Shares of MasTec Inc. (MTZ) soared 6.52% in after-hours trading on Thursday following the company's release of better-than-expected first quarter 2025 results and an upward revision to its full-year guidance.
The infrastructure construction company reported quarterly earnings of $0.51 per share, significantly beating analyst consensus estimates of $0.34. This marked a substantial turnaround from the $0.13 loss per share reported in the same period last year. Revenue for the quarter came in at $2.85 billion, surpassing analysts' expectations of $2.71 billion and representing a 5.99% increase year-over-year.
Adding to investor optimism, MasTec raised its financial outlook for the full year 2025. The company now projects adjusted earnings per share in the range of $5.90 to $6.25, up from its previous guidance of $5.35 to $5.84. This upward revision, representing a 9% increase from the prior midpoint, signals management's confidence in MasTec's growth trajectory and operational performance for the remainder of the year.
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