Dycom Industries, Inc. reports developments tied to its specialty contracting services for telecommunications, digital infrastructure and utility customers in the United States. Its Communications segment covers program management, planning, engineering and design, aerial, underground and wireless construction, maintenance, and fulfillment services for telecommunications and digital infrastructure providers.
Dycom news also covers operating results, fiscal outlooks, contract revenue trends, investor conference participation, executive and board appointments, and workforce training initiatives. The company’s Building Systems segment provides electrical, energy management, security and fire safety systems for data centers and other critical facilities, including the acquired Power Solutions business following the completed transaction.
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.
Dycom Industries (NYSE: DY) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference, scheduled for June 10, 2021, at 9:20 a.m. ET. Senior management will engage in a virtual fireside chat and conduct one-on-one meetings throughout the day. Investors can access a live audio webcast of the session on Dycom's Investor Center website, with a replay available for 30 days. Dycom specializes in specialty contracting services for telecommunications and other utilities across the United States.
Dycom Industries, a key provider of specialty contracting services in the U.S., announced that its senior management will present at the 2021 UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, at 8:00 a.m. ET. The management team will engage in virtual one-on-one meetings on the same day. A live audio webcast of the fireside chat will be accessible on Dycom's Investor Center website, with a replay available for 30 days. For more details, visit Dycom's website.
Dycom Industries, Inc. (NYSE: DY) will present at the 2021 Wells Fargo Virtual Media & Telco Day on June 7, 2021, at 3:30 p.m. ET. The event will feature a fireside chat format with senior management discussing the company's services, including program management and telecommunications contracting. Investors can access a live audio webcast on Dycom's Investor Center website, and a replay will be available for approximately 30 days. Dycom specializes in a range of underground and aerial construction services for telecommunications and utility providers.
Dycom Industries, Inc. (NYSE: DY) will participate in a virtual fireside chat at the 2021 KeyBanc Industrials & Basic Materials Conference on June 1, 2021, at 3:20 p.m. ET. The event will provide insights from Dycom's senior management, who will also engage in one-on-one virtual meetings throughout the day. A live audio webcast will be accessible on Dycom's Investor Center website, with a replay available for 30 days.
As a leading specialty contracting services provider in the U.S., Dycom supports telecommunications and utility sectors with various services.
Dycom Industries (NYSE: DY) reported first quarter results for fiscal 2022, showing contract revenues of $727.5 million, down 11.1% from $814.3 million a year prior. Non-GAAP Adjusted EBITDA was $44.1 million, representing 6.1% of revenues, compared to $69.9 million and 8.6% last year. The company achieved a net income of $0.9 million ($0.03 per share), improving from a net loss of $32.4 million a year earlier. However, a Non-GAAP Adjusted Net Loss of $1.2 million ($0.04 per share) was reported. The outlook indicates potential revenue decline for the next quarter.
Dycom Industries, Inc. (NYSE: DY) is set to host a conference call on May 25, 2021, at 9:00 a.m. Eastern time to discuss its fiscal 2022 first quarter results. A press release will be issued earlier that day detailing the financial outcomes. Interested parties can participate via telephone or through a live webcast on the company's Investor Center website. A replay will be available for 120 days post-event. Dycom specializes in providing various contracting services, including those for telecommunications and utility sectors across the United States.
Dycom Industries, Inc. (NYSE: DY) has priced $500 million in senior notes with a 4.50% interest rate due April 15, 2029, increased from an initial $400 million. The notes will fund the repayment of existing credit facilities and convertible senior notes. The offering is exempt from registration under the Securities Act and targets qualified institutional buyers. Dycom plans to close the offering by April 1, 2021, pending customary conditions. The company also plans to amend its senior credit facility, creating a $650 million revolving credit facility and a $350 million term loan.
Dycom Industries, Inc. (DY) has announced a private offering of $400 million in senior notes due 2029. These notes will be guaranteed by its domestic subsidiaries and offered solely to qualified institutional buyers under the Securities Act. The company plans to allocate approximately $66.3 million for repaying its term loan, $105 million for the revolving credit facility, and $58.3 million to redeem convertible senior notes due September 2021. Dycom is also seeking to amend its existing credit facility to include a $650 million revolving credit and a $350 million term loan.
Dycom Industries has authorized a $150 million stock repurchase program, aimed at enhancing shareholder value. This program will be executed over the next 18 months through open market purchases or negotiated transactions. As of March 2, 2021, the company had 30,615,908 shares outstanding, not including options and unvested restricted stock. Timing and amounts will depend on market conditions, with no obligation to repurchase a specific quantity of shares. This move reflects confidence in the company’s financial health and future performance.