Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 370

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 6
Chunk 370
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 consolidated financial statements included in this Quarterly Report on Form 10-Q, which is incorporated by reference in this Item 1, for a discussion of any recent material developments related to our legal proceedings since the filing of our 2024 Form 10-K.

MasTec has elected to use a $1 million threshold for disclosing proceedings arising under federal, state or local environmental laws, which proceedings involve potential monetary sanctions, and in which a governmental authority is a party.  MasTec believes proceedings under this threshold are not material to its business and financial condition.

ITEM 1A.    RISK FACTORS

Our business is subject to a variety of risks and uncertainties.  There have been no material changes to either the cautionary statement regarding forward-looking statements or to any of the risk factors disclosed in our 2024 Form 10-K, as updated by our Quarterly Reports on Form 10-Q and other filings we make with the SEC.

ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table provides information about repurchases of our common stock during the three months ended September 30, 2025:

Total Number of Shares Purchased (a)Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced ProgramApproximate Dollar Value of Shares that May Yet be Purchased under the Program (b)July 1 through July 315,154 $169.70 — $250,000,000 August 1 through August 316,496 $182.26 — $250,000,000 September 1 through September 305,679 $177.93 — $250,000,000 Total17,329 — 

(a)Includes 5,154, 6,303 and 5,679 shares reacquired by the Company on the open market pursuant to the Amended ESPPs in July, August and September of 2025, respectively, and 193 shares withheld for income tax purposes in connection with shares issued under compensation and benefit programs in August of 2025.

(b)As of September 30, 2025, the full amount remains available for share repurchases under our May 2025 $250 million share repurchase program, which was publicly announced on May 1, 2025.

ITEM 4.    MINE SAFETY DISCLOSURES