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, Inc. (NYSE: DY) has announced its participation in several upcoming investor conferences. On March 23, 2023, it will attend the UBS 17th Annual Infrastructure and E&C Conference in Dallas, TX. Following this, on March 28, 2023, at 4:15 p.m. ET, it will hold a virtual fireside chat at the 2nd Annual New Street Research and BCG Fiber-to-the-Future Conference. Finally, on April 4, 2023, at 3:00 p.m. ET, another virtual presentation will occur at the 2nd Annual Cowen Fiber-to-the-Home Symposium. These sessions will be accessible via Dycom's Investor Center website, with replays available for 30 days.
Dycom Industries reported strong fourth quarter results for the fiscal year ended January 28, 2023. Contract revenues reached $917.5 million, marking a 20.5% increase from $761.5 million in the same period last year. The company's Non-GAAP Adjusted EBITDA was $83.1 million, or 9.1% of contract revenues, up from $43.3 million or 5.7%. Net income soared to $24.8 million, translating to $0.83 per share, compared to $0.8 million or $0.03 per share a year prior. For the fiscal year, revenues totaled $3.808 billion, a 21.8% organic growth. The company also announced share buybacks totaling 514,030 shares for $48.7 million.
Dycom Industries, Inc. (NYSE: DY) has announced a conference call to discuss its fiscal 2023 fourth quarter results on March 1, 2023, at 9:00 a.m. Eastern time. A press release with the results will be issued earlier that morning. Interested participants can register for the Q&A session via a provided link to receive a dial-in number and unique PIN. For those who cannot attend, a live audio webcast will be available alongside a slide presentation. The replay and related materials will be accessible on the Company's Investor Center website for 120 days post-event.
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