MTZ

CORAL GABLES, Fla., July 16, 2026--(BUSINESS WIRE)--MasTec, Inc. (NYSE: MTZ) will release its second quarter financial results on Thursday, July 30, 2026, after the market close. In addition, MasTec’s senior management will host a webcast to review these results on Friday, July 31, 2026, at 9:00 a.m. ET. The event will be broadcast live and can be accessed through the MasTec Investor Relations website at https://investors.mastec.com/events-presentations/events. A replay link, along with the earnings release and supporting materials, will also be posted to the website. About MasTec: MasTec, Inc. is a leading North American infrastructure engineering and construction company operating across a range of end markets. MasTec’s primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: power delivery services, including transmission and distribution, wireless, wireline/fiber and customer fulfillment activities; power generation, primarily from clean energy and renewable sources; pipeline infrastructure, including natural gas pipeline and distribution infrastructure; heavy civil; and industrial infrastructure. MasTec’s customers are primarily in these industries. MasTec’s corporate website can be accessed at www.mastec.com. MasTec’s website should be considered as a recognized channel of distribution, and MasTec may periodically post important, or supplemental, information regarding contracts, awards or other related news and webcasts on the Investors tab of the website. View source version on businesswire.com: https://www.businesswire.com/news/home/20260716458285/en/ Contacts Marc Lewis, Investor [email protected]

Argan, Inc. AGX has emerged as one of the strongest performers in the engineering and construction space, riding a wave of accelerating investments in power generation, industrial infrastructure and data centers. Following an outstanding first-quarter fiscal 2027 report, investors are wondering whether the company's remarkable stock momentum still has room to run.The quarter certainly strengthened the investment case. Argan delivered record revenues of $291 million, up 50.2% year over year, while gross profit surged 65.8% to $61.1 million. Gross margin expanded 200 basis points to 21%, reflecting a favorable project mix, exceptional execution and the ahead-of-schedule completion of the Midwest Solar and Battery Project. Earnings per share more than doubled to $3.24, while adjusted EBITDA climbed 79.2% to $56.4 million, with adjusted EBITDA margin improving to 19.4%.Beyond the headline numbers, AGX’s long-term growth outlook remains compelling. The company exited the quarter with a robust $2.77 billion backlog, underpinned by large combined-cycle natural gas projects, industrial fabrication contracts and growing opportunities tied to data center expansion. Rising electricity demand, manufacturing reshoring, AI-driven data center construction and aging grid infrastructure continue to create a favorable environment for engineering, procurement and construction (EPC) contractors with proven execution capabilities.Equally impressive is Argan's financial strength. The company ended the quarter with $973.6 million in cash, cash equivalents and investments, net liquidity of $421.4 million and no debt. This fortress balance sheet provides ample flexibility to invest in strategic initiatives, including the new North Carolina fabrication facility, while continuing to reward shareholders through dividend increases and an expanded $200 million share repurchase authorization.Admittedly, execution risk remains inherent in large EPC contracts, and the business still depends heavily on a relatively concentrated portfolio of power-generation projects. However, AGX’s disciplined project selection, strong customer relationships, rising earnings estimates and specialized expertise in complex power infrastructure significantly mitigate these concerns. With secular demand drivers firmly in place, record financial performance, expanding industrial opportunities and one of the stron...

