Welcome to our dedicated page for Dycom Inds news (Ticker: DY), a resource for investors and traders seeking the latest updates and insights on Dycom Inds 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 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.
Dycom Industries, Inc. will host a conference call to discuss fiscal 2025 first quarter results on May 22, 2024. Interested parties can join the Q&A session by registering online. A live webcast will be available for all other attendees, with a replay option on the Company's Investor Center website.
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