Recent Updates — MTZ
MasTec reported third-quarter revenue of $5.2 billion, a quarterly record that increased 30% year-over-year, alongside Adjusted EBITDA of $486 million. Diluted earnings per share reached $1.89, while GAAP net income was $167.7 million. The company raised its full-year diluted EPS guidance to a range of $5.69 to $6.01, reflecting a 15% increase at the midpoint compared to prior estimates. Backlog grew to a record $24.5 billion, driven by strong performance in Power Delivery and Pipeline Infrastructure segments. MasTec operates as a leading North American infrastructure engineering and construction company focused on communications, energy, and utility services.
MasTec, Inc. completed its previously announced public offering of $650.0 million aggregate principal amount of 5.850% senior unsecured notes due in 2036 on August 17, 2026. The notes bear interest at an annual rate of 5.850%, payable semi-annually on March 30 and September 30, beginning March 30, 2027, with maturity on September 30, 2036. MasTec, Inc. operates in the engineering and construction industry.
MasTec, Inc. entered into an underwriting agreement on August 6, 2026, to issue and sell $650 million aggregate principal amount of 5.850% Senior Notes due September 30, 2036. The notes were priced at 99.656% and pay interest semi-annually. MasTec intends to use the net proceeds to repay some or all of its $600 million term loan maturing in June 2028 and for general corporate purposes. The offering is expected to close on August 17, 2026. MasTec operates as a leading North American infrastructure engineering and construction company focused on communications, energy, utility, and other infrastructure projects.
MasTec reported second quarter 2026 results with record revenue of $4.4 billion, a 23% year-over-year increase, and diluted EPS of $1.65. The company closed its acquisition of The Superior Group, adding approximately 3,000 employees focused on data center infrastructure. MasTec updated its full-year guidance, raising adjusted diluted EPS to $9.30 and GAAP diluted EPS to $6.20. Additionally, the Board appointed Alexander Benjamin Spiro as a Class III director, increasing board size from nine to ten members. MasTec is a leading North American infrastructure engineering and construction company focused on communications, energy, utility, and other infrastructure markets.
On July 20, 2026, MasTec, Inc. borrowed $700 million under a new senior unsecured delayed draw term loan agreement and $600 million under its existing Credit Facility. A total of approximately $1.28 billion of these funds were used to finance the cash consideration for the acquisition of Electrical Specialists, Inc. (d/b/a the Superior Group) and related fees, with the remaining balance used for working capital. MasTec is an infrastructure construction company that provides engineering, procurement, and construction services.