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
Adjusted net income
“$454 – 493”
Period
FY2025
Measure
Company-defined measure
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
For the Year Ended December 31, 2024
For the Year Ended December 31, 2023
Net income (loss)
$
327 – 366
$
199.4
$
(47.3
)
Adjustments:
Non-cash stock-based compensation expense
34
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
(0
)
10.7
(13.9
)
Acquisition and integration costs
—
—
71.9
Losses on fair value of investment
—
—
0.2
Total adjustments, pre-tax
$
165
$
194.6
$
260.8
Income tax effect of adjustments (a)
(38
)
(44.8
)
(74.0
)
Statutory and other tax rate effects
(b)
—
(0.9
)
4.6
Adjusted net income
$
454 – 493
$
348.3
$
144.1
Net income attributable to non-controlling
interests
30
36.6
2.7
Adjusted net income attributable to MasTec, Inc.
$
424 – 463
$
311.7
$
141.4
Adjusted Diluted Earnings per Share Reconciliation
Guidance for the Year Ended December 31, 2025 Est.
For the Year Ended December 31, 2024
For the Year Ended December 31, 2023
Diluted earnings (loss) per share
$
3.75 – 4.24
$
2.06
$
(0.64
)
Adjustments:
Non-cash stock-based compensation expense
0.43
0.41
0.43
Amortization of intangible assets
1.65
1.77
2.16
Loss on extinguishment of debt
—
0.14
—
Changes in fair value of acquisition-related contingent items
(0.00
)
0.14
(0.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.