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 priced $500 million in senior notes with a 4.50% interest rate due April 15, 2029, increased from an initial $400 million. The notes will fund the repayment of existing credit facilities and convertible senior notes. The offering is exempt from registration under the Securities Act and targets qualified institutional buyers. Dycom plans to close the offering by April 1, 2021, pending customary conditions. The company also plans to amend its senior credit facility, creating a $650 million revolving credit facility and a $350 million term loan.
Dycom Industries, Inc. (DY) has announced a private offering of $400 million in senior notes due 2029. These notes will be guaranteed by its domestic subsidiaries and offered solely to qualified institutional buyers under the Securities Act. The company plans to allocate approximately $66.3 million for repaying its term loan, $105 million for the revolving credit facility, and $58.3 million to redeem convertible senior notes due September 2021. Dycom is also seeking to amend its existing credit facility to include a $650 million revolving credit and a $350 million term loan.
Dycom Industries has authorized a $150 million stock repurchase program, aimed at enhancing shareholder value. This program will be executed over the next 18 months through open market purchases or negotiated transactions. As of March 2, 2021, the company had 30,615,908 shares outstanding, not including options and unvested restricted stock. Timing and amounts will depend on market conditions, with no obligation to repurchase a specific quantity of shares. This move reflects confidence in the company’s financial health and future performance.
Dycom Industries reported its fourth quarter results for the fiscal year ended January 30, 2021, showing contract revenues of $750.7 million, up from $737.6 million a year prior.
Despite a 6.2% organic revenue decline, Non-GAAP Adjusted EBITDA improved to 6.1% of revenues. The company reported a net loss of $4.2 million, an improvement from a loss of $11.2 million in the previous year. For the fiscal year, total revenues dropped to $3.199 billion from $3.340 billion. Looking ahead, contract revenues are expected to be stable to slightly lower in the upcoming quarter.
Dycom Industries, Inc. (NYSE: DY) will host a conference call on March 3, 2021, at 9:00 a.m. Eastern time to discuss its fiscal 2021 fourth quarter results. A press release detailing the results will be issued earlier that morning. Interested parties can join the call by dialing (833) 519-1313 in the U.S. or (914) 800-3879 internationally, using conference ID 2407007. A live webcast and related materials will be available on the Company's Investor Center website, with a replay accessible for approximately 120 days post-event.
Dycom Industries, Inc. (NYSE: DY) will participate in the Truist 2020 Industrials and Services Virtual Summit on December 8, 2020. Senior management will present, and presentation materials will be accessible on Dycom's Investor Center website until January 7, 2021. Dycom is a leading provider of specialty contracting services, including program management, planning, and construction for telecommunications and utility companies. For more information, visit dycomind.com.
Dycom Industries, a key player in specialty contracting services in the U.S., announced its participation in the Credit Suisse 8th Annual Virtual Industrials Conference on December 3, 2020. Senior management will share insights, and presentation materials will be available on Dycom's Investor Center website until January 4, 2021. Their services encompass program management, engineering, construction for various utilities, and more. For further details, visit their website at dycomind.com.
Dycom Industries, Inc. (NYSE: DY) will present at the Wells Fargo TMT Summit 2020 on December 2, 2020, at 10:00 a.m. ET. This presentation will take the form of a virtual fireside chat, with senior management participating in additional one-on-one meetings throughout the day. Investors can access a live audio webcast of the chat via the Events and Presentations section on Dycom's Investor Center website. A replay will be available until January 4, 2021.
Dycom provides specialized contracting services, including engineering and construction for telecommunications and utility sectors.
Dycom Industries reported Q3 results for FY2021, with contract revenues of $810.3 million, a 9.4% decline year-over-year. Despite the drop, non-GAAP Adjusted EBITDA increased to $92.8 million, representing 11.5% of revenues. Net income surged to $33.9 million or $1.05 per share, up from $24.2 million and $0.76 per share last year. Year-to-date revenues were $2.449 billion, down 6.1%. A significant goodwill impairment charge of $53.3 million negatively affected GAAP net income. Looking forward, Dycom anticipates lower revenues but stable margins for Q4.
Dycom Industries, Inc. (NYSE: DY) announced it will host a conference call to discuss its fiscal 2021 third-quarter results on November 24, 2020, at 9:00 a.m. Eastern time. A press release detailing the results will be issued earlier that day. Investors can join by dialing (833) 519-1313 for US participants or (914) 800-3879 for international callers, using conference ID 1388665. A live webcast will also be available on the Company's Investor Center website.
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