Filing Flows › Mastec (MTZ) › Guidance history
Mastec (MTZ) guidance history: what it guided and what it reported
Mastec gave guidance in 14 earnings releases on file since Mar 1, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Revenue: 2 of 2, on average +3.1% against the guided midpoint. Its releases raised guidance 6 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 2025 | $2.7B (Feb 28, 2025) | $2.8B | above the range | +5.5% |
| FY2024 | $12.6B (May 3, 2024) → lowered $12.4B (Aug 2, 2024) → lowered $12.2B (Oct 31, 2024) | $12.3B | within the range | +0.6% |
| Q4 2024 | $3.3B (Oct 31, 2024) | — | — | — |
| Q3 2024 | $3.5B (Aug 2, 2024) | — | — | — |
| Q2 2024 | $3.1B (May 3, 2024) | — | — | — |
| Q1 2024 | $2.6B (Mar 1, 2024) | — | — | — |
GAAP net income
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $422M (Feb 26, 2026) | — | to be reported | — |
| FY2025 | $90.1M (Jul 31, 2025) → raised $166M (Oct 30, 2025) | $399M | above the range | +139.7% |
| FY2024 | $121M (May 3, 2024) → raised $131M (Aug 2, 2024) → raised $187M (Oct 31, 2024) | $163M | below the range | -12.9% |
| Q4 2024 | $72.0M (Oct 31, 2024) | — | — | — |
| Q3 2024 | $72.0M (Aug 2, 2024) | — | — | — |
| Q2 2024 | $40.0M (May 3, 2024) | — | — | — |
| Q1 2024 | $61.0M (Mar 1, 2024) | — | — | — |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 2025 | $0.05 (Feb 28, 2025) | — | — | — |
| Q4 2024 | $0.86 (Oct 31, 2024) | — | — | — |
| Q3 2024 | $0.78 (Aug 2, 2024) | — | — | — |
| Q2 2024 | $0.43 (May 3, 2024) | — | — | — |
| FY2024 | $1.23 (May 3, 2024) → raised $1.25 (Aug 2, 2024) → raised $1.98 (Oct 31, 2024) | — | — | — |
| Q1 2024 | $0.88 (Mar 1, 2024) | — | — | — |
Capital expenditures
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $220M (Jul 30, 2026) → raised $250M (Oct 29, 2026) | — | to be reported | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $5.07 (Feb 26, 2026) → raised $8.79 (Apr 30, 2026) → raised $9.30 (Jul 30, 2026) → lowered $8.92–$9.30 (Oct 29, 2026) | — | to be reported | — |
| Q1 2025 | $0.34 (Feb 28, 2025) | — | — | — |
| FY2025 | $3.75–$4.24 (Feb 28, 2025) → lowered $0.13 (May 2, 2025) → raised $6.33 (Jul 31, 2025) → raised $6.40 (Oct 30, 2025) | — | — | — |
| Q4 2024 | $1.29 (Oct 31, 2024) | — | — | — |
| Q3 2024 | $1.24 (Aug 2, 2024) | — | — | — |
| Q2 2024 | $0.88 (May 3, 2024) | — | — | — |
| Q1 2024 | $0.48 (Mar 1, 2024) | — | — | — |
| FY2024 | $1.04 (Mar 1, 2024) → raised $1.23 (May 3, 2024) → raised $3.03 (Aug 2, 2024) → raised $3.75 (Oct 31, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.2B (Feb 26, 2026) | — | to be reported | — |
| FY2025 | $164M (May 2, 2025) → raised $275M (Jul 31, 2025) → raised $374M (Oct 30, 2025) | — | — | — |
| Q1 2025 | $160M (Feb 28, 2025) | — | — | — |
| Q4 2024 | $259M (Oct 31, 2024) | — | — | — |
| Q3 2024 | $295M (Aug 2, 2024) | — | — | — |
| Q2 2024 | $260M (May 3, 2024) | — | — | — |
| Q1 2024 | $130M (Mar 1, 2024) | — | — | — |
| FY2024 | $955M (Mar 1, 2024) → raised $975M (May 3, 2024) → reaffirmed $975M (Aug 2, 2024) → raised $990M (Oct 31, 2024) | — | — | — |
The latest quarter
Mastec, Q3 2026: revenue $5.2B (+30% year over year), operating margin 5.3%, net earnings $151M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
Questions
Does Mastec beat its guidance?
Mastec gave guidance in 14 earnings releases on file since Mar 1, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Revenue: 2 of 2, on average +3.1% against the guided midpoint.
How often does Mastec raise guidance?
Its earnings releases raised guidance 6 times and lowered it once since Mar 1, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.