Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 238

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 5
Chunk 238
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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 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,