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 appointed Carmen M. Sabater as a director, effective March 28, 2022.
With extensive experience as Chief Financial Officer at Quirch Foods and prior roles at MasTec and Deloitte & Touche, she brings a strong financial background and leadership skills. Sabater is fluent in Spanish and has overseen integration strategies, enhancing her multicultural business perspective. Her term will last until the 2022 Annual Meeting of Shareholders.
Dycom Industries, Inc. (NYSE: DY) announced that its senior management will present at the New Street and BCG "Fiber to the Future" Global Infrastructure Virtual Conference on March 29, 2022, at 4:15 p.m. ET. The presentation will be in a virtual fireside chat format, and management will also engage in one-on-one meetings throughout the day. A live audio webcast will be available on Dycom's Investor Center website, with a replay accessible for about 30 days. Dycom offers specialized contracting services for telecommunications and utilities across the U.S.
Dycom Industries (NYSE: DY) will participate in the UBS 16th Annual Infrastructure Solutions Virtual Conference on March 23, 2022. The event will showcase senior management's insights, and presentation materials will be accessible for 30 days on Dycom's Investor Center website. Dycom is a premier provider of specialty contracting services across the U.S., offering a range of services for telecommunications and utility providers. To learn more, visit Dycom's Investor Center.
Dycom Industries has authorized a $150 million share repurchase program, replacing its previous $150 million initiative with $43.9 million remaining. The new program aims to support shareholder value by repurchasing shares over the next 18 months through open market or negotiated transactions, depending on market conditions. As of March 2, 2022, the company has 29,613,477 shares outstanding. This strategic move indicates confidence in future growth despite potential risks, including economic fluctuations and pandemic impacts.
Dycom Industries reported fourth quarter revenues of $761.5 million, reflecting a 10.1% organic increase compared to last year. GAAP net income reached $0.8 million, improving from a $4.2 million loss a year prior. For the fiscal year, total revenues were $3.131 billion, slightly down from $3.199 billion. The Non-GAAP Adjusted EBITDA was $244.3 million, a decrease from $311 million the previous year. The company plans for mid-to-high single digit revenue growth in the next quarter.
Dycom Industries will hold a conference call on March 2, 2022, at 9:00 a.m. Eastern time to discuss its fiscal 2022 fourth quarter results. The company will issue a press release with its results earlier that morning. A live webcast will be available at Dycom's Investor Center website, and interested participants can join by dialing (833) 519-1313 in the U.S. or (914) 800-3879 internationally, using conference ID 5248606. A replay will be available for 120 days after the event.
Dycom Industries, Inc. (NYSE: DY) has appointed Stephen C. Robinson as a new director, effective December 30, 2021. Robinson is a seasoned legal professional, previously serving as a U.S. District Judge and U.S. Attorney. His extensive background in government enforcement and compliance brings valuable insights to Dycom's board. Along with this appointment, the board has expanded from seven to eight members. Robinson's term will continue until the 2022 Annual Meeting of Shareholders, potentially enhancing strategic decision-making within the company.
Dycom Industries, Inc. (NYSE: DY) will participate in the 3rd Annual Truist Securities Industrials and Services Virtual Summit on December 7, 2021. Presentation materials will be accessible on Dycom's Investor Center website for 30 days post-event. Dycom is a leading provider of specialty contracting services across the U.S., offering solutions like program management, engineering, construction, and maintenance for telecommunications and utilities. For further inquiries, contact investor relations at investorrelations@dycomind.com or (561) 627-7171.
Dycom Industries, Inc. (NYSE: DY) announced its participation in the Credit Suisse 9th Annual Virtual Industrials Conference on December 2, 2021. Senior management will present, and materials from the conference will be accessible on Dycom's Investor Center website for 30 days. Dycom is a premier provider of specialty contracting services across the U.S., offering program management, engineering, construction, and maintenance services for telecommunications and utility sectors.
Dycom Industries, Inc. (NYSE: DY) will participate in the BofA Securities 2021 Virtual Leveraged Finance Conference on December 1, 2021. The company's senior management will present, and materials from the conference will be available on Dycom's Investor Center website for 30 days post-event. Dycom specializes in providing a range of specialty contracting services across the U.S., including program management, engineering, and construction for telecommunications and utility sectors.
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