Orion Group Holdings, Inc. ORN entered 2026 with improving momentum after securing approximately $219 million of new awards and change orders during the first quarter of 2026. The new business lifted the total backlog to $668 million and reinforced management's confidence in achieving its full-year guidance. The key question for investors is whether these contract wins can translate into stronger revenue and profitability through the remainder of 2026.Orion booked roughly $219 million in new awards during the first quarter, spanning both its Marine and Concrete businesses. Marine wins included maintenance dredging, a road bridge project for the U.S. Army in Hawaii and a petroleum terminal expansion project. The Concrete segment secured multiple data center projects, and expanded site work and other commercial construction awards. The company's opportunity pipeline extends well beyond the current backlog. Orion estimates a record $24 billion pipeline supported by several structural demand drivers across both business segments.Another factor that could help convert new awards into stronger results is the acquisition of J.E. McAmis, completed in February 2026. The acquisition expands Orion's geographic presence across the Pacific Northwest, Alaska, Hawaii and Western Canada while adding specialized heavy civil, jetty, breakwater and environmental construction capabilities. It also strengthens Orion's fleet with additional Jones Act-qualified marine assets and broadens its exposure to large federal infrastructure projects. Management expects the acquisition to be accretive to adjusted EBITDA and margins as integration progresses.While Orion's outlook has improved, execution risks remain. The integration of J.E. McAmis adds operational complexity and contributed to higher first-quarter acquisition and integration costs. The company also increased borrowings to finance the acquisition, with total debt rising to approximately $72 million at the end of the first quarter. As with most construction companies, project timing, government funding, fixed-price contract execution and customer award schedules could influence how quickly backlog converts into revenue and profitability.Orion appears better positioned entering the remainder of 2026 than it was a year ago. Approximately $219 million of first-quarter awards, a growing $668 million backlog, expanding exposure to...

Let’s dig into the relative performance of MasTec (NYSE:MTZ) and its peers as we unravel the now-completed Q1 engineering and design services earnings season. Companies providing engineering and design services boast ever-evolving technical expertise. Compared to their counterparts who manufacture and sell physical products, these companies can also pivot faster to more trending areas due to their smaller physical asset bases. Green energy and water conservation, for example, are current themes driving incremental demand in this space. On the other hand, those providing engineering and design services are at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 5 engineering and design services stocks we track reported an exceptional Q1. As a group, revenues beat analysts’ consensus estimates by 14.4% while next quarter’s revenue guidance was 6.6% above. Luckily, engineering and design services stocks have performed well with share prices up 10.5% on average since the latest earnings results. Involved in the 1996 Olympic Games MasTec (NYSE:MTZ) is an infrastructure construction company that specializes in the telecommunications, energy, and utility industries. MasTec reported revenues of $3.83 billion, up 34.5% year on year. This print exceeded analysts’ expectations by 10.3%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and EBITDA estimates. "We are pleased to report that first quarter financial performance posted strong double-digit year-over-year growth in both revenue and profitability, while also exceeding guidance in all respects as MasTec continues to execute on very strong customer demand across all of our end-markets," said Jose Mas, MasTec's Chief Executive Officer. MasTec delivered the weakest guidance update and weakest full-year guidance update of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 3.5% since reporting and currently trades at $380.24. Is now the time to buy MasTec? Access our full analysis of the earnings results here, it’s free. Invol...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Quanta Services’ strong first quarter results and raised 2026 guidance have put fresh attention on contractors tied to power and data center buildouts, pulling MasTec (MTZ) into focus as another infrastructure player. See our latest analysis for MasTec. MasTec’s share price has pulled back recently, with a 1-day share price return of 4.30% down, a 7-day return of 5.24% down, and a 30-day return of 13.25% down. It still shows strong momentum with a 90-day share price return of 20.40%, a year-to-date share price return of 59.06%, and a one year total shareholder return of 131.57%. This suggests investors are reassessing short term risks while keeping an eye on the longer term infrastructure opportunity highlighted by peers like Quanta Services. If data center and grid projects have your attention, it could be worth broadening your search with a screener focused on 33 power grid technology and infrastructure stocks With MasTec trading at US$362.09 and showing only a modest 2.28% intrinsic discount, alongside a roughly 30.64% gap to the average price target, are you looking at an underappreciated infrastructure stock or one where the market is already pricing in future growth? MasTec’s last close at $362.09 sits a little above the most followed fair value estimate of $348.72, putting a spotlight on what assumptions sit underneath that gap. Read the complete narrative. Curious what kind of revenue runway and margin profile are implied here, and how they feed into a premium future earnings multiple and discount rate? The full narrative lays out the growth curve, profitability shift, and valuation bridge that underpin this fair value call. Result: Fair Value of $348.72 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that story depends on large projects arriving and converting on time, and on MasTec avoiding cost overruns that could squeeze already thin margins. Find out about the key risks to this MasTec narrative. While the analyst narrative lands on MasTec trading about 4% above a $348.72 fair value, our DCF model using future cash flows comes out slightly higher at $370.54, which is around 2.3% above the current $362.09 price. This raises the question of whether the market is leaning too much on earnin...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. MasTec (MTZ) is back in focus after strong first quarter results, a record backlog, and higher 2026 guidance tied to power delivery, clean energy, and AI driven grid projects drew fresh institutional interest. See our latest analysis for MasTec. The stock has been highly sensitive to this steady stream of upbeat news, with a 30 day share price return of 15.93%, a 90 day share price return of 59.75%, and a 1 year total shareholder return of 169.38%, which together point to strong positive momentum. If MasTec’s grid and data center exposure has your attention, it can be useful to see what else is benefiting from similar themes, starting with 37 power grid technology and infrastructure stocks With MasTec now trading at $423.79 and sitting about 11% below the average analyst price target, the key question is whether the recent rally still leaves room for upside or if the stock already reflects years of future growth. MasTec’s most followed narrative pegs fair value at $348.72, which sits well below the latest $423.79 close and frames the recent surge as pricing in a lot of good news. Read the complete narrative. Read the complete narrative. Want to see what is behind that margin story? The fair value hinges on faster earnings growth, richer profitability, and a premium earnings multiple that assumes those gains hold. Result: Fair Value of $348.72 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that margin and earnings story still depends on large projects arriving on time and key customers sticking to spending plans, which could easily shift. Find out about the key risks to this MasTec narrative. With such a strong mix of enthusiasm and caution in the story so far, it is worth checking the data yourself and forming a clear stance. To see the balance between what investors are excited about and what they are worried about, start with 2 key rewards and 2 important warning signs. If MasTec has sharpened your focus on quality and timing, do not stop here, the screener can quickly surface new angles you might otherwise miss. Target dependable income streams by scanning for 14 dividend fortresses that may help anchor your portfolio with consistent cash returns. Hunt for qualit...

