Dycom Inds Inc - DY STOCK NEWS

Dycom Industries (NYSE: DY) has announced a new $150 million stock repurchase program authorized by its Board of Directors. The program will run over the next 18 months, allowing the company to repurchase shares through open market purchases or privately-negotiated transactions, including under Rule 10b5-1 plan.

This new initiative replaces Dycom's previous $150 million repurchase program, which had approximately $55.0 million remaining. As of February 25, 2025, Dycom reported 28,979,138 outstanding common shares, excluding stock options and unvested restricted stock. The company maintains flexibility in the program's execution, with no obligation to acquire any specific amount of shares and the ability to suspend or discontinue at any time.

Dycom Industries (DY) reported strong fiscal 2025 fourth quarter and annual results. Q4 contract revenues increased 13.9% to $1.085 billion, with organic growth of 7.4%. Q4 Adjusted EBITDA reached $116.4 million, or 10.7% of revenues, while net income was $32.7 million ($1.11 per share).

For the full fiscal year 2025, contract revenues grew 12.6% to $4.702 billion, with organic growth of 6.8%. Annual Adjusted EBITDA increased to $576.3 million (12.3% of revenues), and net income reached $233.4 million ($7.92 per share). The company generated Operating Cash Flow of $349.1 million, up 34.8%.

During FY2025, Dycom repurchased 410,000 shares for $65.6 million. Looking ahead to fiscal 2026, the company expects total contract revenues to increase 10% to 13% compared to fiscal 2025, with an additional week of operations in Q4.

Dycom Industries (NYSE: DY) has announced its participation in three major investor conferences in March 2025. The company will attend the 46th Annual Raymond James Institutional Investor Conference in Orlando on March 3, featuring a fireside chat presentation at 8:05 a.m. ET. On March 11, they will join the Deutsche Bank Annual Media, Internet & Telecom Conference in Palm Beach. Additionally, they will participate in the TD Cowen 4th Annual Fiber-to-the-Home Symposium virtually on March 20, with a fireside chat scheduled for 12:00 p.m. ET.

Senior management will engage in one-on-one and group meetings with investors at both in-person events. The fireside chat presentations will be available via live audio webcast through Dycom's Investor Relations website, with replays accessible for approximately 90 days after each event.

Dycom Industries (NYSE: DY) has appointed Jill L. Ramshaw as Vice President and Chief Human Resources Officer. Ramshaw brings over 20 years of strategic HR and cross-functional leadership experience to the role, where she will lead the company's human resources organization and advance its human capital strategy.

Ramshaw joins Dycom from Marathon Oil , where she most recently served as Senior Vice President of Human Resources, having held various HR leadership roles since 2011. Previously, she spent over 8 years in HR roles at Subsea7. She holds a Master's degree in Psychology from the University of Aberdeen and an HR Management diploma from Robert Gordon University.

CEO Dan Peyovich emphasized that Ramshaw's experience in driving talent strategies and fostering high-performance cultures will be important as Dycom strengthens its workforce to meet growing industry demands.

Dycom Industries (NYSE: DY) has announced it will host a conference call on Wednesday, February 26, 2025, at 9:00 a.m. ET to discuss its fiscal 2025 fourth quarter and annual results. The company will release its financial results earlier that morning. Interested participants can join the Q&A session by registering online to receive a dial-in number and PIN. A live listen-only audio webcast with slide presentation will be available for other attendees. The webcast replay and related materials will be accessible on Dycom's Investor Center website for approximately 120 days after the event.

Dycom Industries (NYSE: DY) has announced its participation in multiple investor conferences in December 2024. President and incoming CEO Dan Peyovich and CFO Drew DeFerrari will attend five major conferences: the Wells Fargo TMT Summit, Bank of America Leveraged Finance Conference, UBS Global Industrials and Transportation Conference, UBS Global Media and Communications Conference, and Raymond James TMT and Consumer Conference.

The executives will participate in fireside chats, panel discussions, and investor meetings across these events. Notably, Peyovich will join an FTTH Panel discussion on deployment acceleration. All fireside chat presentations will be available via live audio webcast on Dycom's Investor Center website, with replays accessible for approximately 90 days.

Dycom Industries reported strong fiscal 2025 third quarter results with contract revenues increasing 12.0% to $1.272 billion. The company's organic revenue growth was 7.6%, excluding acquired businesses and storm restoration services. Non-GAAP Adjusted EBITDA rose to $170.7 million, representing 13.4% of contract revenues. Non-GAAP Adjusted Net Income increased to $79.2 million, or $2.68 per diluted share. For the upcoming quarter ending January 25, 2025, Dycom expects mid- to high single-digit revenue growth and a 25 basis point increase in Adjusted EBITDA margin compared to the prior year.

Dycom Industries (NYSE: DY) has announced it will host a conference call on Wednesday, November 20, 2024, at 9:00 a.m. ET to discuss its fiscal 2025 third quarter results. The company will release its earnings report earlier that morning. Participants can join the Q&A session by registering online to receive dial-in details. A live audio webcast with slide presentation will be available for other attendees. The webcast replay and related materials will be accessible on Dycom's Investor Center website for approximately 120 days after the event.

Dycom Industries, Inc. (NYSE: DY) has announced its participation in three upcoming investor conferences in August and September 2024. These include:

• Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 27
• Bank of America 2024 Media, Communications and Entertainment Conference in New York on September 5
• D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference in Nashville on September 19

CEO Steve Nielsen will present at the latter two events in fireside chat formats. Senior management will engage in one-on-one and group meetings with investors at all three conferences. Live audio webcasts of the fireside chats will be available on Dycom's Investor Center website, with replays accessible for approximately 90 days after the events.