Core Viewpoint - Dycom Industries reported strong third-quarter fiscal 2025 results, with contract revenues and earnings exceeding estimates and showing year-over-year growth [7][8]. Financial Performance - As of October 26, 2024, Dycom's liquidity stood at $462.8 million, including cash and cash equivalents of $15.3 million, an increase from $101.1 million as of January 27, 2024 [1]. - Contract revenues reached $1.27 billion, surpassing the consensus estimate of $1.22 billion by 4.2% and growing 12% year-over-year [8]. - Adjusted earnings per share (EPS) were reported at $2.68, beating the Zacks Consensus Estimate of $2.35 by 14% and increasing 20.2% from $2.23 year-over-year [10]. - Adjusted EBITDA increased 19.3% to $170.7 million, with an adjusted EBITDA margin of 13.4%, expanding 52 basis points from the previous year [13]. - Gross margin improved by 45 basis points to 20.8% compared to 20.4% a year ago [15]. Customer Contributions - The top five customers contributed 55.7% to total contract revenues, up from 54.4% in the prior year, with a 16.7% organic growth [11]. - AT&T, Dycom's largest customer, contributed 20.9% to total revenues, growing organically by 58.4% [12]. Backlog and Future Outlook - Dycom's backlog totaled $7.856 billion at the end of the fiscal third quarter, up from $6.917 billion at the end of fiscal 2024, with $4.467 billion projected to be completed in the next 12 months [16]. - For the fiscal fourth quarter ending January 25, 2025, Dycom expects contract revenues to grow by mid to high single digits year-over-year, including $35 million from acquired contract revenues [17]. - The adjusted EBITDA margin is expected to increase by 25 basis points from the year-ago level of 9.8% [20].

Core Viewpoint - Dycom Industries, Inc. has reported mixed market reactions following its tepid results for the third quarter of fiscal 2025, with its stock growing only 1.3% over the past three months compared to a 25.5% growth in the Zacks Building Products - Heavy Construction industry [1]. Financial Performance - The adjusted EBITDA margin for Dycom expanded by 52 basis points year-over-year, primarily due to integration costs from the acquisition of Black & Veatch's wireless telecommunications infrastructure business [3]. - Earnings per share (EPS) estimates for the fourth quarter of fiscal 2025 have decreased from $1.00 to $0.97 over the past week, while fiscal 2026 EPS expectations have reduced by 3 cents [4]. Market Position and Growth Drivers - The telecommunications industry is experiencing rapid transformation, driven by increased demand for broadband expansion and 5G network buildouts, positioning Dycom favorably within this ecosystem [6]. - Dycom's acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business for $150.7 million is expected to enhance its capabilities in wireless construction services, contributing $250-$275 million in revenues by fiscal 2026 [7]. - The company's backlog at the end of the fiscal third quarter totaled $7.856 billion, up from $6.917 billion at the end of fiscal 2024, with $4.467 billion projected to be completed in the next 12 months [9]. Challenges and Outlook - Despite operational strengths, Dycom's stock has underperformed due to broader market conditions and sector-specific challenges, including expected pre-tax integration costs of $4.2 million in the fiscal fourth quarter [10]. - Organic revenue growth for the fiscal fourth quarter is projected to increase in the low to mid-single digits, influenced by seasonal factors and stronger customer performance in the first half of the year [11]. - Rising labor costs and supply chain constraints are pressuring margins, with the company's fiscal first and fourth quarters typically affected by seasonal weather and fewer available workdays [12]. Strategic Positioning - Dycom is well-positioned for long-term growth, supported by robust demand for its services and significant investments in digital infrastructure from governments and corporations, particularly following the Infrastructure Investment and Jobs Act [13].

PALM BEACH GARDENS, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today that Dan Peyovich, President and incoming CEO, and Drew DeFerrari, Senior Vice President and Chief Financial Officer, will participate in the following upcoming institutional investor conferences: Tuesday, December 3, 2024 –Wells Fargo 8th Annual TMT Summit, Rancho Palos Verdes, CAMr. Peyovich will present in a fireside chat format at 12:30 p.m. ET / 9:30 a.m. PT. Additionally, senior management wil ...

Dycom Industries Inc. (DY) reported strong results for third-quarter fiscal 2025 (ended Oct. 26, 2024). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased on a year-over-year basis.Shares of the company plunged 12.9% on Wednesday. Despite solid fiscal third-quarter results and strong fiscal fourth-quarter revenue growth projection, investors’ sentiments might have dampened on modest margin improvements.Earnings & Revenue DiscussionDycom reported adjusted earning ...

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 October 26, 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 o ...

Dycom Industries, Inc. (NYSE:DY) Q3 2025 Earnings Conference Call November 20, 2024 9:00 AM ET Company Participants Steven Nielsen - CEO Ryan Urness - General Counsel Daniel Peyovich - President & Chief Operating Officer Andrew DeFerrari - CFO Conference Call Participants Adam Thalhimer - Thompson Davis Alex Waters - BofA Min Cho - B. Riley Securities Frank Louthan - Raymond James Sangita Jain - KeyBanc Capital Markets Eric Luebchow - Wells Fargo Jean Ramirez - D.A. Davidson Avi Jaroslawicz - UBS Adam Thalh ...

ØDYCOM The people connecting America® 3rd Quarter 2025 Results November 20, 2024 Participants | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------|----------------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Steven E. Nielsen Chief Executive Officer | | | | | | | | | Daniel S. Peyovich President | | | | | | | | | H. Andrew DeFerrari Chief Financial Officer Ryan F. Urness General Counse ...

Dycom Industries (DY) came out with quarterly earnings of $2.68 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.04%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $2.18 per share when it actually produced earnings of $2.46, delivering a surprise of 12.84%.Over th ...

Exhibit 99.1 NEWS RELEASE November 20, 2024 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2025 THIRD QUARTER RESULTS Third Quarter Highlights • Contract revenues increased 12.0% to $1.272 billion • Non-GAAP Adjusted EBITDA increased to $170.7 million, or 13.4% of contract revenues • Non-GAAP Adjusted Net Income increased to $79.2 million, or $2.68 per common share diluted Palm Beach Gardens, Florida, November 20, 2024 - Dycom Industries, Inc. (NYSE: DY) announced today its results for the third quarter ended Octo ...

Third Quarter Highlights Contract revenues increased 12.0% to $1.272 billion Non-GAAP Adjusted EBITDA increased to $170.7 million, or 13.4% of contract revenues Non-GAAP Adjusted Net Income increased to $79.2 million, or $2.68 per common share diluted PALM BEACH GARDENS, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the third quarter ended October 26, 2024. Contract revenues increased 12.0% to $1.272 billion for the quarter ended October 26, 2024, ...