Dycom Inds Inc Stock Price, News & Analysis

Dycom Industries reported third quarter fiscal 2022 results with contract revenues of $854.0 million, up 6.6% from last year. However, Non-GAAP Adjusted EBITDA decreased to $83.1 million (9.7% of revenues). GAAP net income was $28.7 million or $0.94 per share, down from $33.9 million or $1.05 per share year-over-year. Year-to-date, contract revenues fell 3.1% to $2.369 billion, with Non-GAAP Adjusted Net Income decreasing to $46.2 million. For Q4, guidance suggests modest revenue growth from $691.8 million.

Dycom Industries (NYSE: DY) will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 13, 2021. Senior management will share insights related to the company’s operations and strategies. Presentation materials will be accessible for 30 days in the Investor Center. Dycom specializes in contracting services across the U.S., including planning, engineering, construction, and maintenance for telecommunications and utility sectors.

Dycom Industries, Inc. (NYSE: DY) reported a 4.4% decrease in second-quarter revenues, totaling $787.6 million for the period ending July 31, 2021, compared to $823.9 million in the same quarter of 2020. Net income fell to $18.2 million or $0.59 per share diluted, down from $37 million or $1.15 per share. Year-to-date revenues also declined by 7.8% to $1.515 billion. Despite a robust cash position of $261.9 million, the company anticipates a decrease in Non-GAAP Adjusted EBITDA as a percentage of revenues in the upcoming quarter.

Dycom Industries, Inc. (NYSE: DY) will conduct a conference call to discuss its fiscal 2022 second quarter results on September 1, 2021, at 9:00 a.m. Eastern time. A press release detailing these results will be issued earlier that morning. Interested parties can join the call by dialing (833) 519-1313 for the US or (914) 800-3879 internationally, using conference ID 5058909. The call and materials will be available at Dycom's Investor Center website for those who cannot attend live.

Dycom Industries (NYSE: DY) announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference, scheduled for June 10, 2021, at 9:20 a.m. ET. Senior management will engage in a virtual fireside chat and conduct one-on-one meetings throughout the day. Investors can access a live audio webcast of the session on Dycom's Investor Center website, with a replay available for 30 days. Dycom specializes in specialty contracting services for telecommunications and other utilities across the United States.

Dycom Industries, a key provider of specialty contracting services in the U.S., announced that its senior management will present at the 2021 UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, at 8:00 a.m. ET. The management team will engage in virtual one-on-one meetings on the same day. A live audio webcast of the fireside chat will be accessible on Dycom's Investor Center website, with a replay available for 30 days. For more details, visit Dycom's website.

Dycom Industries, Inc. (NYSE: DY) will present at the 2021 Wells Fargo Virtual Media & Telco Day on June 7, 2021, at 3:30 p.m. ET. The event will feature a fireside chat format with senior management discussing the company's services, including program management and telecommunications contracting. Investors can access a live audio webcast on Dycom's Investor Center website, and a replay will be available for approximately 30 days. Dycom specializes in a range of underground and aerial construction services for telecommunications and utility providers.

Dycom Industries, Inc. (NYSE: DY) will participate in a virtual fireside chat at the 2021 KeyBanc Industrials & Basic Materials Conference on June 1, 2021, at 3:20 p.m. ET. The event will provide insights from Dycom's senior management, who will also engage in one-on-one virtual meetings throughout the day. A live audio webcast will be accessible on Dycom's Investor Center website, with a replay available for 30 days.

As a leading specialty contracting services provider in the U.S., Dycom supports telecommunications and utility sectors with various services.

Dycom Industries (NYSE: DY) reported first quarter results for fiscal 2022, showing contract revenues of $727.5 million, down 11.1% from $814.3 million a year prior. Non-GAAP Adjusted EBITDA was $44.1 million, representing 6.1% of revenues, compared to $69.9 million and 8.6% last year. The company achieved a net income of $0.9 million ($0.03 per share), improving from a net loss of $32.4 million a year earlier. However, a Non-GAAP Adjusted Net Loss of $1.2 million ($0.04 per share) was reported. The outlook indicates potential revenue decline for the next quarter.