MasTec — Feb 26, 2026 release

For the Year Ended December 31, 2025 For the Year Ended December 31, 2024 Diluted earnings per share $ 6.62 $ 5.07  $ 2.06  Adjustments: Non-cash stock-based compensation expense 0.48  0.43  0.41  Amortization of intangible assets 1.86  1.67  1.77  Loss on extinguishment of debt —  —  0.14  Changes in fair value of acquisition-related contingent items —  0.01  0.14  Total adjustments, pre-tax $ 2.34  $ 2.11  $ 2.47  Income tax effect of adjustments (a) (0.56) (0.57) (0.57) Statutory and other tax rate effects (b) —  (0.06) (0.01) Adjusted diluted earnings per share $  8.40 $ 6.55  $ 3.95  (a)    Represents the tax effects of the adjusted items that are subject to tax, including the tax effects of non-cash stock-based compensation expense, including from share-based payment awards. Tax effects are determined based on the tax treatment of the related item, the incremental statutory tax rate of the jurisdictions pertaining to the adjustment, and their effects on pre-tax income. (b)    Represents the effects of statutory and other tax rate changes for the three months and years ended December 31, 2025 and 2024. Supplemental Disclosures and Reconciliation of Non-GAAP Disclosures (unaudited - in millions, except for percentages and per share information) EBITDA and Adjusted EBITDA Reconciliation Guidance for the Three Months Ended March 31, 2026 Est. For the Three Months Ended March 31, 2025 Net income $ 55  1.6% $ 12.3  0.4  % Interest expense, net 44  1.3  % 39.0  1.4  % Provision for (benefit from) income taxes 17 0.5% (3.4) (0.1) % Depreciation 84  2.4  % 76.2  2.7  % Amortization of intangible assets 37  1.1  % 32.6  1.1  % EBITDA $ 237  6.8  % $ 156.8  5.5  % Non-cash stock-based compensation expense 8  0.2  % 6.9  0.2  % Changes in fair value of