Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 449

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 13
Chunk 449
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11 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference.

28

Three Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024

Three Months Ended June 30, Change20252024$%Revenue$3,544.7 100.0 %$2,961.1 100.0 %$583.6 19.7 %Costs of revenue, excluding depreciation and amortization3,109.2 87.7 %2,540.4 85.8 %568.7 22.4 %Depreciation69.9 2.0 %102.1 3.4 %(32.2)(31.5)%Amortization of intangible assets32.7 0.9 %33.6 1.1 %(0.9)(2.7)%General and administrative expenses176.7 5.0 %167.1 5.6 %9.6 5.7 %Interest expense, net43.9 1.2 %50.6 1.7 %(6.7)(13.3)%Equity in earnings of unconsolidated affiliates, net(7.0)(0.2)%(5.9)(0.2)%(1.2)19.5 %Loss on extinguishment of debt— — %11.3 0.4 %(11.3)(100.0)%Other income, net(1.3)(0.0)%(1.3)(0.0)%(0.0)0.4 %Income before income taxes$120.8 3.4 %$63.1 2.1 %$57.7 91.4 %Provision for income taxes(30.7)(0.9)%(19.3)(0.7)%(11.3)58.5 %Net income$90.1 2.5 %$43.8 1.5 %$46.4 105.9 %Net income attributable to non-controlling interests4.4 0.1 %9.8 0.3 %(5.4)(55.3)%Net income attributable to MasTec, Inc.$85.8 2.4 %$