WEST PALM BEACH, Fla., Dec. 23, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY), a leading provider of specialty contracting services to the telecommunications and digital infrastructure industries throughout the United States, today announced that it has completed its previously announced acquisition of Power Solutions, LLC (“Power Solutions”), one of the Mid-Atlantic’s largest electrical contractors serving data centers. The purchase price on a cash-free, debt-free basis was comprised of approx ...

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Core Insights - U.S. stocks are demonstrating strong performance, with major indexes rising and investor sentiment improving due to solid economic data and expectations for further monetary easing [1][2] - The market is entering a historically strong period, supported by positive earnings reports and improving growth forecasts, making it favorable for risk assets [2] - Investors are encouraged to focus on stocks with relative price strength, which indicates potential for significant returns [3][5] Company Highlights - **Agnico Eagle Mines Limited (AEM)**: A gold producer with a market cap of $87.5 billion, AEM has seen its earnings estimates rise by 8.8% over the past 60 days and its shares have doubled in a year [12][13] - **General Motors Company (GM)**: Holding a 16.5% share of the U.S. auto market, GM has a market cap of nearly $70 billion, with earnings estimates increasing by 9.9% over the last 60 days and shares gaining 36% in a year [13][14] - **Great Lakes Dredge & Dock (GLDD)**: As the top dredging contractor in the U.S., GLDD has a market cap of $868.4 million and is projected to have 31% earnings growth for 2025, with a 7.8% increase in earnings estimates over the past 60 days [15][16] - **BrightSpring Health Services (BTSG)**: This company focuses on home and community-based care, with a projected EPS growth rate of 53.3% over three to five years. Its earnings estimates have increased from $0.90 to $1.12, and shares have risen by 89.1% in a year [17][18] - **Everus Construction Group (ECG)**: With a market cap of $4.7 billion, ECG has seen a 23% increase in earnings estimates over the past 60 days and shares have increased by 38.7% in a year [19][20] Investment Strategy - A relative price strength strategy is recommended, focusing on stocks that outperform their sectors and have solid fundamentals, as these are more likely to yield considerable returns [5][6][7] - Stocks that have shown better performance than the S&P 500 over the last 1 to 3 months and have positive earnings revisions are considered optimal for investment [7][8] - Screening parameters include positive relative price changes over various time frames and upward revisions in earnings estimates for the current quarter [9][10]

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 - 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 Viewpoint - Dycom Industries, Inc. has announced a definitive agreement to acquire Power Solutions, LLC for a total consideration of $1.95 billion, enhancing its capabilities in the telecommunications and digital infrastructure sectors [1][4]. Company Overview - Dycom Industries is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries across the United States [14]. - Power Solutions is one of the largest electrical contractors in the Mid-Atlantic region, specializing in electrical infrastructure solutions for data centers and critical facilities [2][16]. Financial Highlights - Power Solutions is expected to generate approximately $1.0 billion in annual revenue for calendar 2025, with a compounded annual revenue growth of about 15% over the past four years [2]. - The transaction is projected to be immediately accretive to Dycom's Adjusted EBITDA margin and Adjusted Diluted EPS, while also improving free cash flow for the combined company [9][10]. Strategic Rationale - The acquisition diversifies Dycom's business and enhances its potential for long-term growth by expanding its exposure to the rapidly growing data center demand [5][6]. - Power Solutions' operations will provide significant opportunities to scale and expand existing relationships with hyperscalers and other technology companies [8]. - The transaction will combine two leading workforces, adding substantial skilled labor capacity and enabling the execution of large and complex projects [15]. Market Position - Power Solutions derives over 90% of its revenue from data center projects, strategically positioning Dycom in the world's largest data center hub located in the Greater Washington D.C., Maryland, and Virginia area [7]. - The U.S. demand for data center capacity is projected to grow at a CAGR of 20% to 25% through 2030, with traditional drivers like cloud migration sustaining a 16% CAGR [7].

Third Quarter Highlights(All metrics compared to the third quarter of fiscal 2025) Record Contract Revenues of $1.452 billion, up 14.1%Record GAAP Diluted EPS of $3.63, up 35.4% compared to Q3 2025 Non-GAAP Diluted EPSRecord Net Income of $106.4 million, up 34.4% compared to Q3 2025 Non-GAAP Net IncomeRecord Adjusted EBITDA of $219.4 million, up 28.5% and representing 15.1% of contract revenuesStrong Operating Cash Flows of $220.0 millionRecord Backlog of $8.2 billion as of October 25, 2025Increasing Midpoi ...

Core Insights - Dycom Industries, Inc. has appointed Stephen O. LeClair to its Board of Directors effective November 7, 2025 [1] - LeClair is currently the Executive Chair and Executive Director of Core & Main Inc., bringing extensive experience in infrastructure and industrial distribution [3][5] - His leadership at Core & Main included overseeing significant growth and the successful IPO in 2021 after the company's separation from HD Supply [5] Leadership Impact - Richard K. Sykes, Dycom's Independent Chairman, expressed confidence that LeClair's strategic execution and value creation will benefit Dycom's growth and shareholder value [4] - Dan Peyovich, Dycom's President and CEO, highlighted LeClair's operational excellence and financial performance in complex markets as a strong complement to Dycom's objectives [4] Professional Background - LeClair has over a decade of senior executive experience at HD Supply, including roles as Chief Operating Officer and President of HD Supply Waterworks [6] - He also held senior positions at General Electric, contributing to his extensive background in distribution, manufacturing, and sales [6][7] - LeClair has been a board member of AAON, Inc. since 2017 and holds an MBA and a bachelor's degree in mechanical engineering [7] Company Overview - Dycom is a leading provider of specialty contracting services for telecommunications infrastructure and utility industries in the U.S., offering a range of services including program management, engineering, and construction [8]

Core Viewpoint - Bornite Capital Management LP has established a new position in Dycom, acquiring 150,000 shares valued at approximately $43.76 million, which now represents 4.1% of the fund's reportable U.S. equity assets [2][6]. Company Overview - Dycom is a leading provider of specialty contracting services to the telecommunications and utility sectors, with nearly $5.0 billion in trailing twelve-month revenue as of July 26, 2025 [5]. - The company specializes in network design, construction, and maintenance, supporting the expansion and modernization of critical infrastructure for large national clients [5][9]. Financial Performance - As of September 30, 2025, Dycom reported a revenue of $4.99 billion and a net income of $260.99 million [3]. - The company's stock price was $282.92 as of November 6, 2025, reflecting a one-year price change of 57.8%, outperforming the S&P 500 by 21.6 percentage points [3][10]. - Dycom's fiscal second quarter ended July 26, 2025, showed record contract revenue of $1.4 billion, up 14.5% year over year, leading to a record net income of $97.5 million, a strong 42.5% year-over-year increase [11]. Growth Prospects - Dycom expects its fiscal 2026 revenue to increase by 12.5% to 15.4% year over year, projecting a range between $5.3 billion to $5.4 billion [12]. - The company is positioned to benefit from over $42 billion in federal funding allocated for broadband expansion in the U.S., which provides a favorable environment for growth [11][12]. - The rise of artificial intelligence is anticipated to lead to upgrades in telecommunications equipment, potentially driving further growth for Dycom in the coming years [12].