MASTEC INC
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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, 2026 · Filed Apr 30, 2026
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Earnings Per Share
Note 2 –Earnings Per Share
Basic earnings per share is computed by dividing net income attributable to MasTec by the weighted average number of common shares outstanding for the period, which excludes non-participating unvested restricted share awards. Diluted earnings per share is computed by dividing net income attributable to MasTec by the weighted average number of fully diluted shares, as calculated primarily under the treasury stock method, which includes the potential effect of dilutive common stock equivalents, such as issued but unvested restricted shares.
The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Net income attributable to MasTec: | ||
| Net income - basic and diluted | $60,840 | $9,903 |
| Weighted average shares outstanding: | ||
| Weighted average shares outstanding - basic | 77,950 | 78,192 |
| Dilutive common stock equivalents (a) | 834 | 860 |
| Weighted average shares outstanding - diluted | 78,784 | 79,052 |
(a) For the three months ended March 31, 2026 and 2025, anti-dilutive common stock equivalents totaled approximately 31,000 and 55,000, respectively.
Share Repurchases. There wereno share repurchases under the Company’s share repurchase program for the three months ended March 31, 2026. For the three months ended March 31, 2025, the Company repurchased 332,565 shares of its common stock, the effect of which on the Company’s weighted average shares outstanding for the related period was minimal. See Note 10 – Stockholders' Equity for details of the Company’s share repurchase transactions.
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