Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 358

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 6
Chunk 358
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.8 7.8 %$271.4 9.2 %$438.5 6.9 %$424.1 7.5 %Segment:Communications$82.6 9.9 %$53.1 9.0 %$129.4 8.5 %$78.8 7.2 %Clean Energy and Infrastructure83.3 7.4 %47.4 5.0 %140.4 6.9 %67.8 4.0 %Power Delivery91.3 8.7 %80.1 9.2 %142.7 7.3 %130.6 7.8 %Pipeline Infrastructure62.1 11.5 %135.1 23.6 %106.6 11.9 %227.8 18.9 %Other7.2 NM2.8 NM15.2 NM9.8 NMSegment Total$326.5 9.2 %$318.6 10.8 %$534.3 8.4 %$514.8 9.1 %Corporate(51.7)— (47.2)— (95.8)— (90.7)— Adjusted EBITDA$274.8 7.8 %$271.4 9.2 %$438.5 6.9 %$424.1 7.5 %

NM - Percentage is not meaningful

(a)    Recast to reflect first quarter of 2025 segment changes.  See Note 11 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference, for additional information.

(b)    Non-cash stock-based compensation expense, loss on extinguishment of debt and changes in fair value of acquisition-related contingent items are included within Corporate EBITDA.

34

The tables below, which may contain slight summation differences due to rounding, reconcile reported net income and reported diluted earnings (loss) per share, the most directly comparable U.S. GAAP financial measures, to Adjusted Net Income, Adjusted Net Income Attributable to MasTec, Inc. and Adjusted Diluted Earnings Per Share.

Three Months EndedJune 30, Six Months EndedJune 30, 202520242