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MasTec — Third Quarter 2026 Earnings Summary

MasTec reported a record third-quarter 2026 revenue of $5.2 billion, representing a 30% year-over-year increase, alongside a quarterly record Adjusted EBITDA of $486.4 million. The company updated its full-year 2026 financial guidance, projecting diluted EPS between $5.69 and $6.01 and Adjusted Diluted EPS between $8.92 and $9.30. Power Delivery segment revenue surged 65% year-over-year, driven by the recent acquisition of The Superior Group, while the company's 18-month backlog reached a record $24.5 billion. Despite permitting delays impacting Pipeline Infrastructure margins, MasTec expects revenue and earnings from delayed projects to shift into 2027.

Company
MASTEC INC
Sector
Industrials
Industry
Engineering & Construction