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) provides specialty contracting services critical to telecommunications and utility infrastructure development. This page serves as a comprehensive resource for investors and industry professionals seeking official updates and analysis on DY's operations.
Access consolidated news on project awards, financial performance, and strategic initiatives that shape Dycom's role in building modern communication networks. Content includes earnings reports, contract announcements, technology deployments, and management insights.
All updates are sourced directly from company filings and verified industry publications. Bookmark this page to stay informed about DY's progress in delivering engineering, construction, and maintenance services essential for 5G expansion and broadband modernization.
Dycom Industries, Inc. (NYSE: DY) has announced the acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business. This strategic move strengthens Dycom's customer base and expands its geographic reach, positioning the company to better capitalize on growth opportunities in wireless network modernization, including Open RAN transformation initiatives. The acquired business primarily operates in nine states across the Northeast, Midwest, and Western United States.
The acquisition is expected to make a significant financial impact, with projected contract revenues of $250 million to $275 million for fiscal 2026. This move aligns with Dycom's focus on enhancing its capabilities in wireless construction services and broadening its market presence in the rapidly evolving telecommunications infrastructure sector.
Dycom Industries, Inc. (NYSE: DY) reported strong fiscal 2025 second quarter results, with contract revenues increasing 15.5% to $1.203 billion. Organic growth was 9.2%, excluding $65.9 million from acquired businesses. Non-GAAP Adjusted EBITDA rose to $158.3 million, or 13.2% of contract revenues. GAAP net income increased to $68.4 million, or $2.32 per diluted share. Non-GAAP Adjusted Net Income was $72.5 million, or $2.46 per diluted share.
For the six months ended July 27, 2024, contract revenues grew 12.4% to $2.345 billion, with organic growth of 5.8%. The company expects mid- to high single-digit revenue growth for the next quarter, with Non-GAAP Adjusted EBITDA margin expected to increase by 25 to 50 basis points compared to the prior year period.
Dycom Industries, Inc. (NYSE: DY) has announced a conference call to discuss its fiscal 2025 second quarter results on Wednesday, August 21, 2024, at 9:00 a.m. ET. The company will release its financial results earlier that morning. Interested parties can participate in the Q&A session by registering online, while others can access a live audio webcast with accompanying slides. The call will provide insights into Dycom's financial performance and potential future outlook. A replay of the webcast and related materials will be available on the company's Investor Center website for approximately 120 days after the event, allowing stakeholders to review the information at their convenience.
Dycom Industries announced that CEO Steven E. Nielsen will retire on November 30, 2024, after 25 years of service. Executive Vice President and COO Daniel S. Peyovich will succeed him as CEO and President, effective immediately for the latter role. Nielsen will remain as CEO and Chair until his retirement. Richard K. Sykes, the current Lead Independent Director, will become the next Chairman. Under Nielsen's leadership, Dycom saw significant growth, with revenue increasing from $3.1 billion in FY2021 to $4.2 billion in FY2024 and Adjusted EBITDA growing 62% to $505 million. Peyovich, with extensive industry experience, has been credited with substantial operational improvements and is poised to continue Dycom's growth trajectory.
Dycom Industries (NYSE: DY) announced it will participate in several investor conferences:
- May 29, 2024: KeyBanc Industrials and Basic Materials Conference in Boston, MA, with senior management available for meetings.
- June 4, 2024: UBS Reshoring and Infrastructure Conference in New York, NY, with senior management available for meetings.
- June 5, 2024: Stifel 2024 Cross Sector Insight Conference in Boston, MA, featuring a fireside chat by CEO Steve Nielsen at 9:45 a.m. ET, along with senior management meetings. The fireside chat will be webcasted live and available for replay for 90 days on Dycom's Investor Center website.
Dycom Industries (NYSE: DY) reported its fiscal 2025 Q1 results with contract revenues of $1.142 billion, a 9.3% increase from the previous year. Organic revenues rose 2.5%. Non-GAAP Adjusted EBITDA grew to $130.9 million, or 11.5% of revenues. Net income was $62.6 million, or $2.12 per share, up from $51.5 million, or $1.73 per share, in the prior year. The company repurchased 210,000 shares for $29.8 million. For Q2, DY expects organic revenue growth in high-single digits and $70 million from acquired businesses, with EBITDA margins improving by 25 to 75 basis points.
Dycom Industries, Inc. will host a conference call to discuss fiscal 2025 first quarter results on May 22, 2024. Interested parties can join the Q&A session by registering online. A live webcast will be available for all other attendees, with a replay option on the Company's Investor Center website.
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