Every material Form 8-K MasTec filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MasTec reported third quarter 2025 revenue of $4.0 billion, a quarterly record, and diluted EPS of $2.04, up from $1.21 a year earlier. The company also issued full-year 2025 guidance of $4.80 diluted EPS and $6.40 adjusted diluted EPS, with a net debt of $2.1 billion at quarter end, which shareholders will weigh against lower cash flow and a slight margin decline.
Q3 revenue $3,967 million, up 22.0% year over year, with double-digit growth in all segments
Q3 GAAP net income $166.5 million and Adjusted EBITDA $373.5 million, up 58% and 20% year over year
Q3 free cash flow $36 million vs. $252 million a year earlier; Adjusted EBITDA margin 9.4% vs. 9.5%
MasTec reported second quarter 2025 revenue of $3.5 billion, up 20% from a year earlier, and GAAP diluted earnings per share of $1.09, up from $0.43. The company raised its full year 2025 diluted EPS guidance midpoint to $4.71 and adjusted diluted EPS guidance midpoint to $6.33, which indicates higher expected earnings for shareholders.
Q2 2025 revenue was $3,545 million versus $2,961 million in Q2 2024, a 19.7% increase; Pipeline Infrastructure revenue fell 5.7%.
Q2 2025 adjusted diluted EPS was $1.49 versus $1.00 a year earlier; GAAP net income was $90.1 million.
Full year 2025 guidance: revenue of $13.9 billion to $14.0 billion and GAAP diluted EPS of $4.61 to $4.82.
Six-month free cash flow was $(0.4) million, compared with $346.4 million in the prior-year period.
MasTec entered an amended and restated credit agreement providing a $1.9 billion revolving credit facility, extending maturity to five years and removing certain distribution, buyback and interest coverage restrictions. It also entered a new $600.0 million senior unsecured term loan, used to repay about $277.5 million of existing term loans, with a three-year maturity. For shareholders, the filing shows a refinancing of the company's debt with terms that loosen some covenants, though it adds new borrowings.
Revolving credit facility totals $1.9 billion, with about $328.0 million of term loans terminated under the amended agreement.
New $600.0 million senior unsecured term loan matures three years after closing and is used to repay about $277.5 million of existing term loans.
Amended agreement removes the minimum consolidated interest coverage ratio requirement and limits on share repurchases and distributions.
New term loan requires a consolidated leverage ratio of not more than 3.50:1.00, which may rise to 4.00:1.00 after acquisitions above $200.0 million.
MasTec reported first-quarter 2025 results, with revenue up 6% to $2.8 billion and diluted EPS of $0.13, compared with a loss of $0.53 a year earlier. The company raised its full-year 2025 guidance, with adjusted diluted EPS guidance increased about 9% from the prior midpoint, and its board authorized an additional $250 million share repurchase program.
Q1 2025 revenue of $2.8 billion rose 6%, while Pipeline Infrastructure revenue fell 43.8%
Diluted EPS was $0.13 versus a loss of $0.53 a year earlier; adjusted diluted EPS was $0.51 versus a loss of $0.17
Full-year 2025 adjusted diluted EPS guidance is $5.90 to $6.25, and adjusted EBITDA guidance is $1.12 billion to $1.16 billion
Board authorized an additional $250 million share repurchase program
MasTec reported fourth quarter and full-year 2024 results on February 27, 2025, with revenue and GAAP net income both higher than in 2023. The company also issued initial 2025 guidance, including $13.45 billion in revenue and GAAP net income of $327 million to $366 million, and expects a GAAP net loss of $1 million in the first quarter of 2025.
Q4 2024 revenue was $3.4 billion, up from $3.3 billion; GAAP net income was $84.7 million, versus $1.2 million in Q4 2023.
Full-year 2024 GAAP net income was $199.4 million, or $2.06 per diluted share, compared with a net loss of $47.3 million in 2023.
2025 guidance: revenue of $13.45 billion, GAAP diluted EPS of $3.75 to $4.24, and adjusted EBITDA of $1.10 billion to $1.15 billion.
Estimated 18-month backlog reached a record $14.3 billion at December 31, 2024; net debt leverage ratio was 1.8x.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MasTec filing is on SEC EDGAR ↗. 8-K briefs of other companies →