Dycom Industries Inc

Latest Results (26.12.2024):

Revenue Growth

In the fiscal fourth quarter of 2024, Dycom Industries Inc. reported contract revenues of $952.5 million, marking a 3.8% increase compared to $917.5 million in the same quarter of the previous year. However, on an organic basis, contract revenues decreased by 2.5% after excluding $57.5 million from an acquired business not owned in the prior year.

EBITDA Performance

Dycom Industries Inc. achieved a Non-GAAP Adjusted EBITDA of $93.7 million for the fiscal fourth quarter of 2024, which represents 9.8% of contract revenues. This is an improvement from the previous year's fourth quarter, where the Non-GAAP Adjusted EBITDA was $83.1 million, or 9.1% of contract revenues.

Net Income

For the fiscal fourth quarter of 2024, Dycom Industries Inc. reported a net income of $23.4 million, or $0.79 per diluted share. This is a slight decrease from the net income of $24.8 million, or $0.83 per diluted share, reported in the same quarter of the previous year.

Annual Financial Highlights

Over the fiscal year ending January 27, 2024, Dycom Industries Inc. saw contract revenues rise by 9.6% to $4.176 billion, compared to $3.808 billion in the prior year. The company's net income for the fiscal year increased significantly to $218.9 million, or $7.37 per diluted share, from $142.2 million, or $4.74 per diluted share, in the previous year.

Outlook

Looking ahead, Dycom Industries Inc. anticipates that organic contract revenues for the quarter ending April 27, 2024, will be in line with or slightly lower than the same quarter of the previous year. The company also expects approximately $60 million in acquired contract revenues for the upcoming quarter, with Non-GAAP Adjusted EBITDA as a percentage of contract revenues projected to increase by 25 to 75 basis points.