Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 403

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 7
Chunk 403
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20252024 (a)$%Communications$914.6 $688.0 $226.6 32.9 %$103.0 11.3 %$74.9 10.9 %$28.1 37.6 %Clean Energy and Infrastructure1,364.1 1,138.4 225.7 19.8 %115.4 8.5 %85.0 7.5 %30.5 35.8 %Power Delivery1,110.7 950.6 160.1 16.8 %104.3 9.4 %86.2 9.1 %18.1 21.0 %Pipeline Infrastructure597.8 497.8 99.9 20.1 %92.0 15.4 %103.1 20.7 %(11.1)(10.8)%Other— — — — %7.1 NM7.4 NM(0.3)(4.3)%Eliminations(20.3)(22.4)2.2 (10.0)%— — — — — — %Segment Total$3,966.9 $3,252.4 $714.5 22.0 %$421.8 10.6 %$356.6 11.0 %$65.2 18.3 %Corporate— — — — (60.2)— (58.0)— (2.2)3.8 %Consolidated Total$3,966.9 $3,252.4 $714.5 22.0 %$361.6 9.1 %$298.6 9.2 %$63.1 21.1 %

NM - Percentage is not meaningful

(a)    Recast to reflect first quarter of 2025 segment changes.  See Note 10 – 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