Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 379

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 7
Chunk 379
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.1 EBITDA$78.8 $67.8 $130.6 $227.8 $9.8 $— $514.8 (a)    Total consolidated revenue equals total reportable segment revenue of $3,544.7 million and $2,961.1 million for the three months ended June 30, 2025 and 2024, respectively, and $6,392.4 million and $5,647.9 million for the six months ended June 30, 2025 and 2024, respectively, as there is no revenue recorded within Corporate results.(b)    For each of the three and six months ended June 30, 2025 and 2024, other segment items for each reportable segment includes general and administrative expenses, equity in earnings or losses of unconsolidated affiliates, net, and other income or expense, net.(c)    Recast to reflect first quarter of 2025 segment changes.Three Months EndedJune 30, Six Months EndedJune 30, EBITDA Reconciliation:2025202420252024Income before income taxes$120.8 $63.1 $129.7 $17.6 Plus:Interest expense, net43.9 50.6 82.9 102.6 Depreciation69.9 102.1 146.2 209.6 Amortization32.7 33.6 65.3 67.3 Corporate59.3 69.2 110.2 117.7 Segment EBITDA$326.5 $318.6 $534.3 $514.8 For both the three and six months ended June 30, 2024, Corporate included a loss on debt extinguishment of $11.3 million.Three Months EndedJune 30, Six Months EndedJune 30, Depreciation and Amortization:20252024 (a)20252024 (a)Communications$13.4 $19.9 $29.6 $40.7 Clean Energy and Infrastructure26.9 31.2 54.6 63.5 Power Delivery35.0 46.5 72.1 93.3 Pipeline Infrastructure25.1 35.7 50.9 74.3 Other— — — —