Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 480

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 480
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 material adverse effect on our results of operations, cash flows and liquidity.  We also are subject to laws and regulations that impose liability and cleanup responsibility for releases of hazardous substances into the environment.  Under certain of these laws and regulations, liabilities can be imposed for cleanup of properties, regardless of whether we 

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directly caused the contamination or violated any law at the time of discharge or disposal.  The presence of contamination from such substances or wastes could interfere with ongoing operations or adversely affect our business.

In addition, we could be held liable for significant penalties and damages under certain environmental laws and regulations.  Our contracts with customers may also impose liabilities on us regarding environmental issues that arise through the performance of our services.  In addition, we could be subject to liability for legacy environmental matters arising from our recently acquired businesses.  From time to time, we may incur unanticipated and substantial costs and obligations related to environmental compliance and/or remediation matters.  We believe we have all material licenses and permits needed to conduct operations and that we are in material compliance with all applicable regulatory and environmental requirements.  We could, however, incur significant liabilities if we fail to comply with such requirements.

Additionally, there are significant environmental regulations under consideration to address climate change, regulate and report on emissions of greenhouse gases and encourage the use of clean energy technologies.  We regularly monitor proposed regulations and legislation and have processes in place to adapt our business and operations, as necessary, to meet any such new requirements.

Financial Information About Geographic Areas 

We operate primarily in the United States and Canada.  See Note 13 - Segments and Related Information in the notes to the audited consolidated financial statements, which is incorporated by reference.

Human Capital Management 

At MasTec, our employees are an integral part of our growth and success.  MasTec began as a family business, and every member of the MasTec team is considered part of the MasTec family.  The safety, health and welfare of our employees is at the heart of our operations.  We are committed to fairness and respect in the workplace and value the diverse and varied perspectives and experiences of our employees.  We believe that our commitment to our employees, together with our team culture, fosters an environment of strong employee engagement.  We are most productive when our employees are safe, healthy and engaged.  We believe that our employees and our customers benefit from the collective and well-coordinated efforts that result from effective employee engagement, teamwork and collaboration, which, in turn, allows us to