Company: MTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000015615-25-000052
Chunk: 351

Company: MASTEC INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 11
Chunk 351
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46.8 $57.1 $51.3 $44.5 $8.0 $— $207.7 2024: (c)Revenue (a)$505.7 $753.5 $797.9 $633.8 $— $(4.1)$2,686.8 Costs of revenue, excluding depreciation and amortization459.5 689.9 709.1 518.2 — (4.1)2,372.6 Other segment items (b)20.6 43.2 38.3 22.8 (6.9)— 118.0 EBITDA$25.6 $20.4 $50.5 $92.8 $6.9 $— $196.3 (a)    Total consolidated revenue equals total reportable segment revenue of $2,847.7 million and $2,686.8 million for the three month periods ended March 31, 2025 and 2024, respectively, as there is no revenue recorded within Corporate results.(b)    For both of the three month periods ended March 31, 2025 and 2024, other segment items for each reportable segment includes general and administrative expenses, equity in earnings or losses of unconsolidated affiliates, net, and other income or expense, net.(c)    Recast to reflect segment changes.Three Months Ended March 31, EBITDA Reconciliation:20252024Income (loss) before income taxes$8.9 $(45.5)Plus:Interest expense, net39.0 52.1 Depreciation76.2 107.4 Amortization32.6 33.7 Corporate50.9 48.7 Segment EBITDA$207.7 $196.3 Three Months Ended March 31, Depreciation and Amortization:20252024 (a)Communications$16.1 $20.8 Clean Energy and Infrastructure27.7 32.3 Power Delivery37.1 46.9 Pipeline Infrastructure25.8 38.7 Other— — Corporate2.2 2.4 Consolidated depreciation and amortization$108.9 $141.1 (a)    Recast to reflect segment changes.

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