Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 284

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 6
Chunk 284
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  The following table, which may contain slight summation differences due to rounding, presents revenue, EBITDA and EBITDA margin by segment for the periods indicated (dollar amounts in millions):

RevenueEBITDA and EBITDA MarginThree Months Ended March 31, ChangeThree Months Ended March 31, ChangeSegment:20252024 (a)$%20252024 (a)$%Communications$680.9 $505.7 $175.2 34.7 %$46.8 6.9 %$25.6 5.1 %$21.1 82.4 %Clean Energy and Infrastructure915.8 753.5 162.3 21.5 %57.1 6.2 %20.4 2.7 %36.7 179.8 %Power Delivery899.7 797.9 101.9 12.8 %51.3 5.7 %50.5 6.3 %0.8 1.7 %Pipeline Infrastructure356.5 633.8 (277.3)(43.8)%44.5 12.5 %92.8 14.6 %(48.2)(52.0)%Other— — — — 8.0 NM6.9 NM1.0 14.9 %Eliminations(5.2)(4.1)(1.1)25.6 %— — — — — — Segment Total$2,847.7 $2,686.8 $160.9 6.0 %$207.7 7.3 %$196.3 7.3 %$11.4 5.8 %Corporate— — — — (50.9)— (48.7)— (2.3)4.7 %Consolidated Total$2,847.7 $2,686.8 $160.9 6.0 %$156.8 5.5 %$147.6 5.5 %$9.2 6.2 %

NM - Percentage is not meaningful

(a)    Recast to reflect segment changes.

Communications Segment Results

Revenue.  The increase in revenue was driven primarily by higher