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) announced its participation in several upcoming investor conferences. On November 29, 2022, at 9:20 a.m. PT, the Company will present at the 6th Annual Wells Fargo TMT Summit in Las Vegas. Following this, on November 30, it will attend the Bank of America 2022 Leveraged Finance Conference in Boca Raton, FL. Finally, on December 1, Dycom will be part of the Credit Suisse 10th Annual Global Industrials Conference in Manalapan, FL. The Company will also offer opportunities for one-on-one meetings with institutional investors.
Dycom Industries reported strong third quarter results for the period ending October 29, 2022. Contract revenues reached $1.042 billion, showing a growth of 22.1% from $854 million a year earlier. The Non-GAAP Adjusted EBITDA was $114.6 million, or 11.0% of revenues, up from $83.1 million (9.7%). Net income stood at $54 million ($1.80 per diluted share), compared to $28.7 million ($0.94 per diluted share) in the previous year. For the nine months, revenues totaled $2.891 billion, a 22.2% increase year-over-year.
Dycom Industries, Inc. (NYSE: DY) will hold a conference call on November 22, 2022, at 9:00 a.m. ET to discuss its fiscal 2023 third-quarter results. A press release with the earnings report will be issued earlier that morning. Interested participants can register online for the call, while others can access a live audio webcast and accompanying slide presentation. The replay and related materials will be available on the Company's Investor Center website for 120 days following the event. Dycom specializes in contracting services for the telecommunications and utilities sectors.
Dycom Industries, Inc. (NYSE: DY) has appointed Jason T. Lawson as Vice President and Chief Human Resources Officer, effective immediately. With over 25 years of experience in human resources and leadership roles, Lawson will drive strategy for HR programs, talent acquisition, and employee retention. Previously, he served as Vice President of Human Resources at Installed Building Products. Lawson holds a Bachelor’s degree in Human Resources and the SHRM-SCP certification. Dycom specializes in telecommunications contracting services, including construction and maintenance.
Dycom Industries, a leader in specialty contracting services, will present at the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on September 22, 2022, at 3:30 p.m. CT. Their senior management will engage in a fireside chat format and will be available for one-on-one or group meetings with institutional investors. A live webcast of the event will be available on Dycom's Investor Center website, with a replay accessible for 30 days post-event. The company specializes in telecommunications and utility services across the U.S.
Dycom Industries reported strong second-quarter results for the period ending July 30, 2022. Contract revenues reached $972.3 million, representing a 23.5% increase year-over-year. Non-GAAP Adjusted EBITDA was $104.7 million, or 10.8% of revenues, compared to $73.8 million in the previous year. Net income was $43.9 million, equating to $1.46 per diluted share. Year-to-date revenues were $1.849 billion, with a notable organic growth of 22.3%. The company shares a positive outlook, anticipating revenue growth in the low- to mid-teens percentage range for the upcoming quarter.
Dycom Industries, Inc. (NYSE: DY) announced a conference call scheduled for August 24, 2022, at 9:00 a.m. Eastern time to discuss its fiscal 2023 second quarter results. A press release with the results will be issued earlier that morning. Interested participants can register for the call to engage in a question and answer session. A live audio webcast of the call will also be available, including a slide presentation. The related materials will be accessible on the Company's Investor Center website for 120 days post-event.
Dycom Industries (NYSE: DY) will participate in several upcoming investor conferences, aiming to engage with institutional investors. Key events include:
- June 2, 2022: KeyBanc Industrials & Basic Materials Conference, Boston, MA.
- June 8, 2022, 2:40 PM ET: UBS Global Industrials and Transportation Conference, New York, NY.
- June 9, 2022, 3:00 PM ET: Stifel Cross Sector Insight Conference, Boston, MA.
- June 14, 2022, 9:45 AM ET: Wells Fargo Streaming and Connectivity Conference, Austin, TX.
Fireside chat presentations will be webcast live, with replays available for 30 days.
Dycom Industries reported first-quarter results with contract revenues of $876.3 million, reflecting a 21.1% organic growth.
Non-GAAP Adjusted EBITDA reached $63.7 million, accounting for 7.3% of revenues, up from 6.1% a year prior. GAAP net income was $19.5 million, or $0.65 per diluted share, compared to $0.9 million the previous year. During the quarter, Dycom repurchased 200,000 shares for $18.5 million.
Looking ahead, the company expects mid-teens to 20% revenue growth for the next quarter.
Dycom Industries, Inc. (NYSE: DY) will host a conference call on May 25, 2022, at 9:00 a.m. Eastern to discuss its fiscal 2023 first quarter results. A press release will be issued earlier that day. Interested parties can access the conference via a live webcast available on the Company’s Investor Center website, or participate by phone using the provided dial-in numbers. A replay of the event will be accessible for about 120 days. Dycom specializes in various contracting services, including engineering, construction, and maintenance for telecommunications and utility providers.
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