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MasTec — May 1, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-110270
Open on SEC.gov ↗
Showing in the filing
Adjusted diluted earnings per share
“$5.90 - 6.25”
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   Diluted earnings (loss) per share    $ 4.28 - 4.63     $ 2.06     $ (0.64 )  Adjustments:        Non-cash stock-based compensation expense      0.44       0.41       0.43   Amortization of intangible assets      1.66       1.77       2.16   Loss on extinguishment of debt      —        0.14       —    Changes in fair value of acquisition-related contingent items      (0.00 )      0.14       (0.18 )  Acquisition and integration costs      —        —        0.92   Losses on fair value of investment      —        —        0.00                            Total adjustments, pre-tax    $ 2.10     $ 2.47     $ 3.33   Income tax effect of adjustments (a)      (0.49 )      (0.57 )      (0.94 )  Statutory and other tax rate effects (b)      —        (0.01 )      0.06                            Adjusted diluted earnings per share    $ 5.90 - 6.25     $ 3.95     $ 1.81                              (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 (loss). (b) Represents the effects of statutory and other tax rate changes for the years ended December 31, 2024 and 2023.      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 June 30, 2025 Est.     For the Three Months Ended June 30, 2024   Net income    $ 81 - 88        2.4 -2.6 %    $ 43.8        1.5 %  Interest expense, net      44        1.3
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.