Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 456

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 13
Chunk 456
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.9 $591.1 $245.8 41.6 %$82.6 9.9 %$53.1 9.0 %$29.5 55.5 %Clean Energy and Infrastructure1,131.4 942.3 189.1 20.1 %83.3 7.4 %47.4 5.0 %35.9 75.7 %Power Delivery1,045.6 868.4 177.2 20.4 %91.3 8.7 %80.1 9.2 %11.2 14.0 %Pipeline Infrastructure539.7 572.4 (32.7)(5.7)%62.1 11.5 %135.1 23.6 %(73.0)(54.0)%Other— — — — 7.2 NM2.8 NM4.4 155.0 %Eliminations(8.9)(13.1)4.3 (32.9)%— — — — — — Segment Total$3,544.7 $2,961.1 $583.6 19.7 %$326.5 9.2 %$318.6 10.8 %$7.9 2.5 %Corporate— — — — (59.3)— (69.2)— 9.8 (14.2)%Consolidated Total$3,544.7 $2,961.1 $583.6 19.7 %$267.3 7.5 %$249.4 8.4 %$17.8 7.1 %

NM - Percentage is not meaningful

(a)    Recast to reflect first quarter of 2025 segment changes.  See Note 11 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference, for additional information.

Communications Segment Results

Revenue.  The increase in revenue was driven primarily by higher levels of wireless and wireline project activity due, in part, to increased customer demand, offset, in part, by a decrease in our install-to-the-home project activity due, in part, to changes in consumer behavior resulting in