Company: MTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000015615-25-000079
Chunk: 70

Company: MASTEC INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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. GAAP financial measures, to Adjusted Net Income, Adjusted Net Income Attributable to MasTec, Inc. and Adjusted Diluted Earnings Per Share.

Three Months EndedJune 30, Six Months EndedJune 30, 2025202420252024Net income$90.1 $43.8 $102.5 $9.3 Adjustments:Non-cash stock-based compensation expense9.4 7.0 16.3 16.7 Amortization of intangible assets32.7 33.6 65.3 67.3 Loss on extinguishment of debt— 11.3 — 11.3 Changes in fair value of acquisition-related contingent items(1.8)3.6 (2.0)(1.0)Total adjustments, pre-tax$40.2 $55.6 $79.7 $94.4 Income tax effect of adjustments (a)(8.9)(11.0)(18.3)(22.0)Adjusted net income$121.5 $88.4 $163.9 $81.7 Net income attributable to non-controlling interests4.4 9.8 6.8 16.5 Adjusted net income attributable to MasTec, Inc.$117.1 $78.6 $157.1 $65.2 

Three Months EndedJune 30, Six Months EndedJune 30, 2025202420252024Diluted earnings (loss) per share$1.09 $0.43 $1.21 $(0.09)Adjustments:Non-cash stock-based compensation expense0.12 0.09 0.21 0.21 Amortization of intangible assets0.42 0.43 0.83 0.85 Loss on extinguishment of debt— 0.14 — 0.14 Changes in fair value of acquisition-related contingent items(0.02)0.05 (0.02)(0.01)Total adjustments, pre-tax$0.51 $0.70 $1.01 $1.20 Income tax effect of adjustments (a)(0.11)(0.14)(0.23)(0.28)Adjusted diluted earnings per share$1.49 $1.00 $1.99