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Mastec (MTZ) guidance and outlook
Mastec (MTZ) lowered its guidance on Oct 29, 2026: EPS $5.69–$6.01 for FY2026; EPS +15% for FY2026; EPS $8.92–$9.30 for FY2026; EPS +39% for FY2026. Mastec's 10-Q filed Oct 29, 2026 makes 25 forward-looking statements, 2 of them new and 3 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EPS | FY2026 | $5.69–$6.01 | lowered |
| EPS | FY2026 | +15% | lowered |
| EPS | FY2026 | $8.92–$9.30 | lowered |
| EPS | FY2026 | +39% | lowered |
| EBITDA | FY2026 | +1% | initiated |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 29, 2026
- The OBBBA, along with other evolving trade and immigration policies, may have both positive and negative effects on our business, including, but not limited to, shifts in the timing, type and scope of customer projects, fluctuations in demand for our services, and changes in capital and labor costs, including availability.
- We will continue to monitor the market and economic conditions.
- The remainder of our work is generated pursuant to contracts for specific projects or jobs that require the construction or installation of an entire infrastructure system or specified units within an infrastructure system.
- Estimated backlog represents the amount of revenue we expect to realize over the next 18 months from future work on uncompleted construction contracts, including new contracts under which work has not begun, as well as revenue from change orders and renewal options.
- Estimated backlog for work under master service and other service agreements is determined based on historical trends, anticipated seasonal impacts, experience from similar projects and estimates of customer demand based on communications with our customers.
- new · For contracts with not-to-exceed maximum amounts, we include in estimated backlog only the portion of the remaining maximum contractual amounts that, based on our estimates, we expect to realize.
- updated · Based on current expectations of our customers’ requirements, we anticipate that we will realize approximately 23% of our estimated September 30, 2026 backlog in 2026.
- Timing of revenue for construction and installation projects included in our backlog can be subject to change as a result of customer, regulatory or other delays or cancellations, including from factors relative to “General Economic, Market and Regulatory Conditions” mentioned above.
- We occasionally experience postponements, cancellations and reductions in expected future work due to these effects and/or other factors.
- There can be no assurance as to our customers’ requirements or that actual results will be consistent with the estimates included in our forecasts.
- updated · Backlog expected to be realized in 2026 differs from the amount of remaining performance obligations expected to be recognized for the same period due primarily to the inclusion of approximately $1.4 billion of estimated future revenue under master service and other service agreements included within our backlog estimate, which is not included within our remaining performance obligations for the same period.
- new · The basis point increase was due to a combination of project mix and reduced project efficiencies, primarily within our Pipeline Infrastructure and Communications segments, as well as certain overhead costs incurred within our Pipeline Infrastructure segment to maintain operating capacity in support of expected future project work.
Mastec's 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
Did Mastec raise or lower its guidance?
Mastec (MTZ) lowered its guidance on Oct 29, 2026: EPS $5.69–$6.01 for FY2026; EPS +15% for FY2026; EPS $8.92–$9.30 for FY2026; EPS +39% for FY2026.
What does Mastec expect?
For contracts with not-to-exceed maximum amounts, we include in estimated backlog only the portion of the remaining maximum contractual amounts that, based on our estimates, we expect to realize. Based on current expectations of our customers’ requirements, we anticipate that we will realize approximately 23% of our estimated September 30, 2026 backlog in 2026. Backlog expected to be realized in 2026 differs from the amount of remaining performance obligations expected to be recognized for the same period due primarily to the inclusion of approximately $1.4 billion of estimated future revenue
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.