Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 2404

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 2404
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 non-controlled joint venture (c)— — %— — %(2.8)(0.0)%Bargain purchase gain (a)— — %— — %(0.2)(0.0)%Adjusted EBITDA$1,005.6 8.2 %$846.4 7.1 %$777.2 7.9 %Segment:Communications$333.7 9.6 %$291.7 8.9 %$331.8 10.3 %Clean Energy and Infrastructure257.0 6.3 %169.5 4.3 %109.2 4.2 %Power Delivery187.7 7.0 %216.3 7.9 %241.9 8.9 %Pipeline Infrastructure389.4 18.3 %284.4 13.7 %171.5 14.1 %Other26.2 NM25.0 NM29.0 NMSegment Total$1,194.1 9.7 %$986.9 8.2 %$883.4 9.0 %Corporate(188.5)— (140.5)— (106.2)— Adjusted EBITDA$1,005.6 8.2 %$846.4 7.1 %$777.2 7.9 %

NM - Percentage is not meaningful

(a)    Non-cash stock-based compensation expense, loss on extinguishment of debt, changes in fair value of acquisition-related contingent items, losses, net, on the fair value of an investment and the bargain purchase gain from a prior year acquisition are included within Corporate EBITDA.

(b)    For the year ended December 31, 2023, Communications, Clean Energy and Infrastructure and Power Delivery EBITDA included $22.5 million, $37.1 million and $8.5 million, respectively, of acquisition and integration costs, and Corporate EBITDA included $3.8 million of such costs.  For the year ended December 31, 2022, $4.7 million, $6.4 million, $39.0 million and $8.0 million of such costs were included within Communications, Clean Energy and Infrastructure, Power Delivery and Pipeline Infrastructure EBITDA, respectively, and Corporate E