Investors might want to bet on Dycom Industries (DY) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this provider of specialty contracting services reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 27, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-10613 DYCOM INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

PALM BEACH GARDENS, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced that the Company will be participating in the following upcoming investor conferences: Wednesday, May 29, 2024 – KeyBanc Industrials and Basic Materials Conference, Boston, MA Senior management will participate in one-on-one and group meetings with investors. Tuesday, June 4, 2024 – UBS Reshoring and Infrastructure Conference, New York, NY Senior management will participate in one-on-one and group mee ...

Dycom Industries Inc. (DY) reported strong results for first-quarter fiscal 2025 (ended Apr 27, 2024). Both the top and bottom lines surpassed their respective Zacks Consensus Estimate. Contract revenues and earnings increased on a year-over-year basis. Shares of the company gained nearly 9% in the pre-market trading session on May 22. Notably, in May, the company acquired a telecommunications construction contractor that will expand its geographic footprint in Alaska. Earnings & Revenue Discussion Dycom re ...

Dycom Industries, Inc. (NYSE:DY) Q1 2025 Results Conference Call May 22, 2024 9:00 AM ET Company Participants Steven Nielsen - President and Chief Executive Officer Ryan Urness - General Counsel Drew DeFerrari - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Securities Adam Thalhimer - Thompson, Davis Sangita Jain - KeyBanc Capital Markets Alex Waters - BofA Steven Fisher - UBS Brent Thielman - D.A. Davidson Eric Luebchow - Wells Fargo Christian Schwab - Craig Hallum Capital Gro ...

Dycom Industries (DY) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 52.52%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $0.91 per share when it actually produced earnings of $0.79, delivering a surprise of -13.19%. Over ...

