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.
Dycom Industries reported fourth quarter revenues of $761.5 million, reflecting a 10.1% organic increase compared to last year. GAAP net income reached $0.8 million, improving from a $4.2 million loss a year prior. For the fiscal year, total revenues were $3.131 billion, slightly down from $3.199 billion. The Non-GAAP Adjusted EBITDA was $244.3 million, a decrease from $311 million the previous year. The company plans for mid-to-high single digit revenue growth in the next quarter.
Dycom Industries will hold a conference call on March 2, 2022, at 9:00 a.m. Eastern time to discuss its fiscal 2022 fourth quarter results. The company will issue a press release with its results earlier that morning. A live webcast will be available at Dycom's Investor Center website, and interested participants can join by dialing (833) 519-1313 in the U.S. or (914) 800-3879 internationally, using conference ID 5248606. A replay will be available for 120 days after the event.
Dycom Industries, Inc. (NYSE: DY) has appointed Stephen C. Robinson as a new director, effective December 30, 2021. Robinson is a seasoned legal professional, previously serving as a U.S. District Judge and U.S. Attorney. His extensive background in government enforcement and compliance brings valuable insights to Dycom's board. Along with this appointment, the board has expanded from seven to eight members. Robinson's term will continue until the 2022 Annual Meeting of Shareholders, potentially enhancing strategic decision-making within the company.
Dycom Industries, Inc. (NYSE: DY) will participate in the 3rd Annual Truist Securities Industrials and Services Virtual Summit on December 7, 2021. Presentation materials will be accessible on Dycom's Investor Center website for 30 days post-event. Dycom is a leading provider of specialty contracting services across the U.S., offering solutions like program management, engineering, construction, and maintenance for telecommunications and utilities. For further inquiries, contact investor relations at investorrelations@dycomind.com or (561) 627-7171.
Dycom Industries, Inc. (NYSE: DY) announced its participation in the Credit Suisse 9th Annual Virtual Industrials Conference on December 2, 2021. Senior management will present, and materials from the conference will be accessible on Dycom's Investor Center website for 30 days. Dycom is a premier provider of specialty contracting services across the U.S., offering program management, engineering, construction, and maintenance services for telecommunications and utility sectors.
Dycom Industries, Inc. (NYSE: DY) will participate in the BofA Securities 2021 Virtual Leveraged Finance Conference on December 1, 2021. The company's senior management will present, and materials from the conference will be available on Dycom's Investor Center website for 30 days post-event. Dycom specializes in providing a range of specialty contracting services across the U.S., including program management, engineering, and construction for telecommunications and utility sectors.
Dycom Industries, Inc. (NYSE: DY) will present at the Wells Fargo 5th Annual TMT Summit on November 30, 2021, at 8:00 a.m. ET. The presentation will be in a virtual fireside chat format, accompanied by one-on-one meetings throughout the day. Investors can access a live audio webcast on Dycom's Investor Center webpage, with a replay available for 30 days. Dycom provides specialty contracting services for telecommunications and other utilities, including management, engineering, construction, and maintenance services.
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.