Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 1366

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1C
Chunk 1366
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 following members of a peer group consisting of Quanta Services, Inc., MYR Group, Inc., Dycom Industries, Inc., Jacobs Solutions Inc. and Primoris Services Corporation.  The graph assumes that the value of the investment in our common stock, as well as that of the S&P 500 and our peer group, was $100 on December 31, 2019 and tracks it through December 31, 2024.  The comparisons in the graph are based upon historical data and are not intended to forecast or be indicative of possible future performance of our common stock.

The performance graph shall not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent we specifically incorporate this information by reference, and shall not otherwise be deemed filed under such acts.

COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*

Among MasTec, Inc., the S&P 500 Index, and a Peer Group

*$100 invested on 12/31/19 in stock or index, including reinvestment of dividends.

Fiscal year ending December 31.

Copyright© 2025 Standard & Poor’s, a division of S&P Global. All rights reserved.

As of December 31,201920202021202220232024MasTec, Inc.$100.00 $106.27 $143.83 $133.00 $118.02 $212.19 S&P 500$100.00 $118.40 $152.39 $124.79 $157.59 $197.02 Peer Group$100.00 $144.38 $202.05 $211.04 $286.75 $407.11 

32

ITEM  6.    RESERVED

ITEM  7.     MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of our business, financial condition and results of operations should be read in conjunction with our audited consolidated financial statements and notes thereto in Item 8 of this Form 10-K.  The discussion below contains forward-looking statements that are based upon our current expectations and is subject to uncertainty and changes in circumstances.  Actual results may differ materially from these expectations due to inaccurate assumptions and known or unknown risks and uncertainties, including those identified