MasTec, Inc. MTZ reported strong first-quarter 2026 results on April 30, with both earnings and revenues surpassing the Zacks Consensus Estimate. The company also posted solid year-over-year growth across major financial metrics, supported by strong demand trends across communications, clean energy, power delivery and pipeline infrastructure markets. Higher project activity, improving operational execution and record backlog levels reflected continued momentum from infrastructure modernization, energy transition investments and rising data center-related demand. Adjusted earnings per share came in at $1.39, beating the Zacks Consensus Estimate of 98 cents by 41.8% and increasing 174.1% year over year. Revenues of $3.83 billion topped the consensus mark by 10.3% and rose 34.5% from the prior-year quarter, driven by double-digit growth across all four business segments. Adjusted EBITDA increased 73.3% year over year to $283.6 million, while adjusted EBITDA margin expanded 170 basis points to 7.4% from 5.7% a year ago, supported by improved productivity and operational execution. MasTec also raised its full-year 2026 guidance following the strong quarterly performance. However, the company continued to face some near-term pressures. Higher costs related to business expansion, project ramp-ups and investments to support growth affected overall profitability during the quarter. Image Source: Zacks Investment Research Shares of MasTec have gained 55.9% in the past three months, significantly outperforming the Zacks Building Products - Heavy Construction industry’s 16.8% growth. The stock has further outperformed the broader Construction sector and the S&P 500, in the same period. Let us take a closer look at the factors shaping MasTec stock’s prospects. Strong infrastructure and energy market demand continue to support higher project visibility across MasTec’s operations. As of March 31, 2026, the company reported an 18-month backlog of about $20.3 billion, up 28% year over year and approximately 7% sequentially. The increase was driven mainly by strong activity in the Clean Energy and Infrastructure and Power Delivery businesses, with the company recording healthy booking trends during the quarter. Total company book-to-bill reached 1.4x in the first quarter, reflecting continued customer investment across transmission, infrastructure and renewable energy markets...

