MASTEC INC — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
MasTec reported Q3 2026 revenue of $5.2B (up 30% YoY) and Adjusted EBITDA of $486M (up 30% YoY), both quarterly records. The company raised full-year 2026 Adjusted Diluted EPS guidance to $8.92–$9.30 (39% midpoint growth vs. prior year) and GAAP EPS to $5.69–$6.01 (15% midpoint growth). Record 18-month backlog reached $24.5B (+46% YoY, +$3.2B sequentially). Key drivers: Superior Group acquisition (Power Delivery +65% revenue, +132% EBITDA), and pipeline backlog +26% QoQ; headwinds: Communications revenue down 12% YoY and EBITDA down 48% YoY due to customer deferrals.
Why this rating
Strong organic growth and record backlog support trajectory, but elevated debt (+$1.75B YTD to $4.2B) and Communications weakness temper optimism. Moderate relative to $10.3B market cap.
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