Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 769

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 769
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BITDA for segment reporting purposes is calculated consistently with our consolidated EBITDA calculation.  EBITDA margin is calculated by dividing EBITDA by revenue for the same period.  See the discussion of our non-U.S. GAAP financial measures, including certain adjusted non-U.S. GAAP measures, as described below, following the comparison of results discussion.  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):

For the Years Ended December 31,For the Years Ended December 31,RevenueChangeEBITDA and EBITDA MarginChangeSegment:20242023$%2024 2023 (a)$%Communications$3,460.0 $3,259.5 $200.6 6.2 %$333.7 9.6 %$269.2 8.3 %$64.6 24.0 %Clean Energy and Infrastructure4,092.1 3,962.0 130.1 3.3 %257.0 6.3 %132.4 3.3 %124.6 94.1 %Power Delivery2,682.1 2,735.1 (52.9)(1.9)%187.7 7.0 %207.8 7.6 %(20.1)(9.7)%Pipeline Infrastructure2,133.6 2,072.8 60.7 2.9 %389.4 18.3 %284.4 13.7 %105.1 36.9 %Other— — — — %26.2 NM25.0 NM1.2 4.8 %Eliminations(64.3)(33.5)(31.0)92.8 %— — — — — — Segment Total$12,303.5 $11,995.9 $307.6 2.6 %$1,194.1 9.7 %$918.8 7.7 %$275.3 30.0 %Corporate— — — — (243.3)— (163.9)— (79.3)48.4