Dycom Announces Authorization of a New $150 Million Stock Repurchase Program

Core Viewpoint - Dycom Industries, Inc. has authorized a new $150 million share repurchase program to be executed over the next 18 months, replacing the previous program with approximately$55 million remaining [1] Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services for telecommunications infrastructure and utility industries in the United States, offering services such as program management, planning, engineering, construction, maintenance, and fulfillment [2] Share Repurchase Program Details - The new share repurchase program allows for open market purchases or privately-negotiated transactions, including a Rule 10b5-1 plan, with the timing and amount dependent on market conditions [1] - The company currently has 28,979,138 shares of common stock outstanding, excluding the dilutive effect of stock options and unvested restricted stock [1]