Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 135

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 135
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%— — — — — — Segment Total$2,847.7 $2,686.8 $160.9 6.0 %$207.7 7.3 %$196.3 7.3 %$11.4 5.8 %Corporate— — — — (50.9)— (48.7)— (2.3)4.7 %Consolidated Total$2,847.7 $2,686.8 $160.9 6.0 %$156.8 5.5 %$147.6 5.5 %$9.2 6.2 %

NM - Percentage is not meaningful

(a)    Recast to reflect segment changes.

Communications Segment Results

Revenue.  The increase in revenue was driven primarily by higher levels of wireless and wireline project activity, offset, in part, by a decrease in our install-to-the-home project activity due, in part, to changes in consumer behavior resulting in lower demand.

EBITDA.  As a percentage of revenue, EBITDA increased by approximately 180 basis points, or $12 million, due to improved efficiencies, including from our wireless and wireline businesses.  Higher levels of revenue resulted in an increase in EBITDA of approximately $9 million.

Clean Energy and Infrastructure Segment Results

Revenue.  The increase in revenue was due primarily to higher levels of project activity and mix, primarily in our renewable, heavy civil and other infrastructure projects.

EBITDA.  As a percentage of revenue, EBITDA increased by approximately 350 basis points, or $32 million, due to a combination of project mix, improved productivity and efficiencies, primarily from certain renewable and infrastructure project work.  Higher levels of revenue resulted in an increase in EBITDA of approximately $4 million.

Power Delivery Segment Results

Revenue.  The increase in revenue was due primarily to higher levels of project activity, including timing-related increases in transmission and distribution-related project work and, to a lesser extent, an increase in substation-related project work.

EBITDA.  As a percentage of revenue, EBITDA decreased by approximately 60 basis points, or $6 million, primarily due to reduced efficiencies at certain of our project sites, whereas higher levels of revenue resulted in an increase in EBITDA of approximately $6 million.

Pipeline Infrastructure Segment Results

Revenue