[Fiscal 2025 First Quarter Financial Performance](index=1&type=section&id=Fiscal%2025%20First%20Quarter%20Financial%20Performance) [First Quarter Highlights](index=1&type=section&id=First%20Quarter%20Highlights) Dycom Industries reported strong Q1 FY2025 results, with significant increases in contract revenues, Adjusted EBITDA, and diluted EPS, and share repurchases Fiscal 2025 First Quarter Financial Highlights (YoY) | Metric | Quarter Ended April 27, 2024 | Quarter Ended April 29, 2023 | YoY Change | | :-------------------------------- | :--------------------------- | :--------------------------- | :--------- | | Contract revenues | $1,142.4 million | $1,045.5 million | +9.3% | | Organic contract revenues | $1,071.2 million | $1,045.5 million | +2.5% | | Non-GAAP Adjusted EBITDA | $130.9 million | $113.5 million | +15.3% | | Non-GAAP Adjusted EBITDA % of revenues | 11.5% | 10.9% | +0.6 pp | | Net income | $62.6 million | $51.5 million | +21.4% | | Diluted EPS | $2.12 | $1.73 | +22.5% | - The Company repurchased **210,000 shares** of its common stock for **$29.8 million** at an average price of **$141.84 per share** during the quarter[3](index=3&type=chunk)[8](index=8&type=chunk) [Outlook for Q2 Fiscal 2025](index=1&type=section&id=Outlook) The Company anticipates Q2 FY2025 growth, projecting high-single digit organic contract revenue growth and increased Non-GAAP Adjusted EBITDA percentage - Organic contract revenues are expected to grow by **high-single digits** as a percentage of contract revenues compared to the prior year quarter[4](index=4&type=chunk) - Approximately **$70 million** of acquired contract revenues are expected for the quarter ending July 27, 2024[4](index=4&type=chunk) - Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase **25 to 75 basis points** compared to the prior year quarter[4](index=4&type=chunk) [Company Information & Disclosures](index=1&type=section&id=Company%20Information%20%26%20Disclosures) [About Dycom Industries, Inc.](index=3&type=section&id=About%20Dycom%20Industries%2C%20Inc.) Dycom Industries, Inc. is a leading US specialty contractor for telecommunications and utility infrastructure, offering comprehensive services from planning to maintenance - Dycom provides specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States[9](index=9&type=chunk) - Services include program management, planning, engineering and design, aerial, underground, and wireless construction, maintenance, fulfillment, and underground facility locating services[9](index=9&type=chunk) [Forward-Looking Information](index=3&type=section&id=Forward%20Looking%20Information) This section outlines forward-looking statements based on management's expectations, subject to risks and uncertainties detailed in SEC filings - The press release contains forward-looking statements, particularly regarding the outlook for the quarter ending July 27, 2024[10](index=10&type=chunk) - These statements are based on management's expectations and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially[10](index=10&type=chunk) - Significant risks and uncertainties are described in the Company's Form 10-K, 10-Q, and 8-K reports, including economic conditions, customer capital budgets, material/labor costs, and impacts of acquisitions[10](index=10&type=chunk) [Conference Call Information](index=1&type=section&id=Conference%20Call%20Information%20and%20Other%20Selected%20Data) Details for the fiscal 2025 first quarter results conference call, including registration, webcast access, and replay availability - A conference call to discuss fiscal 2025 first quarter results was scheduled for Wednesday, May 22, 2024, at **9:00 a.m. Eastern time**[6](index=6&type=chunk) - Participants could register to receive a dial-in number and PIN, or access a live listen-only audio webcast with an accompanying slide presentation[6](index=6&type=chunk)[7](index=7&type=chunk) - A replay of the webcast and related materials will be available on the Company's Investor Center website for approximately **120 days**[7](index=7&type=chunk) [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Balance Sheets](index=4&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) The balance sheet shows Q1 FY2025 financial position, with total assets increasing to **$2.61 billion** and stockholders' equity rising to **$1.08 billion** sequentially Condensed Consolidated Balance Sheet Highlights (in thousands) | Metric | April 27, 2024 | January 27, 2024 | Change | | :------------------------- | :------------- | :--------------- | :----- | | **ASSETS** | | | | | Total current assets | $1,626,821 | $1,550,036 | +$76,785 | | Total assets | $2,611,608 | $2,516,885 | +$94,723 | | **LIABILITIES & EQUITY** | | | | | Total current liabilities | $513,554 | $506,304 | +$7,250 | | Total liabilities | $1,530,976 | $1,462,229 | +$68,747 | | Total stockholders' equity | $1,080,632 | $1,054,656 | +$25,976 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q1 FY2025 operations show a **9.3%** increase in contract revenues to **$1.14 billion** and a **21.4%** rise in net income to **$62.6 million** year-over-year Condensed Consolidated Statements of Operations Highlights (in thousands) | Metric | Quarter Ended April 27, 2024 | Quarter Ended April 29, 2023 | YoY Change | | :------------------------------------------ | :--------------------------- | :--------------------------- | :--------- | | Contract revenues | $1,142,423 | $1,045,474 | +9.3% | | Costs of earned revenues | $921,636 | $853,366 | +7.9% | | General and administrative | $94,555 | $82,357 | +14.8% | | Income before income taxes | $77,444 | $66,099 | +17.2% | | Net income | $62,554 | $51,523 | +21.4% | | Diluted earnings per common share | $2.12 | $1.73 | +22.5% | [Non-GAAP Financial Measures Reconciliation and Explanation](index=6&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation%20and%20Explanation) [Reconciliation of Non-GAAP Financial Measures](index=6&type=section&id=RECONCILIATION%20OF%20NON-GAAP%20FINANCIAL%20MEASURES) This section reconciles Non-GAAP financial measures, including organic contract revenues and adjusted EBITDA, to GAAP figures for clearer performance comparison [Contract Revenues, Non-GAAP Organic Contract Revenues, and Growth %](index=6&type=section&id=CONTRACT%20REVENUES%2C%20NON-GAAP%20ORGANIC%20CONTRACT%20REVENUES%2C%20AND%20GROWTH%20%25) Contract Revenues Reconciliation (in thousands) | Metric | Quarter Ended April 27, 2024 | Quarter Ended April 29, 2023 | YoY Growth % | | :------------------------------------ | :--------------------------- | :--------------------------- | :----------- | | Contract Revenues - GAAP | $1,142,423 | $1,045,474 | 9.3% | | Revenues from acquired businesses | $(71,237) | — | N/A | | Non-GAAP Organic Contract Revenues | $1,071,186 | $1,045,474 | 2.5% | [Net Income and Non-GAAP Adjusted EBITDA](index=6&type=section&id=NET%20INCOME%20AND%20NON-GAAP%20ADJUSTED%20EBITDA) Net Income to Non-GAAP Adjusted EBITDA Reconciliation (in thousands) | Metric | Quarter Ended April 27, 2024 | Quarter Ended April 29, 2023 | YoY Change | | :------------------------------------------ | :--------------------------- | :--------------------------- | :--------- | | Net income | $62,554 | $51,523 | +$11,031 | | Interest expense, net | $12,834 | $11,372 | +$1,462 | | Provision for income taxes | $14,890 | $14,576 | +$314 | | Depreciation and amortization | $45,205 | $37,271 | +$7,934 | | **EBITDA** | **$135,483** | **$114,742** | **+$20,741** | | Gain on sale of fixed assets | $(12,404) | $(7,816) | -$4,588 | | Stock-based compensation expense | $7,823 | $6,620 | +$1,203 | | **Non-GAAP Adjusted EBITDA** | **$130,902** | **$113,546** | **+$17,356** | | Non-GAAP Adjusted EBITDA % of contract revenues | 11.5% | 10.9% | +0.6 pp | [Explanation of Non-GAAP Financial Measures](index=7&type=section&id=Explanation%20of%20Non-GAAP%20Financial%20Measures) The company defines Non-GAAP Organic Contract Revenues and Non-GAAP Adjusted EBITDA, explaining their purpose for direct performance comparison - **Non-GAAP Organic Contract Revenues** are defined as contract revenues from businesses included for the entire period in both current and prior year periods, excluding storm restoration services[21](index=21&type=chunk)[23](index=23&type=chunk) - **Non-GAAP Adjusted EBITDA** is defined as net income before interest, taxes, depreciation and amortization, gain on sale of fixed assets, stock-based compensation expense, and certain non-recurring items[21](index=21&type=chunk)[23](index=23&type=chunk) - Management believes these **Non-GAAP measures** are useful for comparing the Company's performance with prior periods and with other companies, despite different capital structures or tax rates[21](index=21&type=chunk)[23](index=23&type=chunk)

First Quarter Highlights PALM BEACH GARDENS, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 27, 2024. Contract revenues increased 9.3% to $1.142 billion for the quarter ended April 27, 2024, compared to $1.045 billion in the year ago quarter. Contract revenues increased 2.5% on an organic basis after excluding $71.2 million of contract revenues from acquired businesses that were not owned during the year ago quarter. Non ...

First Quarter Highlights PALM BEACH GARDENS, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 27, 2024. Contract revenues increased 9.3% to $1.142 billion for the quarter ended April 27, 2024, compared to $1.045 billion in the year ago quarter. Contract revenues increased 2.5% on an organic basis after excluding $71.2 million of contract revenues from acquired businesses that were not owned during the year ago quarter. Non ...