The Zacks Building Products - Heavy Construction industry is poised to sustain its momentum, driven by a significant infrastructure drive led by the U.S. government. This initiative aims to bolster the nation's roads, bridges and broadband connectivity. Companies in the industry are capitalizing on increased demand across various industries, including communications, power transmission and other infrastructure projects.Despite encountering challenges such as project delays, a competitive labor market and es ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Dycom Industries Inc. (DY) reported tepid results for fourth-quarter fiscal 2024 (ended Jan 27, 2024). Both the top and bottom lines missed their respective Zacks Consensus Estimate.Contract revenues increased but earnings declined on a year-over-year basis. Shares of the company gained 3.3% on Feb 28, post the earnings release.Earnings & Revenue DiscussionDycom reported adjusted earnings per share (EPS) of 79 cents, missing the Zacks Consensus Estimate of 91 cents by 13.2% and declined from 83 cents by 4.8 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 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) Florida 59-1277135 (State or other ...

PALM BEACH GARDENS, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced that the Company will be participating in the following upcoming investor conferences: Tuesday, March 5, 2024 – Raymond James 45th Annual Institutional Investors Conference, Orlando, FLSteve Nielsen, President and Chief Executive Officer, will present in a fireside chat format at 8:40 a.m. ET. Additionally, senior management will participate in one-on-one and group meetings with investors. Wednesday ...

I just want to make sure that I understand the Q1 revenue guide. Are you saying organic is flat to slightly down year-over-year? Steven Nielsen Yes, that's correct, Adam. Adam Thalhimer The Brightspeed awards look significant. I was curious if they could crack into the top 5 customers this year? Steven Nielsen Adam, those were a number of renewals of business as usual work that we have done in those territories for a long period of time. We're pleased with the commitment and the extension. We do see opportu ...

Dycom Industries (DY) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.19%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $1.77 per share when it actually produced earnings of $2.82, delivering a surprise of 59.32%.Over t ...

Fourth Quarter Highlights Contract revenues of $952.5 millionNon-GAAP Adjusted EBITDA of $93.7 million, or 9.8% of contract revenuesNet Income of $23.4 million, or $0.79 per common share diluted PALM BEACH GARDENS, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) announced today its results for the fourth quarter ended January 27, 2024. Contract revenues increased 3.8% to $952.5 million for the quarter ended January 27, 2024, compared to $917.5 million in the year ago quarter. Contra ...

Dycom Industries, Inc. (DY) is scheduled to report fourth-quarter fiscal 2024 results on Feb 28, before the opening bell.In the last reported quarter, its earnings surpassed the Zacks Consensus Estimate by 59.3% and rose 56.7% from a year ago. Contract revenues also increased 9% year over year and topped the consensus mark by 6.3%.This specialty contracting services provider surpassed earnings estimates in the trailing four quarters, with an average of 154.3%.Earnings & Revenue ExpectationsThe Zacks Consens ...

Exhibit 99.1 NEWS RELEASE February 28, 2024 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2024 FOURTH QUARTER AND ANNUAL RESULTS Fourth Quarter Highlights • Contract revenues of $952.5 million • Non-GAAP Adjusted EBITDA of $93.7 million, or 9.8% of contract revenues • Net Income of $23.4 million, or $0.79 per common share diluted Palm Beach Gardens, Florida, February 28, 2024 - Dycom Industries, Inc. (NYSE: DY) announced today its results for the fourth quarter ended January 27, 2024. Contract revenues increased ...