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) generates frequent news as a specialty contractor to the telecommunications, digital infrastructure, and utility industries in the United States. News coverage commonly highlights its role in building and maintaining fiber, wireless, and utility networks, as well as developments in its digital infrastructure strategy.
Investors and industry followers can expect earnings announcements and results updates, where Dycom reports contract revenues, margins, net income, and Non-GAAP metrics such as Adjusted EBITDA. These releases often include management commentary on demand trends for telecommunications and digital infrastructure, contract backlog, and revenue outlook ranges for upcoming periods.
Another key news theme is strategic transactions and financing. Dycom has announced a definitive agreement and subsequent completion of the acquisition of Power Solutions, LLC, a major Mid-Atlantic electrical contractor serving data centers. Related news and Form 8-K filings describe the purchase price mix of cash and Dycom common stock, as well as amendments to Dycom’s credit agreement, including term loan and bridge loan facilities used to finance the transaction and refinance existing indebtedness.
Governance and capital markets activities also appear in Dycom’s news flow. The company issues releases and files Form 8-Ks when it appoints new independent directors to its Board of Directors, when existing directors decide not to stand for reelection, and when it plans to participate in institutional investor conferences. Announcements about upcoming conference appearances typically include details about fireside chats, one-on-one meetings with investors, and links to live audio webcasts.
This news page aggregates these items so readers can review financial results, acquisition updates, board changes, and investor relations events related to Dycom in one place and follow how the company communicates its strategy and performance over time.
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.
Dycom Industries, a leader in specialty contracting services, will present at the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on September 22, 2022, at 3:30 p.m. CT. Their senior management will engage in a fireside chat format and will be available for one-on-one or group meetings with institutional investors. A live webcast of the event will be available on Dycom's Investor Center website, with a replay accessible for 30 days post-event. The company specializes in telecommunications and utility services across the U.S.
Dycom Industries reported strong second-quarter results for the period ending July 30, 2022. Contract revenues reached $972.3 million, representing a 23.5% increase year-over-year. Non-GAAP Adjusted EBITDA was $104.7 million, or 10.8% of revenues, compared to $73.8 million in the previous year. Net income was $43.9 million, equating to $1.46 per diluted share. Year-to-date revenues were $1.849 billion, with a notable organic growth of 22.3%. The company shares a positive outlook, anticipating revenue growth in the low- to mid-teens percentage range for the upcoming quarter.
Dycom Industries, Inc. (NYSE: DY) announced a conference call scheduled for August 24, 2022, at 9:00 a.m. Eastern time to discuss its fiscal 2023 second quarter results. A press release with the results will be issued earlier that morning. Interested participants can register for the call to engage in a question and answer session. A live audio webcast of the call will also be available, including a slide presentation. The related materials will be accessible on the Company's Investor Center website for 120 days post-event.
Dycom Industries (NYSE: DY) will participate in several upcoming investor conferences, aiming to engage with institutional investors. Key events include:
- June 2, 2022: KeyBanc Industrials & Basic Materials Conference, Boston, MA.
- June 8, 2022, 2:40 PM ET: UBS Global Industrials and Transportation Conference, New York, NY.
- June 9, 2022, 3:00 PM ET: Stifel Cross Sector Insight Conference, Boston, MA.
- June 14, 2022, 9:45 AM ET: Wells Fargo Streaming and Connectivity Conference, Austin, TX.
Fireside chat presentations will be webcast live, with replays available for 30 days.
Dycom Industries reported first-quarter results with contract revenues of $876.3 million, reflecting a 21.1% organic growth.
Non-GAAP Adjusted EBITDA reached $63.7 million, accounting for 7.3% of revenues, up from 6.1% a year prior. GAAP net income was $19.5 million, or $0.65 per diluted share, compared to $0.9 million the previous year. During the quarter, Dycom repurchased 200,000 shares for $18.5 million.
Looking ahead, the company expects mid-teens to 20% revenue growth for the next quarter.
Dycom Industries, Inc. (NYSE: DY) will host a conference call on May 25, 2022, at 9:00 a.m. Eastern to discuss its fiscal 2023 first quarter results. A press release will be issued earlier that day. Interested parties can access the conference via a live webcast available on the Company’s Investor Center website, or participate by phone using the provided dial-in numbers. A replay of the event will be accessible for about 120 days. Dycom specializes in various contracting services, including engineering, construction, and maintenance for telecommunications and utility providers.
Dycom Industries (NYSE: DY) has appointed Carmen M. Sabater as a director, effective March 28, 2022.
With extensive experience as Chief Financial Officer at Quirch Foods and prior roles at MasTec and Deloitte & Touche, she brings a strong financial background and leadership skills. Sabater is fluent in Spanish and has overseen integration strategies, enhancing her multicultural business perspective. Her term will last until the 2022 Annual Meeting of Shareholders.
Dycom Industries, Inc. (NYSE: DY) announced that its senior management will present at the New Street and BCG "Fiber to the Future" Global Infrastructure Virtual Conference on March 29, 2022, at 4:15 p.m. ET. The presentation will be in a virtual fireside chat format, and management will also engage in one-on-one meetings throughout the day. A live audio webcast will be available on Dycom's Investor Center website, with a replay accessible for about 30 days. Dycom offers specialized contracting services for telecommunications and utilities across the U.S.
Dycom Industries (NYSE: DY) will participate in the UBS 16th Annual Infrastructure Solutions Virtual Conference on March 23, 2022. The event will showcase senior management's insights, and presentation materials will be accessible for 30 days on Dycom's Investor Center website. Dycom is a premier provider of specialty contracting services across the U.S., offering a range of services for telecommunications and utility providers. To learn more, visit Dycom's Investor Center.