Q4 2025 MasTec Inc Earnings Call Transcript

Feb 27, 2026 / 02:00 PM GMT

Release Date Price: €238

Transcript 10-K8-K

Key Points

Positve

MasTec Inc (MTZ) reported a 16% year-over-year increase in revenue for Q4 2025, reaching nearly $4 billion.
The company achieved a 25% year-over-year increase in adjusted EBITDA for Q4 2025, totaling $338 million.
MasTec Inc (MTZ) experienced significant backlog growth, with a 33% annual increase, amounting to over $4.5 billion.
The communications segment saw a 23% year-over-year revenue increase in Q4 2025, with a full-year growth rate of 32%.
The clean energy and infrastructure segment reported a 15% revenue growth for the full year, with EBITDA margins improving by 110 basis points.

Negative

The margin rate for the communications segment was below expectations due to ongoing startup costs on certain programs.
Power delivery segment EBITDA margins were slightly below the prior year, impacted by mixed headwinds and permitting-related delays.
Despite strong revenue growth, the clean energy and infrastructure segment's Q4 EBITDA margin was lower than the prior year.
The pipeline infrastructure segment, while showing revenue growth, faces challenges in achieving optimal margins due to ongoing investments.
MasTec Inc (MTZ) experienced a slower start to the year in 2025, affecting overall margin performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MTZ.N - MasTec Inc
Q4 2025 MasTec Inc Earnings Call
Feb 27, 2026 / 02:00PM GMT

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Presentation
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Operator [1]
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Good day and thank you for standing by. Welcome to the Q4 2025 Mastech Inc. Earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone.

You will then hear an automated message advising that your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Chris McCraye, Vice President of investor relations. Please go ahead.

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Unidentified

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