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 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.
Dycom Industries, Inc. (NYSE: DY) will present at the Wells Fargo 5th Annual TMT Summit on November 30, 2021, at 8:00 a.m. ET. The presentation will be in a virtual fireside chat format, accompanied by one-on-one meetings throughout the day. Investors can access a live audio webcast on Dycom's Investor Center webpage, with a replay available for 30 days. Dycom provides specialty contracting services for telecommunications and other utilities, including management, engineering, construction, and maintenance services.
Dycom Industries reported third quarter fiscal 2022 results with contract revenues of $854.0 million, up 6.6% from last year. However, Non-GAAP Adjusted EBITDA decreased to $83.1 million (9.7% of revenues). GAAP net income was $28.7 million or $0.94 per share, down from $33.9 million or $1.05 per share year-over-year. Year-to-date, contract revenues fell 3.1% to $2.369 billion, with Non-GAAP Adjusted Net Income decreasing to $46.2 million. For Q4, guidance suggests modest revenue growth from $691.8 million.
Dycom Industries (NYSE: DY) will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021. Senior management will share insights related to the company’s operations and strategies. Presentation materials will be accessible for 30 days in the Investor Center. Dycom specializes in contracting services across the U.S., including planning, engineering, construction, and maintenance for telecommunications and utility sectors.
Dycom Industries, Inc. (NYSE: DY) reported a 4.4% decrease in second-quarter revenues, totaling $787.6 million for the period ending July 31, 2021, compared to $823.9 million in the same quarter of 2020. Net income fell to $18.2 million or $0.59 per share diluted, down from $37 million or $1.15 per share. Year-to-date revenues also declined by 7.8% to $1.515 billion. Despite a robust cash position of $261.9 million, the company anticipates a decrease in Non-GAAP Adjusted EBITDA as a percentage of revenues in the upcoming quarter.
Dycom Industries, Inc. (NYSE: DY) will conduct a conference call to discuss its fiscal 2022 second quarter results on September 1, 2021, at 9:00 a.m. Eastern time. A press release detailing these results will be issued earlier that morning. Interested parties can join the call by dialing (833) 519-1313 for the US or (914) 800-3879 internationally, using conference ID 5058909. The call and materials will be available at Dycom's Investor Center website for those who cannot attend live.
FAQ
What is the current stock price of Dycom Inds (DY)?
What is the market cap of Dycom Inds (DY)?
What services does Dycom Industries, Inc. provide?
How many employees does Dycom Industries have?
What were Dycom's financial results for the second quarter of 2023?
What are Dycom's current projects and partnerships?
What is the outlook for Dycom's future performance?
Where can I find the latest updates and financial results for Dycom?
How does Dycom ensure service quality and operational efficiency?
What types of utilities does Dycom provide underground facility locating services for?
What are the recent milestones achieved by Dycom Industries?
How can investors participate in Dycom's conference calls?
