MASTEC INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
MTZ$180.84-4.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations
(unaudited - in thousands, except per share amounts)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $2,686,849 | $2,584,659 |
| Costs of revenue, excluding depreciation and amortization | 2,379,672 | 2,359,494 |
| Depreciation | 107,435 | 107,247 |
| Amortization of intangible assets | 33,691 | 41,944 |
| General and administrative expenses | 165,536 | 163,914 |
| Interest expense, net | 52,059 | 52,693 |
| Equity in earnings of unconsolidated affiliates, net | (9,219) | (9,152) |
| Other expense (income), net | 3,213 | (6,201) |
| Loss before income taxes | $(45,538) | $(125,280) |
| Benefit from income taxes | 11,079 | 44,734 |
| Net loss | $(34,459) | $(80,546) |
| Net income (loss) attributable to non-controlling interests | 6,721 | (6) |
| Net loss attributable to MasTec, Inc. | $(41,180) | $(80,540) |
| Loss per share (Note 2): | ||
| Basic and diluted loss per share | $(0.53) | $(1.05) |
| Basic and diluted weighted average common shares outstanding | 77,942 | 76,984 |
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