HighGravityDataMasTec — Feb 27, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-040255
Showing in the filing
Net income (loss), % of revenue
“2.4 – 2.7%”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 23
Revenue for FY2025
“$13.45 billion”
Diluted earnings per share for FY2025
“$3.75 to $4.24”
Adjusted diluted earnings per share for FY2025
“$5.35 to $5.84”
GAAP net income for FY2025
“$327 to $366 million”
Adjusted EBITDA for FY2025
“$1.10 to $1.15 billion”
Adjusted EBITDA margin (% of revenue) for FY2025
“8.2 – 8.5%”
Revenue for Q1 FY2025
“approximately $2.7 billion”
GAAP net loss for Q1 FY2025
“$1 million”
GAAP diluted loss per share for Q1 FY2025
“$0.05”
Adjusted EBITDA for Q1 FY2025
“$160 million”
Adjusted EBITDA margin (% of revenue) for Q1 FY2025
“5.9% of revenue”
Net income (loss), % of revenue for FY2025
“2.4 – 2.7%”
EBITDA for FY2025
“$1,066 – 1,115”
EBITDA, % of revenue for FY2025
“7.9 – 8.3%”
Adjusted EBITDA for FY2025
“$1,100 –1,150”
Adjusted net income for FY2025
“$454 – 493”
Adjusted net income attributable to MasTec, … for FY2025
“$424 – 463”
Net loss, % of revenue for Q1 FY2025
“(0.0)%”
EBITDA for Q1 FY2025
“$152”
EBITDA, % of revenue for Q1 FY2025
“5.6%”
Adjusted net income (loss) for Q1 FY2025
“$30”
Adjusted net income (loss) attributable to M… for Q1 FY2025
“$27”
Adjusted diluted earnings per share for Q1 FY2025
“$0.34”
Exhibit 99.1 · the passage around this item
… earlier in the release
Calculation of Net Debt
December 31, 2024
December 31, 2023
Current portion of long-term debt, including finance leases
$
186.1
$
177.2
Long-term debt, including finance leases
2,038.0
2,888.1
Total Debt
$
2,224.1
$
3,065.3
Less: cash and cash equivalents
(399.9
)
(529.6
)
Net Debt
$
1,824.2
$
2,535.7
EBITDA and Adjusted EBITDA 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)
$
327 – 366
2.4 – 2.7
%
$
199.4
1.6
%
$
(47.3
)
(0.4
)%
Interest expense, net
170
1.3
%
193.3
1.6
%
234.4
2.0
%
Provision for (benefit from) income taxes
98 – 109
0.7 – 0.8
%
51.5
0.4
%
(35.4
)
(0.3
)%
Depreciation
340
2.5
%
366.8
3.0
%
433.9
3.6
%
Amortization of intangible assets
131
1.0
%
139.9
1.1
%
169.2
1.4
%
EBITDA
$
1,066 – 1,115
7.9 – 8.3
%
$
950.8
7.7
%
$
754.9
6.3
%
Non-cash stock-based compensation expense
34
0.3
%
32.7
0.3
%
33.3
0.3
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.