Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 412

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 7
Chunk 412
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0 101.7 Loss on extinguishment of debt— — — 11.3 Changes in fair value of acquisition-related contingent items2.5 4.6 0.6 3.6 Total adjustments, pre-tax$44.6 $46.3 $124.2 $140.7 Income tax effect of adjustments (a)(10.2)(9.1)(28.4)(31.1)Adjusted net income$200.9 $142.7 $364.8 $224.3 Net income attributable to non-controlling interests5.8 10.2 12.6 26.7 Adjusted net income attributable to MasTec, Inc.$195.1 $132.5 $352.1 $197.7 

Three Months EndedSeptember 30, Nine Months EndedSeptember 30, 2025202420252024Diluted earnings per share$2.04 $1.21 $3.26 $1.12 Adjustments:Non-cash stock-based compensation expense0.12 0.09 0.33 0.31 Amortization of intangible assets0.42 0.44 1.25 1.29 Loss on extinguishment of debt— — — 0.14 Changes in fair value of acquisition-related contingent items0.03 0.06 0.01 0.05 Total adjustments, pre-tax$0.57 $0.59 $1.58 $1.79 Income tax effect of adjustments (a)(0.13)(0.11)(0.36)(0.39)Adjusted diluted earnings per share$2.48 $1.68 $4.48 $2.51 

(a)    Represents the tax effects of the adjusted items that are subject to tax, including the tax effects of non-cash stock-based compensation expense, including from share-based payment awards.  Tax effects are determined based on the tax treatment of the related item, the incremental statutory tax rate of the jurisdictions pertaining to the adjustment, and their effects on pre-tax income.  For the three months ended September 30, 2025 and 2024, our consolidated tax amounts were expenses, with effective tax rates, as reported, of 21.3% and 23.0%, respectively, and as adjusted,