Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 186

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 4
Chunk 186
---
31, 2025 and 2024.  Historical financial information for our reportable segments has been recast to conform with the changes described in Note 11 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference.

Three Months Ended March 31, Change20252024$%Revenue$2,847.7 100.0 %$2,686.8 100.0 %$160.9 6.0 %Costs of revenue, excluding depreciation and amortization2,536.6 89.1 %2,379.7 88.6 %156.9 6.6 %Depreciation76.2 2.7 %107.4 4.0 %(31.2)(29.1)%Amortization of intangible assets32.6 1.1 %33.7 1.3 %(1.1)(3.1)%General and administrative expenses166.2 5.8 %165.5 6.2 %0.6 0.4 %Interest expense, net39.0 1.4 %52.1 1.9 %(13.0)(25.0)%Equity in earnings of unconsolidated affiliates, net(10.3)(0.4)%(9.2)(0.3)%(1.1)11.9 %Other (income) expense, net(1.6)(0.1)%3.2 0.1 %(4.8)NMIncome (loss) before income taxes$8.9 0.3 %$(45.5)(1.7)%$54.5 NMBenefit from income taxes3.4 0.1 %11.1 0.4 %(7.7)(69.5)%Net income (loss)$12.3 0.4 %$(34.5)(1.3)%$46.8 NMNet income attributable to non-controlling interests2.4 0.1 %6.7 0.3 %(4.3)(63.9)%Net income (loss) attributable to MasTec, Inc.$9.9 0.3 %$(41.2)(1.5)%$51.1 NM

Three Months Ended March 31, 2025 Compared to