Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 50

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 50
---
.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 levels of wireless and wireline project activity, offset, in part, by a decrease in our install-to-the-home project activity due, in part, to changes in consumer behavior resulting in lower demand.

EBITDA.  As a percentage of revenue, EBITDA increased by approximately 180 basis points, or $12 million, due to improved efficiencies, including from our wireless and wireline businesses.  Higher levels of revenue resulted in an increase in EBITDA of approximately $9 million.

Clean Energy and Infrastructure Segment Results

Revenue.