MASTEC INC (MTZ) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues:
Oil and Gas	341.8	256.5	341.2	211.0	335.2	858.4	621.4	725.5
Communications	868.7	806.6	822.0	664.2	681.8	670.3	630.4	568.6
Electrical Transmission						365.3
Other	1,663.6	1,521.6	1,138.6	1,079.2	792.4	510.3	710.9	481.3
Total revenues	2,874.1	2,584.7	2,301.8	1,954.4	1,809.4	2,404.3	1,962.7	1,775.4
Revenue growth [+]	24.9%	32.2%	17.3%	10.1%	10.5%	41.6%	25.1%	25.3%
Oil and Gas	0.2%	21.6%	-45.1%	-70.9%	-44.1%	85.6%	68.6%	102.0%
Communications	5.7%	21.4%	30.4%	16.8%	20.0%	3.9%	-3.7%	-11.7%
Electrical Transmission						184.3%
Cost of goods sold	42.0	41.9	27.7	25.6	22.7	23.4	19.9	11.2
Gross profit	2,832.1	2,542.7	2,274.1	1,928.8	1,786.7	2,381.0	1,942.7	1,764.2
Gross margin	98.5%	98.4%	98.8%	98.7%	98.7%	99.0%	99.0%	99.4%
Selling, general and administrative [+]	176.2	163.9	133.8	145.4	57.3	91.6	81.5	70.6
General and administrative	176.2	163.9	133.8	145.4	57.3	91.6	81.5	70.6
Other selling, general and administrative
Equity in earnings	7.5	9.2	6.6	6.8	10.2	8.7	7.5	7.3
Other operating expenses	2,587.8	2,466.7	2,115.1	1,818.5	1,642.8	2,152.7	1,762.7	1,593.1
Adjusted EBITDA	187.2	37.0	125.6	63.2	187.5	246.8	199.6	192.6
Adjusted EBITDA margin	6.5%	1.4%	5.5%	3.2%	10.4%	10.3%	10.2%	10.8%
Stock-based compensation	8.6	8.5	6.8	6.3	7.1	6.1	6.1	5.5
EBITDA [+]	178.6	28.5	118.8	56.9	180.3	240.7	193.5	187.1
EBITDA growth	50.4%	-50.0%	-38.6%	-69.6%	-28.4%	4.6%	38.7%	77.8%
EBITDA margin	6.2%	1.1%	5.2%	2.9%	10.0%	10.0%	9.9%	10.5%
Depreciation	60.9	65.3	87.0	85.2	60.8	72.1	87.5	79.3
EBITA	117.7	-36.9	31.8	-28.3	119.6	168.7	106.0	107.8
EBITA margin	4.1%	-1.4%	1.4%	-1.4%	6.6%	7.0%	5.4%	6.1%
Amortization of intangibles	42.1	41.9			22.7	23.3
EBIT [+]	75.6	-78.8	31.8	-28.3	96.9	145.4	106.0	107.8
EBIT growth	137.7%	178.3%	-70.0%	-126.3%	-44.7%	-8.5%	29.5%	106.7%
EBIT margin	2.6%	-3.0%	1.4%	-1.4%	5.4%	6.0%	5.4%	6.1%
Interest expense	59.4	52.7	19.4	16.0	14.0	13.1	13.8	12.5
Interest expense	59.4	52.7	19.4	16.0	14.0	13.1	13.8	12.5
Other income (expense), net	3.5	6.2	5.8	-3.8	9.0	7.8	10.6	0.1
Pre-tax income	19.7	-125.3	18.2	-48.1	91.8	140.0	102.8	95.4
Income taxes	2.9	-44.7	2.0	-13.1	15.4	27.6	27.1	29.3
Tax rate	14.9%	35.7%	10.9%	27.3%	16.8%	19.7%	26.3%	30.7%
Minority interest	1.2	0.0	0.0	0.0	-0.2	1.4	0.3	0.5
Net income	15.5	-80.5	16.2	-35.0	76.6	111.1	75.5	65.6
Net margin	0.5%	-3.1%	0.7%	-1.8%	4.2%	4.6%	3.8%	3.7%

Basic EPS [+]	$0.20	($1.05)	$0.22	($0.47)	$1.06	$1.53	$1.04	$0.91
Growth	-8.1%	123.7%	-79.1%	-151.6%	-32.0%	-5.1%	31.5%	87.0%
Diluted EPS [+]	$0.20	($1.05)	$0.21	($0.47)	$1.04	$1.50	$1.02	$0.89
Growth	-7.6%	123.7%	-79.0%	-152.6%	-32.5%	-5.8%	30.2%	85.0%

Shares outstanding (basic) [+]	77.6	77.0	74.4	74.8	72.5	72.5	72.5	72.4
Growth	4.3%	2.9%	2.7%	3.2%	-0.4%	0.5%	0.6%	-3.1%
Shares outstanding (diluted) [+]	78.4	77.0	75.5	74.8	73.9	74.0	74.0	73.8
Growth	3.8%	2.9%	2.1%	1.3%	0.3%	1.2%	1.6%	-2.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.