Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 438

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 12
Chunk 438
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 the work performed by the Company is evaluated for defects shortly after the work is completed.  If warranty claims occur, the Company could be required to repair or replace warrantied items, or, if 

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customers elect to repair or replace the warrantied item using the services of another provider, the Company could be required to pay for the cost of the repair or replacement.  Warranty claims have historically not been material.Concentrations of Risk.  The Company had approximately 1,365 customers for the six months ended June 30, 2025.  As of both June 30, 2025 and December 31, 2024, no customer represented greater than 10% of the Company’s consolidated net accounts receivable position, which is calculated as accounts receivable, net, less deferred revenue.  The Company derived approximately 36% of its revenue from its top ten customers for both the three months ended June 30, 2025 and 2024, and derived approximately 35% and 39% of such revenue for the six months ended June 30, 2025 and 2024, respectively.