Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 54

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 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 %92.8 14.6 %Other8.0 NM7.0 NMSegment Total$207.7