MasTec Reports Strong Q2 Results and Raises Full-Year Guidance
MasTec, Inc. (NYSE: MTZ) reported strong second-quarter results for fiscal year 2026 on August 1, with revenue rising 23% to $4.374 billion compared to the same period last year. Adjusted EBITDA increased by 40% to $384 million and adjusted EPS climbed 49% to $2.22. The company's record backlog reached $21.4 billion, supported by a book-to-bill ratio above 1.2x. Following the acquisition of The Superior Group in July, MasTec raised its full-year revenue forecast to $18.2 billion and adjusted EBITDA guidance to $1.6 billion with an expected adjusted EPS of $9.30. This acquisition expands MasTec's electrical infrastructure capabilities for data centers and mission-critical facilities. Despite strong performance in power delivery, pipeline infrastructure, and clean energy sectors, the company reduced communications guidance due to a slowdown in wireless activity and deferred wireline projects.
Tickers: $MTZ
Topics: acquisition_impact backlog ebitda_increase eps_growth revenue_growth