Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 399

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 7
Chunk 399
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 Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

Nine Months Ended September 30, Change20252024$%Revenue$10,359.4 100.0 %$8,900.4 100.0 %$1,459.0 16.4 %Costs of revenue, excluding depreciation and amortization9,075.0 87.6 %7,709.4 86.6 %1,365.6 17.7 %Depreciation218.0 2.1 %289.8 3.3 %(71.8)(24.8)%Amortization of intangible assets98.0 0.9 %101.7 1.1 %(3.6)(3.6)%General and administrative expenses523.9 5.1 %501.5 5.6 %22.4 4.5 %Interest expense, net128.3 1.2 %149.7 1.7 %(21.3)(14.3)%Equity in earnings of unconsolidated affiliates, net(23.9)(0.2)%(22.2)(0.2)%(1.8)7.9 %Loss on extinguishment of debt— — %11.3 0.1 %(11.3)(100.0)%Other (income) expense, net(1.3)(0.0)%4.6 0.1 %(5.9)NMIncome before income taxes$341.4 3.3 %$154.5 1.7 %$186.8 120.9 %Provision for income taxes(72.4)(0.7)%(39.8)(0.4)%(32.6)81.9 %Net income$269.0 2.6 %$114.7 1.3 %$154.2 134.4 %Net income attributable to non-controlling interests12.6 0.1 %26.7 0.3 %(14.0)(52.6)%Net income attributable to MasTec, Inc.$256.3 2.5 %$88.0 1.0 %$168.3 191.1 %

NM - Percentage is