MasTec Inc

MTZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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MasTec Earnings: Strong Backlog Provides Visibility as Margin Recovery Shifts to 2027

Rashmi Nair

Nov 2, 2026

MasTec reported third-quarter revenue of $5.2 billion and adjusted EBITDA of $486 million, both increasing approximately 30% year over year. Despite raising its full-year revenue guidance to $18.3 billion, management lowered its adjusted EPS outlook by roughly 2% at the midpoint to $8.92-$9.30.

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MasTec Inc

MasTec Earnings: Strong Backlog Provides Visibility as Margin Recovery Shifts to 2027

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