Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 69

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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.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 %

A reconciliation of EBITDA and EBITDA margin to Adjusted EBITDA and Adjusted EBITDA margin by segment for the periods indicated is as follows:Three Months Ended September 30, Nine Months Ended September 30, 20252024 (a)20252024 (a)EBITDA$361.6 9.1 %$298.6 9.2 %$785.7 7.6 %$695.6 7.8 %Non-cash stock-based compensation expense (b)9.3 0.2 %7.3 0.2 %25.6 0.2 %24.0 0.3 %Loss on extinguishment of debt (b)— — %— — %— — %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