secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001193125-25-110270
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec Q1 beats: adj EPS $0.51 vs guided $0.34; FY adj EPS raised ~9%
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- Q1 revenue $2.848B (+6% YoY); GAAP net income $12.3M ($0.13 EPS); adj net income $42M ($0.51 adj EPS), beating guidance by $0.17.
- Backlog $15.9B (+24% YoY, +11% QoQ); Pipeline Infrastructure backlog more than doubled since year-end.
- FY 2025 guidance raised: adj diluted EPS $5.90–$6.25 (midpoint ~9% increase); revenue $13.65B; adj EBITDA $1.12B–$1.16B.
- Segment rev: Communications +34.7%, Clean Energy +21.5%, Power Delivery +12.8%, Pipeline -43.8% (large project close-out).
- Share repurchases $77M YTD at avg $110/share; board authorized additional $250M repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312525110270/0001193125-25-110270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312525110270/d851113d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-110270

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