Company: MTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000015615-25-000128
Chunk: 241

Company: MASTEC INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 4
Chunk 241
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0.1 %Changes in fair value of acquisition-related contingent items (b)2.5 0.1 %4.6 0.1 %0.6 0.0 %3.6 0.0 %Adjusted EBITDA$373.5 9.4 %$310.5 9.5 %$811.9 7.8 %$734.7 8.3 %Segment:Communications$103.0 11.3 %$74.9 10.9 %$232.4 9.6 %$153.7 8.6 %Clean Energy and Infrastructure115.4 8.5 %85.0 7.5 %255.8 7.5 %152.8 5.4 %Power Delivery104.3 9.4 %86.2 9.1 %246.9 8.1 %216.8 8.3 %Pipeline Infrastructure92.0 15.4 %103.1 20.7 %198.6 13.3 %330.9 19.4 %Other7.1 NM7.4 NM22.3 NM17.2 NMSegment Total$421.8 10.6 %$356.6 11.0 %$956.1 9.2 %$871.4 9.8 %Corporate(48.4)— (46.1)— (144.2)— (136.8)— Adjusted EBITDA$373.5 9.4 %$310.5 9.5 %$811.9 7.8 %$734.7 8.3 %

NM - Percentage is not meaningful

(a)    Recast to reflect first quarter of 2025 segment changes.  See Note 10 – Segments and Related Information in the notes to the consolidated financial statements, which is incorporated by reference, for additional information.

(b)    Non-cash stock-based compensation expense, loss on extinguishment of debt and changes in fair value of acquisition-related contingent items are included within Corporate EBITDA.

34

The tables below (dollar amounts in millions, except per share amounts), which may contain slight summation differences due to rounding, reconcile reported net income