MasTec, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Overall Performance: Strong quarter with record results across key metrics. Revenue, EBITDA, and EPS all exceeded guidance with double-digit YoY growth. Total company book-to-bill 1.2x, driving new backlog record. 2026 on track for record year; Superior Group acquisition adds momentum for 2027+.

Key Financial Highlights (Q2 2020 vs Q2 2019)

  • Revenue: $4.38 billion, +23% YoY
  • Adjusted EBITDA: $384 million, +40% YoY; margins +100 bps YoY to ~8.8%
  • Adjusted EPS: $2.22, +49% YoY
  • Backlog: $21.4 billion (new record), +$5 billion YoY and +$1 billion sequential organic; book-to-bill 1.2x

Segment Performance

  • Communications: Revenue ~$890 million; EBITDA $73 million (margins ~8.2%). Short-term pressure from lower wireless (spectrum rollout delays) and wireline project deferrals (RDOT roll-offs, permitting). Long-term outlook unchanged; hyperscaler opportunities in billions. Full-year guidance reduced to ~$3.25 billion revenue, high single-digit margins (~100 bps lower YoY). Q3 expected ~$800 million revenue, high single-digit margins.
  • Power Delivery: Revenue ~$1.25 billion (+20% YoY); EBITDA $113 million (margins >9%, +30 bps YoY). Strong utility/transmission demand from grid modernization, electrification, data centers. Backlog record ~$6.3 billion (book-to-bill 1.1x). Includes Superior contribution going forward.

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Operator: Thank you for standing by. And welcome to MasTec's Second Quarter 2020 Financial Results Conference Call. Originally broadcast on Friday, July 31, 2026. Today's call is being recorded. I would now like to turn the call over to Marc Lewis, for some opening comments. Marc Lewis: Thanks, Dan, and good morning, everyone, and thank you for joining us for MasTec's segment quarter earnings conference call. Joining me today are Jose Ramon Mas, Chief Executive Officer and Paul Dimarco, Chief Financial Officer. Prepared slides to supplement our remarks, are posted on MasTec's website on the Investors tab and through the webcast link. there is also a companion document with information and analytics on the quarter and a guidance summary to assist in future financial modeling. Read the forward looking statement disclaimer contained in the slides accompanying this call. During this call, we will make forward looking statements regarding our plans and expectations about the future as of the date of this call. Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward looking statements. Our Form 10 k as updated our current and periodic reports and filings with the SEC include detailed discussion of risks and uncertainties that may cause such differences. In today's remarks, we will also be discussing adjusted financial metrics reconciled in yesterday's press

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