MasTec — May 1, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-110270
Showing in the filing
Adjusted Diluted EPS increase
“increased ~9% from prior midpoint of guidance”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 17
Adjusted Diluted EPS increase for FY2025
“increased ~9% from prior midpoint of guidance”
Repurchase program
“$250 million”
Share repurchase authorization
“$250 million”
Revenue for Q2 FY2025
“$3,400”
Revenue for FY2025
“$13,650”
GAAP net income for Q2 FY2025
“$81 - 88”
Adjusted net income for Q2 FY2025
“$113 - 120”
Adjusted EBITDA for Q2 FY2025
“$270 - 280”
Adjusted EBITDA margin for Q2 FY2025
“7.9 - 8.2%”
Adjusted EBITDA margin for FY2025
“8.2 - 8.5%”
GAAP diluted earnings per share for Q2 FY2025
“$0.95 - 1.05”
Adjusted diluted earnings per share for Q2 FY2025
“$1.36 - 1.46”
GAAP net income for FY2025
“$366 - 397”
Adjusted EBITDA for FY2025
“$1,120 - 1,160”
Adjusted net income for FY2025
“$493 - 524”
GAAP diluted earnings per share for FY2025
“$4.28 - 4.63”
Adjusted diluted earnings per share for FY2025
“$5.90 - 6.25”
Exhibit 99.1 · the passage around this item
… earlier in the release
Douglas Road, 12 th Floor
Chris Mecray, Vice President - Investor Relations
Coral Gables, Florida 33134
305-507-7304
Tel: 305-599-1800
chris.mecray@mastec.com
www.mastec.com
MasTec Reports First Quarter 2025 Results and
Raises Financial Guidance for the Year
First Quarter 2025 Highlights
•
Revenue of $2.8 billion increased 6%; strong 21% combined growth contribution from non-pipeline segments; 44% decrease from Pipeline Infrastructure due to large contract close-out last year
•
18-month backlog as of March 31, 2025 of $15.9 billion
increased 24% year-over-year and 11% versus the prior quarter; significant first quarter additions in Pipeline Infrastructure
•
Diluted EPS of $0.13 and Adjusted Diluted EPS of $0.51, above expectations by $0.18 and $0.17, respectively
•
GAAP Net Income of $12.3 million and Adjusted EBITDA of $163.7 million, above expectations by
$13.3 million and $3.7 million, respectively
•
Cash flow from operating activities of $78 million; Free cash flow of $45 million
•
Guidance raised for FY 2025; Adjusted Diluted EPS guidance increased ~9% from prior midpoint of guidance
Coral Gables, FL, May 1, 2025 — MasTec, Inc. (NYSE: MTZ) today announced first quarter 2025 financial
results and updated full year 2025 financial guidance. “We are pleased to report another strong quarter of financial performance, with key metrics
showing strong year-over-year growth and also exceeding guidance,” said Jose Mas, MasTec’s Chief Executive Officer. “While mid-single digit growth in revenue and Adjusted EBITDA were both solid
and EPS easily exceeded guidance, we are particularly encouraged by ongoing backlog development to record consolidated levels, including a more than doubling of backlog for the Pipeline Infrastructure segment since
year-end.” Mr. Mas added, “As always, I also want to thank all of MasTec’s employees for their diligent efforts and dedication to delivering results for our customers every day.”
“In addition to executing on growth during the first quarter, we generated another quarter of solid cash flow and ended the period with net debt leverage
of 1.9x, steady versus the year end level,” said Paul DiMarco, MasTec’s Chief Financial Officer. “We also completed $37 million of share repurchases in the first quarter, with additional purchases in Apr
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.