Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table provides details underlying the Company’s earnings per share calculations for the periods indicated (in thousands):

	For the Three Months Ended March 31,
	2024		2023
Net loss attributable to MasTec:
Net loss - basic and diluted (a)	$	(41,180)	$	(80,540)
Weighted average shares outstanding:
Weighted average shares outstanding - basic(b)	77,942		76,984
Dilutive common stock equivalents (c)	—		—
Weighted average shares outstanding - diluted	77,942		76,984

(a)Calculated as total net income less amounts attributable to non-controlling interests.

(b)For the three month periods ended March 31, 2024 and 2023, basic shares include approximately 88,000 and 99,000 weighted average shares, respectively, related to additional contingent payments. See Note 3 - Acquisitions, Goodwill and Other Intangible Assets, Net, for additional information.

(c)For the three month periods ended March 31, 2024 and 2023, anti-dilutive common stock equivalents totaled approximately 727,000 and 1,330,000, respectively.