenues surpassing the Zacks Consensus Estimate. The company also posted solid year-over-year growth across major financial metrics, supported by strong demand trends across communications, clean energy, power delivery and pipeline infrastructure markets.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.
Industrials
Engineering & Construction
32,000
1973-02-21
1.82