Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 206

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 4
Chunk 206
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 a material adverse effect on our business, financial condition and results of operations.

The U.S. government recently announced significant trade policy and tariff actions on imports from a broad set of countries, including Canada, Mexico, European Union member states, Japan, Germany and China, in response to which many countries have announced retaliatory trade actions, including tariffs on U.S. exports.  These actions have increased the cost of importing certain construction materials into the United States, including steel, concrete and solar panels, and have caused disruption and uncertainty to both international trade and supply chains, as well as financial markets.  

The duration, extent and effects of these tariffs and trade actions cannot be predicted with certainty but these and other trade policies could increase costs of key construction equipment and components thereof, as well as materials required for our customers’ projects (including steel, concrete and solar panels), which could cause our customers to reconsider or reduce their capital expenditures.  In addition, economic experts and policy makers have expressed concerns that increased tariffs could increase inflation, which could also affect our customers’ capital spending plans and demand for our services.  Accordingly, these trade actions and the widespread uncertainty and international tensions resulting therefrom, including, without limitation, effects on interest rates and on the value of the U.S. dollar relative to other currencies, could materially and adversely harm our business, financial condition and results of operations. 

ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table provides information about repurchases of our common stock during the three month period ended March 31, 2025:

Total Number of Shares Purchased (a)Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Program (b)Approximate Dollar Value of Shares that May Yet be Purchased under the Program (c)January 1 through January 315,028 $142.2 — $77,326,434 February 1 through February 286,481 $151.25 — $77,326,434 March 1 through March 31338,604 $111.74 332,565 $40,252,986 Total350,113 332,565 

(a)Includes 5,028, 6,230 and 6,039 shares reacquired by the Company on the open market pursuant to the Amended ESPPs in January, February and March