MasTec(US:MTZ)2025-05-02 11:36Financial Performance - Revenue for Q1 2025 reached $2.8 billion, exceeding guidance expectations by 5% and showing a 6% increase compared to the previous year[5] - Adjusted EBITDA for Q1 2025 was $164 million, a 7% year-over-year increase[5,6] - Adjusted Diluted EPS for Q1 2025 was $0.51, exceeding guidance by $0.17 due to higher earnings, lower depreciation, and a lower tax rate[5] - Cash flow from operations for Q1 2025 was $78 million[6] Backlog - Total backlog reached $15.9 billion, reflecting a sequential increase of $1.6 billion and a year-over-year growth of $3.0 billion[5] - The $15.9 billion backlog is up 24% or $3.0 billion on a year-over-year basis, and up 11%, or $1.6 billion sequentially[12] - Clean Energy and Infrastructure backlog increased by $172 million sequentially and $912 million year-over-year, reaching $4.4 billion[12] Segment Results (Q1 2025) - Communications revenue was $754 million, while Clean Energy and Infrastructure revenue was $900 million, Power Delivery revenue was $506 million, and Pipeline Infrastructure revenue was $164 million[8] - Communications adjusted EBITDA was $46.8 million, Clean Energy and Infrastructure adjusted EBITDA was $57.1 million, Power Delivery adjusted EBITDA was $51.3 million, and Pipeline Infrastructure adjusted EBITDA was $44.5 million[45] Guidance - The company projects Q2 2025 revenue to be $3.4 billion and full-year 2025 revenue to be $13.65 billion[21] - Adjusted EBITDA guidance for Q2 2025 is $270 million - $280 million, and for the full year 2025, it is $1.12 billion - $1.16 billion[21] - Adjusted Diluted EPS guidance for Q2 2025 is $1.36 - $1.46, and for the full year 2025, it is $5.90 - $6.25[21]