Mastec Inc.
MasTec Appoints New Director and Updates Financial Guidance
Summary
MasTec, Inc. announced the appointment of Mr. Alexander Benjamin Spiro as a new Class III director, effective July 24, 2026. The company also reported strong second-quarter 2026 financial results, with a 23% increase in revenue to $4.4 billion, and updated its full-year 2026 financial guidance, raising both GAAP and Adjusted Diluted Earnings Per Share (EPS) expectations. The company's 18-month backlog reached a record $21.4 billion, reflecting significant growth in Clean Energy and Infrastructure. MasTec's CEO, Jose R. Mas, highlighted the strong performance and margin expansion, while CFO Paul DiMarco expressed confidence in the company's ability to exceed financial objectives. The company will host a webcast to discuss these results on July 31, 2026.
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About Mastec Inc.
Mastec Inc. is a comprehensive infrastructure construction company that operates primarily within the energy and communication sectors. Specializing in the engineering, building, installation, maintenance, and upgrading of infrastructure, Mastec plays a critical role in facilitating the development and functionality of modern energy and communication networks. The company is prominently engaged in activities related to the construction of oil and gas pipelines, electrical transmission systems, renewable energy facilities, and wireless and wireline communication systems. Mastec’s services are essential for utility companies, government agencies, and businesses seeking to expand or maintain their infrastructure capabilities. By providing these key services, Mastec helps to improve the reliability, efficiency, and connectivity of infrastructure networks, underpinning economic growth and technological advancement. This makes Mastec an important player in the ongoing development of essential services and infrastructure in the North American market.
Official SEC Documents
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