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.
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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.
Dycom Industries (NYSE: DY) announced its participation in several upcoming investor conferences. On November 29, 2022, at 9:20 a.m. PT, the Company will present at the 6th Annual Wells Fargo TMT Summit in Las Vegas. Following this, on November 30, it will attend the Bank of America 2022 Leveraged Finance Conference in Boca Raton, FL. Finally, on December 1, Dycom will be part of the Credit Suisse 10th Annual Global Industrials Conference in Manalapan, FL. The Company will also offer opportunities for one-on-one meetings with institutional investors.
Dycom Industries reported strong third quarter results for the period ending October 29, 2022. Contract revenues reached $1.042 billion, showing a growth of 22.1% from $854 million a year earlier. The Non-GAAP Adjusted EBITDA was $114.6 million, or 11.0% of revenues, up from $83.1 million (9.7%). Net income stood at $54 million ($1.80 per diluted share), compared to $28.7 million ($0.94 per diluted share) in the previous year. For the nine months, revenues totaled $2.891 billion, a 22.2% increase year-over-year.
Dycom Industries, Inc. (NYSE: DY) will hold a conference call on November 22, 2022, at 9:00 a.m. ET to discuss its fiscal 2023 third-quarter results. A press release with the earnings report will be issued earlier that morning. Interested participants can register online for the call, while others can access a live audio webcast and accompanying slide presentation. The replay and related materials will be available on the Company's Investor Center website for 120 days following the event. Dycom specializes in contracting services for the telecommunications and utilities sectors.
Dycom Industries, Inc. (NYSE: DY) has appointed Jason T. Lawson as Vice President and Chief Human Resources Officer, effective immediately. With over 25 years of experience in human resources and leadership roles, Lawson will drive strategy for HR programs, talent acquisition, and employee retention. Previously, he served as Vice President of Human Resources at Installed Building Products. Lawson holds a Bachelor’s degree in Human Resources and the SHRM-SCP certification. Dycom specializes in telecommunications contracting services, including construction and maintenance.