MasTec — Feb 26, 2026 release

For the Year Ended December 31, 2025 For the Year Ended December 31, 2024 Net income $  566  3.3% $ 422.0  3.0  % $ 199.4  1.6  % Interest expense, net 170  1.0  % 173.0  1.2  % 193.3  1.6  % Provision for income taxes 179  1.1% 93.4  0.7  % 51.5  0.4  % Depreciation 350  2.1  % 295.9  2.1  % 366.8  3.0  % Amortization of intangible assets 147  0.9  % 131.2  0.9  % 139.9  1.1  % EBITDA $  1,412  8.3% $ 1,115.5  7.8  % $ 950.8  7.7  % Non-cash stock-based compensation expense 38  0.2  % 34.0  0.2  % 32.7  0.3  % Loss on extinguishment of debt —  —  % —  —  % 11.3  0.1  % Changes in fair value of acquisition-related contingent items — —% 0.7  0.0  % 10.7  0.1  % Adjusted EBITDA $  1,450 8.5% $ 1,150.1  8.0  % $ 1,005.6  8.2  % 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, 2026 Est. For the Year Ended December 31, 2025 For the Year Ended December 31, 2024 Net income $  566 $ 422.0  $ 199.4  Adjustments: Non-cash stock-based compensation expense 38  34.0  32.7  Amortization of intangible assets 147  131.2  139.9  Loss on extinguishment of debt —  —  11.3  Changes in fair value of acquisition-related contingent items —  0.7  10.7  Total adjustments, pre-tax $ 185  $ 165.9  $ 194.6  Income tax effect of adjustments (a) (44) (44.7) (44.8) Statutory and other tax rate effects (b) —  (5.0) (0.9) Adjusted net income $  707 $ 538.2  $ 348.3  Net income attributable to non-controlling interests 45  23.0  36.6  Adjusted net income attributable to MasTec, Inc. $ 662 $ 515.2  $ 311.7  Adjusted Diluted Earnings per Share Reconciliation Guidance for the Year Ended December 31, 2026 Est. For the Year Ended December 31, 2025 For the Year Ended December 31, 2024 Diluted earnings per share $ 6.62 $ 5.07  $ 2.