Welcome to our dedicated page for Dycom Industries news (Ticker: DY), a resource for investors and traders seeking the latest updates and insights on Dycom Industries stock.
Dycom Industries, Inc. (NYSE: DY) is a prominent provider of specialty contracting services within the telecommunications infrastructure and utility sectors across the United States. With over 12,000 skilled employees operating from more than 500 field offices, Dycom delivers a comprehensive range of services. These include program management, planning, engineering and design, as well as aerial, underground, and wireless construction. The company also excels in maintenance and fulfillment services, ensuring robust support for telecommunications providers.
Dycom's service portfolio extends to underground facility locating services for various utilities, covering telecommunications, electric, and gas sectors. The company's expertise spans the placement and splicing of fiber, copper, and coaxial cables, as well as other construction and maintenance tasks vital for modern infrastructure. Known for its unparalleled scope and scale, Dycom's operations are critical to maintaining and upgrading the nation's telecom and utility infrastructure.
Recent financial performance underscores Dycom's growth and stability. For the second quarter ended July 29, 2023, contract revenues surged to $1.042 billion, marking a 7.1% increase from the previous year. Non-GAAP Adjusted EBITDA also rose to $130.8 million, or 12.6% of contract revenues, reflecting a robust financial condition.
Key partnerships and ongoing projects further solidify Dycom's market position. The company's strategic collaborations with leading telecom providers enable it to deliver cutting-edge solutions and maintain a competitive edge. Dycom's commitment to innovation and excellence is evident in its continuous efforts to enhance service quality and operational efficiency.
The company's outlook for future quarters remains positive, with anticipated organic contract revenues and an increase in Non-GAAP Adjusted EBITDA percentages. This forward momentum is supported by Dycom's strategic acquisitions and consistent share repurchase programs, aimed at delivering long-term value to shareholders.
For the latest updates, financial results, and news, Dycom Industries offers resources such as conference calls, webcasts, and detailed financial presentations available on their Investor Center website.
Dycom Industries (NYSE: DY) has announced its participation in multiple investor conferences in December 2024. President and incoming CEO Dan Peyovich and CFO Drew DeFerrari will attend five major conferences: the Wells Fargo TMT Summit, Bank of America Leveraged Finance Conference, UBS Global Industrials and Transportation Conference, UBS Global Media and Communications Conference, and Raymond James TMT and Consumer Conference.
The executives will participate in fireside chats, panel discussions, and investor meetings across these events. Notably, Peyovich will join an FTTH Panel discussion on deployment acceleration. All fireside chat presentations will be available via live audio webcast on Dycom's Investor Center website, with replays accessible for approximately 90 days.
Dycom Industries reported strong fiscal 2025 third quarter results with contract revenues increasing 12.0% to $1.272 billion. The company's organic revenue growth was 7.6%, excluding acquired businesses and storm restoration services. Non-GAAP Adjusted EBITDA rose to $170.7 million, representing 13.4% of contract revenues. Non-GAAP Adjusted Net Income increased to $79.2 million, or $2.68 per diluted share. For the upcoming quarter ending January 25, 2025, Dycom expects mid- to high single-digit revenue growth and a 25 basis point increase in Adjusted EBITDA margin compared to the prior year.
Dycom Industries (NYSE: DY) has announced it will host a conference call on Wednesday, November 20, 2024, at 9:00 a.m. ET to discuss its fiscal 2025 third quarter results. The company will release its earnings report earlier that morning. Participants can join the Q&A session by registering online to receive dial-in details. A live audio webcast with slide presentation will be available for other attendees. The webcast replay and related materials will be accessible on Dycom's Investor Center website for approximately 120 days after the event.
Dycom Industries, Inc. (NYSE: DY) has announced its participation in three upcoming investor conferences in August and September 2024. These include:
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 27
- Bank of America 2024 Media, Communications and Entertainment Conference in New York on September 5
- D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference in Nashville on September 19
CEO Steve Nielsen will present at the latter two events in fireside chat formats. Senior management will engage in one-on-one and group meetings with investors at all three conferences. Live audio webcasts of the fireside chats will be available on Dycom's Investor Center website, with replays accessible for approximately 90 days after the events.
