Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 436

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 11
Chunk 436
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.  Much of 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 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 1,630 customers for the nine months ended September 30, 2025.  As of both September 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 35% and 34% of its revenue from its top ten customers for the three months ended September 30, 2025 and 2024, respectively, and derived approximately 34% and 37% of such revenue for the nine months ended September 30, 2025 and 2024, respectively.