Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 332

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 7
Chunk 332
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 a reconciliation of net income (loss) to EBITDA and Adjusted EBITDA in dollar and percentage of revenue terms for the periods indicated.  The tables below (dollar amounts in millions) may contain slight summation differences due to rounding.

Three Months Ended March 31, EBITDA Reconciliation:20252024Net income (loss)$12.3 0.4 %$(34.5)(1.3)%Interest expense, net39.0 1.4 %52.1 1.9 %Benefit from income taxes(3.4)(0.1)%(11.1)(0.4)%Depreciation76.2 2.7 %107.4 4.0 %Amortization of intangible assets32.6 1.1 %33.7 1.3 %EBITDA $156.8 5.5 %$147.6 5.5 %Non-cash stock-based compensation expense6.9 0.2 %9.7 0.4 %Changes in fair value of acquisition-related contingent items(0.1)(0.0)%(4.6)(0.2)%Adjusted EBITDA$163.7 5.7 %$152.8 5.7 %

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 March 31, 20252024 (a)EBITDA$156.8 5.5 %$147.6 5.5 %Non-cash stock-based compensation expense (b)6.9 0.2 %9.7 0.4 %Changes in fair value of acquisition-related contingent items (b)(0.1)(0.0)%(4.6)(0.2)%Adjusted EBITDA$163.7 5.7 %$152.8 5.7 %Segment:Communications$46.8 6.9 %$25.6 5.1 %Clean Energy and Infrastructure57.1 6.2 %20.4 2.7 %Power Delivery51.3 5.7 %50.5 6.3 %Pipeline Infrastructure44.5 12.5 %92.