MasTec, Inc. reported past first-quarter 2026 results with revenue of US$3,828.8 million, net income of US$60.84 million, and basic EPS from continuing operations of US$0.78, all higher than a year earlier. The company’s record revenue, earnings and 18‑month backlog, alongside an uplift to full‑year 2026 revenue and EPS guidance, underline management’s confidence in sustained infrastructure demand across communications, power delivery, clean energy, and pipeline projects. We’ll now examine how MasTec’s raised full‑year guidance and record backlog may influence the existing investment narrative around its growth trajectory. Capitalize on the AI infrastructure supercycle with our selection of the 37 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To be comfortable holding MasTec today, you need to believe that record infrastructure demand in communications, power delivery, clean energy, and pipelines will keep translating into strong backlog conversion and earnings. The latest Q1 2026 beat and raised full year guidance support that view and ease near term worries about utilization of recent headcount and equipment investment. The biggest risk, in my view, is still project and customer concentration, where delays or cancellations could hit margins despite the strong start to 2026. The most relevant update here is MasTec’s decision to lift full year 2026 guidance to US$17.5 billion in revenue and higher EPS, off the back of a record US$20.3 billion 18 month backlog. That ties directly into the core catalyst of accelerating grid, data center, and energy infrastructure spend, while also magnifying existing risks around execution quality and project timing if this enlarged backlog does not convert as cleanly as the first quarter suggests. Yet beneath the strong quarter, investors should be aware that reliance on a handful of large, complex projects means any delay or cost overrun could... Read the full narrative on MasTec (it's free!) MasTec's narrative projects $20.3 billion revenue and $880.9 million earnings by 2029. Uncover how MasTec's forecasts yield a $348.72 fair value, a 16% downside to its current price. Before this Q1 beat, the most optimistic analysts were banking on MasTec lifting revenue to about US$22.7 billion and earnings to roughly US$1.1 billion by 2029, which paints a much rosier picture tha...

MasTec delivered a record Q1 with $3.829 billion in revenue (up 34%), adjusted EBITDA of $284 million (up 73%), adjusted EPS of $1.39 (up 174%), and backlog of $20.3 billion, and it raised full‑year guidance to $17.5 billion revenue, $1.5 billion adjusted EBITDA, and $8.79 adjusted EPS. All major segments outperformed: Communications grew to $802 million, Power Delivery expanded margins with a record $6.2 billion backlog, Pipeline revenue nearly doubled with 21% margins, and Clean Energy & Infrastructure topped $1.3 billion revenue with a record $7.3 billion backlog. Management expects durable demand driven by AI/data‑center connectivity and grid investment (with BEAD construction meaningful in 2027), plans to be more active on M&A, and will host an Investor Day on May 12 to outline medium‑term targets. Interested in MasTec, Inc.? Here are five stocks we like better. 3 Energy Stocks to Buy as AI Power Demand Surges—and 2 to Avoid MasTec (NYSE:MTZ) reported what Chief Executive Officer José Mas called the “strongest first quarter in our history,” as the infrastructure contractor delivered record revenue, profitability, and backlog to start fiscal 2026 and raised full-year guidance. MasTec posted first-quarter revenue of $3.829 billion, up 34% year-over-year. Adjusted EBITDA was $284 million, a 73% increase, and adjusted earnings per share rose to $1.39, up 174% from the prior-year period, according to Mas. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? This infrastructure construction stock: Is it ready to pop? Backlog ended the quarter at a record $20.3 billion, up $1.4 billion sequentially. Mas said total company book-to-bill was 1.4x, while adjusted EBITDA margins improved 170 basis points versus the first quarter of 2025. Chief Financial Officer Paul DiMarco said the company’s first-quarter results reflected record levels of first-quarter revenue, adjusted EBITDA, EPS, and backlog, with meaningful year-over-year growth across the board. He also noted MasTec expects to generate “almost 45% of our full-year EBITDA in the first half of 2026,” implying “markedly lower seasonality” than historically. Communications: Revenue was $802 million, up 18% year-over-year and “7% ahead of expectations,” DiMarco said. EBITDA margins were about 100 basis points below the prior-year quarter due to costs related to exiting certain markets in the com...

