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31.07.25 - 22:24
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MasTec Reports Second Quarter 2025 Results and Updates 2025 Financial Guidance (Business Wire)
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Second Quarter 2025 Highlights
Revenue of $3.5 billion increased 20% year-over-year, a quarterly record; strong 25% combined growth contribution from non-pipeline segments; 6% decrease from Pipeline Infrastructure due to large contract close-out last year
18-month backlog as of June 30, 2025 of $16.5 billion increased 23% year-over-year and 4% versus the prior quarter; significant second quarter new awards in Clean Energy and Infrastructure led to a record backlog level
Diluted EPS of $1.09 and Adjusted Diluted EPS of $1.49, above guidance expectations and increased 153% and 49% year-over-year, respectively
GAAP Net Income of $90.1 million, above expectations by $2.1 million, and Adjusted EBITDA of $274.8 million, in line with expectations
Guidance raised for FY 2025; Diluted EPS guidance midpoint increased to $4.71, a ~6% increase from prior guidance midpoint and a 129% year-over-year increase; Adjusted Diluted EPS guidance midpoint increased to $6.33, a ~4% increase from prior guidance midpoint and a 60...
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