Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 38

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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2025 and 2024, respectively, as there is no revenue recorded within Corporate results.(b)    For each of the three and nine months ended September 30, 2025 and 2024, other segment items for each reportable segment includes general and administrative expenses, equity in earnings or losses of unconsolidated affiliates, net, and other income or expense, net.(c)    Recast to reflect first quarter of 2025 segment changes.

21

Three Months EndedSeptember 30, Nine Months EndedSeptember 30, EBITDA Reconciliation:2025202420252024Income before income taxes$211.6 $137.0 $341.4 $154.5 Plus:Interest expense, net45.4 47.0 128.3 149.7 Depreciation71.8 80.2 218.0 289.8 Amortization32.7 34.4 98.0 101.7 Corporate (a)60.2 58.0 170.4 175.8 Segment EBITDA$421.8 $356.6 $956.1 $871.4 (a)    For the nine months ended September 30, 2024, Corporate included a loss on debt extinguishment of $11.3 million.Three Months EndedSeptember 30, Nine Months EndedSeptember 30, Depreciation and Amortization:20252024 (a)20252024 (a)Communications$15.8 $17.6 $45.4 $58.3 Clean Energy and Infrastructure26.6 30.2 81.1 93.7 Power Delivery34.2 36.2 106.3 129.6 Pipeline Infrastructure25.7 27.9 76.6 102.2 Other— — — — Corporate2.3 2.7 6.6 7.6 Consolidated depreciation and amortization$104.6 $114.6 $316.0 $391.4 (a)    Recast to reflect first quarter of 2025 segment changes.Assets:September 30, 2025December 31, 2024 (a)Communications$1,926.6 $1,673.8 Clean Energy and Infrastructure2,712.7