MasTec Reports Q3 Revenue Beat and Raises Full Year EPS Guidance
MasTec (MTZ) reported third-quarter financial results featuring a significant revenue beat, with total revenue reaching $5.2 billion, representing a 30% increase year-over-year. This performance exceeded analyst expectations by approximately $260 million. Non-GAAP earnings per share (EPS) for the quarter came in at $2.96, aligning with market consensus. Following these results, the company updated its full-year guidance, projecting a diluted EPS range of $5.69 to $6.01. At the midpoint of this new range, MasTec expects a 15% year-over-year increase in earnings, signaling strong operational momentum and positive growth outlook for the remainder of the fiscal year.
Tickers: $MTZ