MASTEC INC
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 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 June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $2,961,086 | $2,874,115 | $5,647,935 | $5,458,774 |
| Costs of revenue, excluding depreciation and amortization | 2,540,447 | 2,484,780 | 4,920,119 | 4,844,274 |
| Depreciation | 102,141 | 103,038 | 209,576 | 210,285 |
| Amortization of intangible assets | 33,611 | 42,043 | 67,301 | 83,987 |
| General and administrative expenses | 167,081 | 176,155 | 332,618 | 340,069 |
| Interest expense, net | 50,571 | 59,415 | 102,630 | 112,108 |
| Equity in earnings of unconsolidated affiliates, net | (5,892) | (7,496) | (15,111) | (16,648) |
| Loss on extinguishment of debt | 11,344 | — | 11,344 | — |
| Other (income) expense, net | (1,329) | (3,508) | 1,884 | (9,709) |
| Income (loss) before income taxes | $63,112 | $19,688 | $17,574 | $(105,592) |
| (Provision for) benefit from income taxes | (19,344) | (2,934) | (8,265) | 41,800 |
| Net income (loss) | $43,768 | $16,754 | $9,309 | $(63,792) |
| Net income attributable to non-controlling interests | 9,780 | 1,212 | 16,501 | 1,206 |
| Net income (loss) attributable to MasTec, Inc. | $33,988 | $15,542 | $(7,192) | $(64,998) |
| Earnings (loss) per share (Note 2): | ||||
| Basic earnings (loss) per share | $0.44 | $0.20 | $(0.09) | $(0.84) |
| Basic weighted average common shares outstanding | 78,038 | 77,635 | 77,984 | 77,306 |
| Diluted earnings (loss) per share | $0.43 | $0.20 | $(0.09) | $(0.84) |
| Diluted weighted average common shares outstanding | 78,860 | 78,372 | 77,984 | 77,306 |
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