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 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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