Company: MTZ
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000015615-25-000021
Chunk: 651

Company: MASTEC INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 651
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 compared with its peers, because it excludes certain items that may not be indicative of the Company’s core operating results for its reportable segments, as well as items that can vary widely across different industries or among companies within the same industry.  Segment EBITDA is used to allocate resources, such as employees, financial and capital resources, for each segment and management monitors segment results compared to prior period, forecasted results and the annual plan.  Segment EBITDA is calculated in a manner consistent with consolidated EBITDA.

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Summarized financial information for MasTec’s reportable segments is presented and reconciled to consolidated financial information for total MasTec in the following tables, including a reconciliation of consolidated income before income taxes to EBITDA, all of which are presented in millions.  The tables below, which may contain slight summation differences due to rounding, reflect certain financial data for each reportable segment.For the Years Ended December 31,Communications (a)Clean Energy and InfrastructurePower DeliveryPipeline InfrastructureOtherEliminationsTotal Reportable Segments2024:Revenue (b)$3,460.0 $4,092.1 $2,682.1 $2,133.6 $— $(64.3)$12,303.5 Costs of revenue, excluding depreciation and amortization3,033.4 3,639.8 2,357.0 1,689.7 — (64.2)10,655.7 Other segment items (c)92.9 195.3 137.4 54.5 (26.2)(0.1)453.7 EBITDA$333.7 $257.0 $187.7 $389.4 $26.2 $— $1,194.1 2023:Revenue (b)$3,259.5 $3,962.0 $2,735.1 $2,072.8 $— $(33.5)$11,995.9 Costs of revenue, excluding depreciation and amortization2,872.6 3,616.9 2,402.4 1,731.5 1.1 (32.7)10,591.8 Other segment items (c)117.7 212.7 124.9 56.9 (26.1)(0.8)485