Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 299

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 5
Chunk 299
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0.9 %19.3 0.7 %27.3 0.4 %8.3 0.1 %Depreciation69.9 2.0 %102.1 3.4 %146.2 2.3 %209.6 3.7 %Amortization of intangible assets32.7 0.9 %33.6 1.1 %65.3 1.0 %67.3 1.2 %EBITDA $267.3 7.5 %$249.4 8.4 %$424.1 6.6 %$397.1 7.0 %Non-cash stock-based compensation expense9.4 0.3 %7.0 0.2 %16.3 0.3 %16.7 0.3 %Loss on extinguishment of debt— — %11.3 0.4 %— — %11.3 0.2 %Changes in fair value of acquisition-related contingent items(1.8)(0.1)%3.6 0.1 %(2.0)(0.0)%(1.0)(0.0)%Adjusted EBITDA$274.8 7.8 %$271.4 9.2 %$438.5 6.9 %$424.1 7.5 %

A reconciliation of EBITDA and EBITDA margin to Adjusted EBITDA and Adjusted EBITDA margin by segment for the periods indicated is as follows:Three Months Ended June 30, Six Months Ended June 30, 20252024 (a)20252024 (a)EBITDA$267.3 7.5 %$249.4 8.4 %$424.1 6.6 %$397.1 7.0 %Non-cash stock-based compensation expense (b)9.4 0.3 %7.0 0.2 %16.3 0.3 %16.7 0.3 %Loss on extinguishment of debt (b)— — %11.3 0.4 %— — %11.3 0.2 %Changes in fair value