Dycom Industries, Inc. (NYSE: DY) has announced the acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business. This strategic move strengthens Dycom's customer base and expands its geographic reach, positioning the company to better capitalize on growth opportunities in wireless network modernization, including Open RAN transformation initiatives. The acquired business primarily operates in nine states across the Northeast, Midwest, and Western United States.
The acquisition is expected to make a significant financial impact, with projected contract revenues of $250 million to $275 million for fiscal 2026. This move aligns with Dycom's focus on enhancing its capabilities in wireless construction services and broadening its market presence in the rapidly evolving telecommunications infrastructure sector.
Dycom Industries, Inc. (NYSE: DY) reported strong fiscal 2025 second quarter results, with contract revenues increasing 15.5% to $1.203 billion. Organic growth was 9.2%, excluding $65.9 million from acquired businesses. Non-GAAP Adjusted EBITDA rose to $158.3 million, or 13.2% of contract revenues. GAAP net income increased to $68.4 million, or $2.32 per diluted share. Non-GAAP Adjusted Net Income was $72.5 million, or $2.46 per diluted share.
For the six months ended July 27, 2024, contract revenues grew 12.4% to $2.345 billion, with organic growth of 5.8%. The company expects mid- to high single-digit revenue growth for the next quarter, with Non-GAAP Adjusted EBITDA margin expected to increase by 25 to 50 basis points compared to the prior year period.
Dycom Industries, Inc. (NYSE: DY) has announced a conference call to discuss its fiscal 2025 second quarter results on Wednesday, August 21, 2024, at 9:00 a.m. ET. The company will release its financial results earlier that morning. Interested parties can participate in the Q&A session by registering online, while others can access a live audio webcast with accompanying slides. The call will provide insights into Dycom's financial performance and potential future outlook. A replay of the webcast and related materials will be available on the company's Investor Center website for approximately 120 days after the event, allowing stakeholders to review the information at their convenience.
Dycom Industries announced that CEO Steven E. Nielsen will retire on November 30, 2024, after 25 years of service. Executive Vice President and COO Daniel S. Peyovich will succeed him as CEO and President, effective immediately for the latter role. Nielsen will remain as CEO and Chair until his retirement. Richard K. Sykes, the current Lead Independent Director, will become the next Chairman. Under Nielsen's leadership, Dycom saw significant growth, with revenue increasing from $3.1 billion in FY2021 to $4.2 billion in FY2024 and Adjusted EBITDA growing 62% to $505 million. Peyovich, with extensive industry experience, has been credited with substantial operational improvements and is poised to continue Dycom's growth trajectory.
Dycom Industries (NYSE: DY) announced it will participate in several investor conferences:
- May 29, 2024: KeyBanc Industrials and Basic Materials Conference in Boston, MA, with senior management available for meetings.
- June 4, 2024: UBS Reshoring and Infrastructure Conference in New York, NY, with senior management available for meetings.
- June 5, 2024: Stifel 2024 Cross Sector Insight Conference in Boston, MA, featuring a fireside chat by CEO Steve Nielsen at 9:45 a.m. ET, along with senior management meetings. The fireside chat will be webcasted live and available for replay for 90 days on Dycom's Investor Center website.
Dycom Industries (NYSE: DY) reported its fiscal 2025 Q1 results with contract revenues of $1.142 billion, a 9.3% increase from the previous year. Organic revenues rose 2.5%. Non-GAAP Adjusted EBITDA grew to $130.9 million, or 11.5% of revenues. Net income was $62.6 million, or $2.12 per share, up from $51.5 million, or $1.73 per share, in the prior year. The company repurchased 210,000 shares for $29.8 million. For Q2, DY expects organic revenue growth in high-single digits and $70 million from acquired businesses, with EBITDA margins improving by 25 to 75 basis points.
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