MasTec Inc. (MTZ) shares soared 5.04% in Friday's intraday trading session after the company reported impressive fourth-quarter 2024 results, with earnings and revenues surpassing expectations. The strong performance was driven by solid contributions across all segments and margin expansion, backed by robust execution.
The infrastructure construction company's diversified business model and growing backlog of $14.3 billion as of December 31, 2024, up 15.2% year-over-year, indicate solid growth opportunities ahead. MasTec's strong positioning in the Clean Energy and Infrastructure sectors, which saw significant revenue increases and margin expansion in Q4, bodes well for future growth.
Furthermore, MasTec provided an optimistic outlook for 2025, forecasting revenue growth of 9% year-over-year to approximately $13.45 billion. The company expects adjusted EBITDA to range between $1.1 billion and $1.15 billion, with an adjusted EBITDA margin of 8.2% to 8.5%. Adjusted earnings per share are anticipated to be between $5.35 and $5.84, surpassing analysts' expectations.
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