MasTec Q4 Revenue Climbs 15.8% to $3.94 B; Backlog Hits $18.96 B
MasTec reported Q4 revenue of $3.94 billion, a 15.8% year-over-year gain and 6.05% above estimates, with EPS of $2.07 beating by 6.7%. Backlog rose to $18.96 billion versus $16.86 billion expected, Power Delivery revenue climbed 47% to $1.12 billion, while Pipeline Infrastructure fell short at $643.8 million.
1. Strong Overall Q4 Results
MasTec posted Q4 revenue of $3.94 billion, up 15.8% year-over-year and 6.05% above consensus. Adjusted EPS reached $2.07, a 43.8% increase from $1.44 a year ago and 6.7% ahead of projections.
2. Backlog Expansion
Order backlog jumped to $18.96 billion at quarter end, surpassing the two-analyst average estimate of $16.86 billion. The expanded backlog supports visibility in upcoming quarters across core infrastructure segments.
3. Segment Performance Highlights
Power Delivery revenue surged 47% to $1.12 billion versus $1.01 billion expected, while Clean Energy and Infrastructure rose 2.4% to $1.29 billion. Pipeline Infrastructure lagged at $643.8 million against $705.9 million estimates. Adjusted EBITDA beat in Power Delivery and Pipeline but missed slightly in Communications and Clean Energy.