Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 194

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 4
Chunk 194
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 %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 %92.8 14.6 %Other8.0 NM7.0 NMSegment Total$207.7 7.3 %$196.4 7.3 %Corporate(44.1)— (43.5)— Adjusted EBITDA$163.7 5.7 %$152.8 5.7 %

NM - Percentage is not meaningful

(a)    Recast to reflect segment changes.

(b)    Non-cash stock-based compensation expense and changes in fair value of acquisition-related contingent items are included within Corporate EBITDA.

30

The tables below, which may contain slight summation differences due to rounding, reconcile reported net income (loss) and reported diluted earnings (