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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) reported second-quarter results for fiscal 2021, with contract revenues at $823.9 million, down 6.8% year-over-year. Non-GAAP Adjusted EBITDA rose to $102.7 million, or 12.5% of contract revenues, from 10.2% the previous year. GAAP net income increased to $37.0 million ($1.15 per share) versus $29.9 million ($0.94 per share) in the prior year. The company anticipates sequentially lower contract revenues for the next quarter due to COVID-19 uncertainty, with year-to-date contract revenues of $1.638 billion, a 4.4% decrease.
Dycom Industries, Inc. (NYSE: DY) will host a conference call on August 26, 2020, at 9:00 a.m. ET to discuss its fiscal 2021 second quarter results. A press release will precede the call, providing details on earnings and financial performance. Interested participants can access the live webcast on the Company's Investor Center website. For telephone participation, dial (833) 519-1313 (US) or (914) 800-3879 (International), using conference ID 1448697. A replay will be available until September 25, 2020.