Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 405

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 7
Chunk 405
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 months ended September 30, 2024, Corporate EBITDA included approximately $2 million of expense, net, from changes to estimated Earn-out accruals and approximately $2 million of expense, net, from the changes in the fair value of additional contingent payments to former owners of an acquired business.  Corporate expenses for the three months ended September 30, 2025 not related to the above-described items increased by approximately $4 million as compared with the same period in 2024, due primarily to increases in compensation, and the effects of timing of ordinary course legal and other settlement matters.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

RevenueEBITDA and EBITDA MarginNine Months EndedSeptember 30, ChangeNine Months EndedSeptember 30, ChangeSegment:20252024 (a)$%20252024 (a)$%Communications$2,432.3 $1,784.8 $647.6 36.3 %$232.4 9.6 %$153.7 8.6 %$78.8 51.3 %Clean Energy and Infrastructure3,411.3 2,834.2 577.1 20.4 %255.8 7.5 %152.8 5.4 %103.0 67.4 %Power Delivery3,056.0 2,616.9 439.1 16.8 %246.9 8.1 %216.8 8.3 %30.1 13.9 %Pipeline Infrastructure1,493.9 1,704.0 (210.1)(12.3)%198.6 13.3 %330.9 19.4 %(132.3)(40.0)%Other— — — — %22.3 NM17.2 NM5.1 29.7 %Eliminations(34.1)(39.5)5.3 (13.5)%— — — — — — %Segment Total$10,359.4 $8,900.4 $1,459.0 16.4 %$956.1 9.2 %$871.4 9.8 %$84.7 9.7