MasTec (MTZ) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 9:48 AM CST 54 min read

Image source: The Motley Fool.

Friday, Feb. 27, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Jose Mas

• Chief Financial Officer — Paul DiMarco

• Vice President of Investor Relations — Chris Mecray

Need a punctuation from a Motley Fool analyst? Email [email protected]

Chris Mecray: Good morning, and convey you for joining america for MasTec, Inc.’s 4th fourth afloat twelvemonth 2025 fiscal results league call. Joining maine contiguous are Jose Mas, Chief Executive Officer, and Paul DiMarco, Chief Financial Officer. We person prepared slides to supplement our remarks, which are posted connected MasTec, Inc.’s website nether the Investors tab and done the webcast link. There is besides a companion papers with accusation and analytics connected the 4th and a usher summary to assistance successful fiscal modeling. Please work the forward-looking disclaimer contained successful the slides accompanying this call. During this call, we volition marque forward-looking statements regarding our plans and expectations astir the aboriginal arsenic of the day of this call.

Because these statements are based connected existent assumptions and factors that impact risks and uncertainties, existent show and results whitethorn disagree materially from our forward-looking statements. Our Form 10-Ks see a elaborate treatment of risks and uncertainties that whitethorn origin specified differences. In today’s remarks, we volition beryllium discussing adjusted fiscal metrics reconciled successful yesterday’s property merchandise and supporting schedules. We whitethorn besides usage definite non-GAAP fiscal measures successful this league call. A reconciliation of immoderate non-GAAP fiscal measures not reconciled successful these comments to the astir comparable GAAP fiscal measures tin beryllium recovered successful our net property release, slides, oregon companion documents. I volition present crook the telephone implicit to Jose Mas.

Good morning, and invited to MasTec, Inc.’s 4th fourth net call. First, immoderate quarterly and afloat twelvemonth highlights.

Jose Mas: Revenue for the 4th was conscionable shy of $4 billion, a 16% year-over-year increase, bringing the afloat twelvemonth to $14.3 billion, besides a 16% summation for 2025 and a caller grounds high. Adjusted EBITDA was $338 cardinal successful the 4th quarter, a 25% year-over-year increase, which was an acceleration from the 20% maturation successful the 3rd quarter. We exceeded guidance with beardown operating execution crossed segments. Full twelvemonth EBITDA of $1.15 cardinal was an summation of 14% from the anterior year. Adjusted net per stock was $2.07, a 44% summation versus $1.44 successful the anterior twelvemonth quarter. In summary, we exceeded guidance again successful revenue, EBITDA, and EPS, highlighting different beardown execution 4th and twelvemonth for MasTec, Inc.