Core Insights - The article discusses the author's investment philosophy, which incorporates fundamental, technical, and momentum investing strategies to enhance the investment process [1]. Investment Approach - The author emphasizes the importance of a diversified investment strategy that leverages the strengths of various approaches, including fundamental analysis, technical analysis, and momentum investing [1]. Purpose of Writing - The article serves as a platform for tracking the performance of the author's investment ideas and aims to connect with like-minded investors who share similar interests [1].

Core Insights - The article discusses the author's investment philosophy, which incorporates various strategies including fundamental, technical, and momentum investing, highlighting the benefits of each approach [1]. Investment Approach - The author emphasizes a diversified investment strategy that leverages fundamental analysis, technical analysis, and momentum investing to enhance decision-making [1]. Purpose of Writing - The article serves as a platform for tracking investment ideas and connecting with like-minded investors, indicating a community-oriented approach to investment discussions [1].

Core Insights - The presentation features management from Dycom, including CEO Dan Peyovich and Callie Tomasso, indicating a focus on the company's strategic direction and performance in the machinery, engineering, and construction sectors [1]. Company Overview - Dycom is highlighted as a key player in the U.S. building materials sector, with a focus on machinery and engineering [1]. Management Introduction - The presence of CEO Dan Peyovich and Callie Tomasso suggests a commitment to engaging with investors and stakeholders, emphasizing transparency and communication [1].

Dycom Industries (NYSE:DY) Conference December 03, 2025 03:30 PM ET Company ParticipantsDan Peyovich - CEOConference Call ParticipantsSteve Fisher - Machinery Engineering Construction U.S. Building Materials AnalystSteve FisherGood afternoon, everyone. Welcome back here. I'm Steve Fisher, UBS Machinery Engineering Construction U.S. Building Materials Analyst. We are thrilled to have the management of Dycom here with us. We have Dan Peyovich, CEO, and we have Callie Tomasso here as well. Just one quick discl ...

Investment Opportunities - Ryan Kelley, chief investment officer of Hennessy Funds, has outperformed 99% of peers over the last five years with his funds [1] - Kelley highlights Sanmina Corporation (SANM) and Dycom Industries (DY) as key holdings in the mid-cap fund, benefiting from the AI infrastructure boom [2] Company Insights - Sanmina manufactures essential components for data centers, with a market cap of approximately $8.5 billion [3] - The company recently acquired ZT Systems from AMD, enhancing its position in the industry, and trades at a forward P/E ratio of 35, slightly above the Nasdaq 100 average of 33 [4] - Dycom specializes in installing fiber optic networks, with a market cap of $10.4 billion and a forward P/E ratio of 45, reflecting a 93% stock increase over the past year [5][6] Market Trends - The demand for data centers and fiber optic networks is expected to grow significantly as hyperscalers invest heavily, with companies like Sanmina and Dycom positioned to benefit from this trend [2][6] - Kelley notes that even if AI's potential is uncertain, companies involved in the supporting infrastructure will still see growth [3][6]

Core Insights - Two stocks with strong momentum and buy rankings are highlighted for investors: Agnico Eagle Mines Limited and Dycom Industries, Inc. [1][2] Group 1: Agnico Eagle Mines Limited (AEM) - Agnico Eagle Mines is an explorer and developer of mineral properties with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 8% over the last 60 days [1] - The company's shares have gained 18.9% over the last three months, outperforming the S&P 500's advance of 3.9% [1] - Agnico Eagle Mines possesses a Momentum Score of B [1] Group 2: Dycom Industries, Inc. (DY) - Dycom Industries provides specialty contracting services to the telecommunications sector and also holds a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 4.7% over the last 60 days [2] - Dycom's shares have surged 36.3% over the last three months, significantly outperforming the S&P 500's advance of 3.9% [2] - The company has a Momentum Score of A [2]

