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 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.
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.
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