Primoris Services Corporation PRIM is scheduled to report its first-quarter 2026 results on May 5, after market close. In the last reported quarter, the company’s adjusted earnings per share (EPS) and revenues topped the Zacks Consensus Estimate by 13.7% and 9.6%, respectively. On a year-over-year basis, the top line increased 6.7%, but the bottom line declined 4.4%. Primoris Services’ earnings topped the consensus mark in each of the past four quarters, with an average surprise of 37.7%. The Zacks Consensus Estimate for the company’s first-quarter EPS has decreased to 87 cents from 88 cents over the past 30 days. The estimated figure indicates an 11.2% year-over-year decline from adjusted EPS of 98 cents. Primoris Services Corporation price-eps-surprise | Primoris Services Corporation Quote The consensus estimate for revenues is pegged at $1.7 billion, indicating a 5.2% increase from $1.65 billion reported in the year-ago quarter. Primoris Services' first-quarter revenues are likely to have increased year over year, supported by steady activity in the Energy segment (contributed 62.4% to fourth-quarter 2025 revenues), particularly in renewables and natural gas-related work. Continued demand for utility-scale solar and battery storage projects, along with growing opportunities in natural gas generation, is expected to have supported performance, though overall contribution might have remained stable. Growth is expected to have been driven by the Utilities segment (contributed 37.6% to fourth-quarter 2025 revenues), aided by ongoing demand in power delivery, communications and gas operations. Strength in grid investment and data center-related activity is likely to have supported the segment despite seasonal weakness. The Zacks Consensus Estimate for the Energy and Utilities segment revenues is pegged at $1.1 billion and $603 million, indicating flat year-over-year performance and a 7% increase, respectively. However, the Utilities segment is expected to have faced some pressure due to seasonality, as the first quarter is typically the weakest period. Lower storm-related work in power delivery compared with the prior-year period is also likely to have weighed on performance. The growth is expected to have been partially offset by continued weakness in pipeline activity, as project timing and execution have remained uneven despite an improving opportunity pipe...

MasTec (MTZ) reported $3.83 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 34.5%. EPS of $1.39 for the same period compares to $0.51 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.47 billion, representing a surprise of +10.27%. The company delivered an EPS surprise of +42.08%, with the consensus EPS estimate being $0.98. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how MasTec performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Backlog: $20.33 billion compared to the $19.03 billion average estimate based on two analysts. Revenue- Pipeline Infrastructure: $682.5 million versus $558.8 million estimated by two analysts on average. Revenue- Communications: $802.1 million versus the two-analyst average estimate of $739.31 million. The reported number represents a year-over-year change of +17.8%. Revenue- Eliminations: $-31.3 million versus $-12.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +501.9% change. Revenue- Clean Energy and Infrastructure: $1.33 billion versus $1.21 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +45.2% change. Revenue- Power Delivery: $1.05 billion versus the two-analyst average estimate of $949.64 million. The reported number represents a year-over-year change of +16.3%. Adjusted EBITDA- Communications: $46.8 million compared to the $49.88 million average estimate based on two analysts. Adjusted EBITDA- Power Delivery: $72 million versus the two-analyst average estimate of $52.73 million. Adjusted EBITDA- Pipeline Infrastructure: $144.9 million versus the two-analyst average estimate of $100.63 million. Adjusted EBITDA- Other: $-2.5 million versus the two-analyst average estimate of $7 million. Adjusted EBITDA- Clean Energy and Infrastruct...

MasTec (MTZ) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +42.08%. A quarter ago, it was expected that this utility contractor would post earnings of $1.94 per share when it actually produced earnings of $2.07, delivering a surprise of +6.7%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. MasTec, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $3.83 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 10.27%. This compares to year-ago revenues of $2.85 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MasTec shares have added about 70.5% since the beginning of the year versus the S&P 500's gain of 4.2%. While MasTec has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MasTec was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) s...