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MasTec MTZ

Mastec reported $160.66 million net income for Q3 2025.

Form
10-Q
Filed
Importance
Notable
  1. Revenue: $3.97 billion for the three months ended Sep 30, 2025
  2. Net income: $160.66 million for the three months ended Sep 30, 2025
  3. Diluted EPS: $2.04 for the three months ended Sep 30, 2025
  4. Cash and equivalents: $231.42 million at Sep 30, 2025

Written from the 10-Q on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

0 of 5 claims matched the filing text.

Not found in the filing text

  • For the quarter ended September 30, 2026, MASTEC INC reported: Revenue $5.2 billion.
  • Net income $150.6 million.
  • Operating margin 5.3%.
  • Net margin 2.9%.
  • Revenue change from a year earlier +29.9%.

From the filing

Item 1

Item 1

Financial Statements (Unaudited)

3

Consolidated Statements of Operations

3

Consolidated Statements of Comprehensive Income

4

Consolidated Balance Sheets

5

Consolidated Statements of Equity

6

Consolidated Statements of Cash Flows

8

Notes to Consolidated Financial Statements (Unaudited)

9

1.

Business, Basis of Presentation and Significant Accounting Policies

9

2.

Earnings Per Share

11

3.

Acquisitions, Goodwill and Other Intangible Assets, Net

12

4.

Fair Value of Financial Instruments

14

5.

Accounts Receivable, Net of Allowance, and Contract Assets and Liabilities

15

6.

Debt

16

7.

Lease Obligations

18

8.

Stockholders' Equity

19

9.

Income Taxes

20

10.

Segments and Related Information

20

11.

Commitments and Contingencies

23

12.

Related Party Transactions

24

ITEM 1. FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS MASTEC, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited - in thousands, except per share amounts)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2025 2024 2025 2024 Revenue $ 3,966,948 $ 3,252,427 $ 10,359,371 $ 8,900,362 Costs of revenue, excluding depreciation and amortization 3,429,199 2,789,274 9,074,981 7,709,393 Depreciation 71,837 80,193 217,996 289,769 Amortization of intangible assets 32,719 34,368 98,042 101,669 General and administrative expenses 181,049 168,874 523,873 501,491 Interest expense, net 45,444 47,048 128,337 149,678 Equity in earnings of unconsolidated affiliates, net ( 6,555 ) ( 7,042 ) ( 23,911 ) ( 22,153 )

Loss on extinguishment of debt — — — 11,344

Other expense (income), net 1,633 2,754 ( 1,306 ) 4,639 Income before income taxes $ 211,622 $ 136,958 $ 341,359 $ 154,532 Provision for income taxes ( 45,125 ) ( 31,548 ) ( 72,401 ) ( 39,813 ) Net income $ 166,497 $ 105,410 $ 268,958 $ 114,719 Net income attributable to non-controlling interests 5,837 10,170 12,629 26,671 Net income attributable to MasTec, Inc. $ 160,660 $ 95,240 $ 256,329 $ 88,048

Earnings per share (Note 2):

Basic earnings per share

$ 2.07 $ 1.22 $ 3.29 $ 1.13 Basic weighted average common shares outstanding 77,702 78,044 77,857 78,004 Diluted earnings per share $ 2.04 $ 1.21 $ 3.26 $ 1.12 Diluted weighted average common shares outstanding 78,648 78,913 78,672 78,801

The accompanying notes are an integral part of these consolidated financial statements.

3

MASTEC, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited - in thousands)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2025 2024 2025 2024 Net income $ 166,497 $ 105,410 $ 268,958 $ 114,719 Other comprehensive loss, net of tax: Foreign currency translation (losses) gains ( 1,604 ) ( 280 ) 2,925 ( 1,659 ) Unrealized losses on investment activity ( 977 ) ( 6,967 ) ( 5,701 ) ( 4,120 ) Comprehensive income $ 163,916 $ 98,163 $ 266,182 $ 108,9

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