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
Share repurchase authorization
“$250 million”
Period
No period stated
Measure
Declared action
Source
Prose
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
“We also completed $37 million of share repurchases in the first quarter, with additional purchases in April exhausting the
outstanding authorization and bringing the year-to-date total to $77 million at an average price of $110 per share. Our board also authorized an additional
$250 million repurchase program today and we will continue to be opportunistic in repurchasing shares of MasTec stock.”
First Quarter 2025 Results
Dollars in millions, unless noted
1Q’25
1Q’24
Change
Revenue
$
2,848
$
2,687
6.0
%
GAAP net income (loss)
$
12
$
(34
)
NM
Adjusted net income (loss)
$
42
$
(7
)
NM
Adjusted EBITDA
$
164
$
153
7.1
%
Adjusted EBITDA margin
5.7
%
5.7
%
6 bps
GAAP diluted earnings (loss) per share
$
0.13
$
(0.53
)
NM
Adjusted diluted earnings (loss) per share
$
0.51
$
(0.17
)
NM
Cash provided by operating activities
$
78
$
108
(27.3
)%
Free cash flow
$
45
$
93
(51.8
)%
18-month backlog
$
15,880
$
12,837
23.7
%
NM - Percentage is
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.