Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 2396

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 2396
---
 Segments and Related Information in the notes to the audited consolidated financial statements, which is incorporated by reference.  Our reportable segments are: (1) Communications; (2) Clean Energy and Infrastructure; (3) Power Delivery; (4) Pipeline Infrastructure and (5) Other.  Management’s review of segment results includes analyses of trends in revenue, EBITDA and EBITDA margin.  EBITDA for segment reporting purposes is calculated consistently with our consolidated EBITDA calculation.  EBITDA margin is calculated by dividing EBITDA by revenue for the same period.  See the discussion of our non-U.S. GAAP financial measures, including certain adjusted non-U.S. GAAP measures, as described below, following the comparison of results discussion.  The following table, which may contain slight summation differences due to rounding, presents revenue, EBITDA and EBITDA margin by segment for the periods indicated (dollar amounts in millions):

For the Years Ended December 31,For the Years Ended December 31,RevenueChangeEBITDA and EBITDA MarginChangeSegment:20242023$%2024 2023 (a)$%Communications$3,460.0 $3,259.5 $200.6 6.2 %$333.7 9.6 %$269.2 8.3 %$64.6 24.0 %Clean Energy and Infrastructure4,092.1 3,962.0 130.1 3.3 %257.0 6.3 %132.4 3.3 %124.6 94.1 %Power Delivery2,682.1 2,735.1 (52.9)(1.9)%187.7 7.0 %207.8 7.6 %(20.1)(9.7)%Pipeline Infrastructure2,133.6 2,072.8 60.7 2.9 %389.4 18.3 %284.4 13.7 %105.1 36.9 %Other— — — — %26.2 NM25.0 NM1.2 4.8 %Eliminations(64.3)(33.5)(31.0)92.8 %— — — — — — Segment Total$12