Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 55

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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.9 22.9 %Depreciation71.8 1.8 %80.2 2.5 %(8.4)(10.4)%Amortization of intangible assets32.7 0.8 %34.4 1.1 %(1.6)(4.8)%General and administrative expenses181.0 4.6 %168.9 5.2 %12.2 7.2 %Interest expense, net45.4 1.1 %47.0 1.4 %(1.6)(3.4)%Equity in earnings of unconsolidated affiliates, net(6.6)(0.2)%(7.0)(0.2)%0.5 (6.9)%Other expense, net1.6 0.0 %2.8 0.1 %(1.1)(40.7)%Income before income taxes$211.6 5.3 %$137.0 4.2 %$74.7 54.5 %Provision for income taxes(45.1)(1.1)%(31.5)(1.0)%(13.6)43.0 %Net income$166.5 4.2 %$105.4 3.2 %$61.1 58.0 %Net income attributable to non-controlling interests5.8 0.1 %10.2 0.3 %(4.3)(42.6)%Net income attributable to MasTec, Inc.$160.7 4.0 %$95.2 2.9 %$65.4 68.7 %

Revenue.  On a consolidated basis, revenue increased by $715 million, or 22%, driven by our segment results as follows: revenue increased in our Communications segment by approximately $227 million, or 33%, in our Clean Energy and Infrastructure segment by approximately $226 million, or 20%,  in our Power Delivery segment by approximately $160 million, or 17%, and in our Pipeline Infrastructure segment by approximately $100 million, or 20%.  See below for details of revenue by segment.

Costs of revenue, excluding depreciation and amortization.  Higher levels of revenue contributed an increase of $613 million in costs of revenue, excluding depreciation and amortization, and reduced productivity contributed