HighGravityDataMasTec — May 1, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-110270
Showing in the filing
Adjusted EBITDA
“$1,120 - 1,160”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 17
Adjusted Diluted EPS increase for FY2025
“increased ~9% from prior midpoint of guidance”
Repurchase program
“$250 million”
Share repurchase authorization
“$250 million”
Revenue for Q2 FY2025
“$3,400”
Revenue for FY2025
“$13,650”
GAAP net income for Q2 FY2025
“$81 - 88”
Adjusted net income for Q2 FY2025
“$113 - 120”
Adjusted EBITDA for Q2 FY2025
“$270 - 280”
Adjusted EBITDA margin for Q2 FY2025
“7.9 - 8.2%”
Adjusted EBITDA margin for FY2025
“8.2 - 8.5%”
GAAP diluted earnings per share for Q2 FY2025
“$0.95 - 1.05”
Adjusted diluted earnings per share for Q2 FY2025
“$1.36 - 1.46”
GAAP net income for FY2025
“$366 - 397”
Adjusted EBITDA for FY2025
“$1,120 - 1,160”
Adjusted net income for FY2025
“$493 - 524”
GAAP diluted earnings per share for FY2025
“$4.28 - 4.63”
Adjusted diluted earnings per share for FY2025
“$5.90 - 6.25”
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)
$
366 - 397
2.7 - 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
101 - 110
0.7 - 0.8
%
51.5
0.4
%
(35.4
)
(0.3
)%
Depreciation
320
2.3
%
366.8
3.0
%
433.9
3.6
%
Amortization of intangible assets
131
1.0
%
139.9
1.1
%
169.2
1.4
%
EBITDA
$
1,085 - 1,125
8.0 - 8.2
%
$
950.8
7.7
%
$
754.9
6.3
%
Non-cash stock-based compensation expense
35
0.3
%
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
(0
)
(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
$
1,120 - 1,160
8.2 - 8.5
%
$
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)
$
366 - 397
$
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
(0
)
10.7
(13.9
)
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.