Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 300

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 5
Chunk 300
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— %— — %11.3 0.1 %Changes in fair value of acquisition-related contingent items (b)2.5 0.1 %4.6 0.1 %0.6 0.0 %3.6 0.0 %Adjusted EBITDA$373.5 9.4 %$310.5 9.5 %$811.9 7.8 %$734.7 8.3 %Segment:Communications$103.0 11.3 %$74.9 10.9 %$232.4 9.6 %$153.7 8.6 %Clean Energy and Infrastructure115.4 8.5 %85.0 7.5 %255.8 7.5 %152.8 5.4 %Power Delivery104.3 9.4 %86.2 9.1 %246.9 8.1 %216.8 8.3 %Pipeline Infrastructure92.0 15.4 %103.1 20.7 %198.6 13.3 %330.9 19.4 %Other7.1 NM7.4 NM22.3 NM17.2 NMSegment Total$421.8 10.6 %$356.6 11.0 %$956.1 9.2 %$871.4 9.8 %Corporate(48.4)— (46.1)— (144.2)— (136.8)— Adjusted EBITDA$373.5 9.4 %$310.5 9.5 %$811.9 7.8 %$734.7 8.3 %

NM - Percentage is not meaningful

(a)    Recast to reflect first quarter of 2025 segment changes.  See Note 10 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference, for additional information.

(b)    Non-cash stock-based compensation expense, loss on extinguishment of debt and changes in fair value of acquisition-related contingent items are included within Corporate EBITDA.

34

The tables below (dollar amounts in millions, except per share amounts), which may contain