Dycom Inds Inc Stock Price, News & Analysis

Dycom Industries, Inc. (NYSE: DY) has announced its participation in several upcoming investor conferences. On March 23, 2023, it will attend the UBS 17th Annual Infrastructure and E&C Conference in Dallas, TX. Following this, on March 28, 2023, at 4:15 p.m. ET, it will hold a virtual fireside chat at the 2nd Annual New Street Research and BCG Fiber-to-the-Future Conference. Finally, on April 4, 2023, at 3:00 p.m. ET, another virtual presentation will occur at the 2nd Annual Cowen Fiber-to-the-Home Symposium. These sessions will be accessible via Dycom's Investor Center website, with replays available for 30 days.

Dycom Industries reported strong fourth quarter results for the fiscal year ended January 28, 2023. Contract revenues reached $917.5 million, marking a 20.5% increase from $761.5 million in the same period last year. The company's Non-GAAP Adjusted EBITDA was $83.1 million, or 9.1% of contract revenues, up from $43.3 million or 5.7%. Net income soared to $24.8 million, translating to $0.83 per share, compared to $0.8 million or $0.03 per share a year prior. For the fiscal year, revenues totaled $3.808 billion, a 21.8% organic growth. The company also announced share buybacks totaling 514,030 shares for $48.7 million.

Dycom Industries, Inc. (NYSE: DY) has announced a conference call to discuss its fiscal 2023 fourth quarter results on March 1, 2023, at 9:00 a.m. Eastern time. A press release with the results will be issued earlier that morning. Interested participants can register for the Q&A session via a provided link to receive a dial-in number and unique PIN. For those who cannot attend, a live audio webcast will be available alongside a slide presentation. The replay and related materials will be accessible on the Company's Investor Center website for 120 days post-event.