Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 301

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 5
Chunk 301
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 slight summation differences due to rounding, reconcile reported net income and reported diluted earnings per share, the most directly comparable U.S. GAAP financial measures, to Adjusted Net Income, Adjusted Net Income Attributable to MasTec, Inc. and Adjusted Diluted Earnings Per Share.

Three Months EndedSeptember 30, Nine Months EndedSeptember 30, 2025202420252024Net income$166.5 $105.4 $269.0 $114.7 Adjustments:Non-cash stock-based compensation expense9.3 7.3 25.6 24.0 Amortization of intangible assets32.7 34.4 98.0 101.7 Loss on extinguishment of debt— — — 11.3 Changes in fair value of acquisition-related contingent items2.5 4.6 0.6 3.6 Total adjustments, pre-tax$44.6 $46.3 $124.2 $140.7 Income tax effect of adjustments (a)(10.2)(9.1)(28.4)(31.1)Adjusted net income$200.9 $142.7 $364.8 $224.3 Net income attributable to non-controlling interests5.8 10.2 12.6 26.7 Adjusted net income attributable to MasTec, Inc.$195.1 $132.5 $352.1 $197.7 

Three Months EndedSeptember 30, Nine Months EndedSeptember 30, 2025202420252024Diluted earnings per share$2.04 $1.21 $3.26 $1.12 Adjustments:Non-cash stock-based compensation expense0.12 0.09 0.33 0.31 Amortization of intangible assets0.42 0.44 1.25 1.29 Loss on extinguishment of debt— — — 0.14 Changes in fair value of acquisition-related contingent items0.03 0.06 0.01 0.05 Total adjustments, pre-tax$0.57 $0.59 $1.58 $1.79 Income tax effect of adjustments (a)(0.13)(0.11)(0.36)(0.39)Adjusted diluted earnings per share