MasTec — Jul 31, 2025 release

For the Year Ended December 31, 2024 For the Year Ended December 31, 2023 Net income (loss) $ 388 - 408 2.8 - 2.9% $ 199.4  1.6 % $ (47.3) (0.4) % Interest expense, net 168 1.2% 193.3  1.6 % 234.4  2.0 % Provision for (benefit from) income taxes 108 - 113  0.8% 51.5  0.4 % (35.4) (0.3) % Depreciation 302 - 307 2.2% 366.8  3.0 % 433.9  3.6 % Amortization of intangible assets 131 0.9% 139.9  1.1 % 169.2  1.4 % EBITDA $ 1,097 - 1,127 7.9 - 8.1% $ 950.8  7.7 % $ 754.9  6.3 % Non-cash stock-based compensation expense 35 0.2% 32.7  0.3 % 33.3  0.3 % Loss on extinguishment of debt — —  % 11.3  0.1 % —  — % Changes in fair value of acquisition-related contingent items (2) (0.0)% 10.7  0.1 % (13.9) (0.1) % Acquisition and integration costs — —  % —  — % 71.9  0.6 % Losses on fair value of investment — —  % —  — % 0.2  0.0 % Adjusted EBITDA $ 1,130 - 1,160 8.1 - 8.3% $ 1,005.6  8.2 % $ 846.4  7.1 % Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures (unaudited - in millions, except for percentages and per share information) Adjusted Net Income Reconciliation Guidance for the Year Ended December 31, 2025 Est. For the Year Ended December 31, 2024 For the Year Ended December 31, 2023 Net income (loss) $ 388 - 408 $ 199.4  $ (47.3) Adjustments: Non-cash stock-based compensation expense 35 32.7  33.3  Amortization of intangible assets 131 139.9  169.2  Loss on extinguishment of debt — 11.3  —  Changes in fair value of acquisition-related contingent items (2) 10.7  (13.9) Acquisition and integration costs — —  71.9  Losses on fair value of investment — —  0.2  Total adjustments, pre-tax $ 164 $ 194.6  $ 260.8  Income tax effect of adjustments (a) (37) (44.8) (74.0) Statutory and other tax rate effects (b) — (0.9) 4.6  Adjusted net income $ 515 - 535 $ 348.3  $ 144.1  Net income attributable to non-controlling interests 26 - 30 36.6  2.7  Adjusted net income attributable to MasTec, Inc. $ 489 - 505 $ 311.7  $ 141.4  Adjusted Diluted Earnings per Share Reconciliation Guidance for the Year Ended December 31, 2025 Est. For th