Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 358

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 12
Chunk 358
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 the work performed by the Company is evaluated for defects shortly after the work is completed.  If warranty claims occur, the Company could be required to repair or replace warrantied items, or, if customers elect to repair or replace the warrantied item using the services of another provider, the Company could be required to pay for the cost of the repair or replacement.  Warranty claims have historically not been material.

Concentrations of Risk.  The Company had approximately 1,045 customers for the three month period ended March 31, 2025.  As of both March 31, 2025 and December 31, 2024, no customer represented greater than 10% of the Company’s consolidated net accounts receivable position, which is calculated as accounts receivable, net, less deferred revenue.  The Company derived approximately 36% and 43% of its revenue from its top ten customers for the three month periods ended March 31, 2025 and 2024, respectively.