Core Insights - Dycom Industries, Inc. is experiencing significant growth driven by demand for telecommunication and digital infrastructure, including data centers [1][5] - The company has raised its full-year revenue outlook following a record third quarter performance [6] Financial Performance - Dycom reported record earnings of $3.63 for the Fiscal 2026 third quarter, exceeding the Zacks Consensus Estimate of $3.15 by $0.48 [3] - Contract revenue reached a record $1.45 billion, up 14.1% from $1.27 billion year-over-year, with organic growth of 7.2% [4] - The company generated strong operating cash flows of $220 million and has a record backlog of $8.2 billion [5] Future Outlook - The midpoint of Dycom's revenue outlook for Fiscal 2026 has been increased to a range of $5.35 billion to $5.425 billion, indicating total growth of 13.8% to 15.4% over the previous year [6] - Fourth quarter earnings guidance is set between $1.62 and $1.97, surpassing the Zacks Consensus of $1.34 [6] - Analysts have raised earnings estimates for both Fiscal 2026 and 2027, projecting earnings growth of 14.5% and 22% respectively [7][8] Market Performance - Dycom shares have reached new all-time highs this year, significantly outperforming the S&P 500 [10] - The company has a forward price-to-earnings (P/E) ratio of 32.5, with a PEG ratio of 1.78, indicating a balance of growth and value [12][14] - The price-to-sales (P/S) ratio stands at 1.9, which is considered relatively low compared to technology companies involved in the AI sector [14] Investment Consideration - Dycom Industries is positioned as a potential investment opportunity for those interested in companies involved in AI infrastructure [15]

Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors: Dycom Industries, Micron Technology, and Sanmina Corporation [1][2][3] Company Summaries - **Dycom Industries, Inc. (DY)**: - Provides specialty contracting services to the telecommunications sector - Zacks Rank 1 - Current year earnings estimate increased by 4.7% over the last 60 days - PEG ratio of 1.78 compared to the industry average of 2.66 - Growth Score of B [1] - **Micron Technology, Inc. (MU)**: - Engages in memory and storage products - Zacks Rank 1 - Current year earnings estimate increased by 5.9% over the last 60 days - PEG ratio of 0.46 compared to the industry average of 1.24 - Growth Score of A [2] - **Sanmina Corporation (SANM)**: - Global provider of electronics contract manufacturing services - Zacks Rank 1 - Current year earnings estimate increased by 38.9% over the last 60 days - PEG ratio of 0.63 compared to the industry average of 1.86 - Growth Score of A [3]

Core Insights - Dycom Industries Inc. (DY) reported strong third-quarter fiscal 2026 results, with both contract revenues and earnings exceeding estimates and showing year-over-year growth [1][9] - The company’s stock rose by 9.8% during the trading session following the results, with an additional 1.8% increase in after-hours trading [1] Financial Performance - Adjusted EPS reached $3.63, surpassing the Zacks Consensus Estimate of $3.15 by 15.2% and increasing 35.4% from $2.68 year over year [5] - Contract revenues totaled $1.45 billion, exceeding the consensus mark of $1.40 billion by 3.7% and rising 14.1% year over year, with organic growth of 7.2% [5] - Adjusted EBITDA increased by 28.5% to $219.4 million, with an adjusted EBITDA margin of 15.1%, expanding 170 basis points from the previous year [6] Backlog and Future Outlook - The backlog reached a record $8.22 billion, with $4.99 billion projected to be completed in the next 12 months, supported by strong bookings [6] - Dycom raised its full-year revenue guidance, now expecting total contract revenues to range from $5.350 billion to $5.425 billion, reflecting a year-over-year increase of 13.8% to 15.4% [13] Strategic Developments - The company announced the acquisition of Power Solutions for $1.95 billion, expected to close by January 31, 2026, enhancing its data center infrastructure capabilities [4][10] - This acquisition is projected to be accretive and will add over 2,800 skilled employees, positioning Dycom to capture a projected $20 billion market in outside-plant data center network construction over the next five years [3][11] Market Position - Dycom is well-positioned to leverage its operational capabilities and national footprint to meet the growing demand for fiber infrastructure and data center services [2][3]

Core Insights - Dycom Industries reported revenue of $1.45 billion for the quarter ended October 2025, reflecting a year-over-year increase of 14.1% [1] - The company's EPS was $3.63, up from $2.68 in the same quarter last year, exceeding the consensus estimate of $3.15 by 15.24% [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $1.4 billion, resulting in a surprise of +3.7% [1] - The stock has returned +16.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of -0.3% [3] Customer Revenue Breakdown - Revenue from Lumen Technologies was $170.3 million, surpassing the average estimate of $156.53 million, representing a year-over-year increase of +16.3% [4] - Revenue from AT&T Inc was $361.9 million, exceeding the average estimate of $357.27 million, with a year-over-year increase of +36.3% [4] Backlog Information - The company's backlog stood at $8.2 billion, slightly below the average estimate of $8.52 billion based on two analysts [4]