Dycom Industries is a leading provider of specialty contracting services primarily focused on telecommunications infrastructure
The company supports the deployment and maintenance of advanced communication networks, including fiber-optic and wireless systems, for major telecommunications carriers and other entities. Dycom's expertise encompasses a wide range of services, from underground and aerial construction to project management and engineering, enabling its clients to expand and enhance their connectivity solutions. With a strong emphasis on safety and innovation, Dycom plays a crucial role in the evolution of communication technologies and the ongoing rollout of next-generation networks across the nation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sterling (NASDAQSTRL) and the best and worst performers in the engineering and design services industry.
Shares of telecommunications company Dycom (NYSEDY)
fell 9.8% in the afternoon session after the company reported weak fourth-quarter 2024 results: Its revenue and EBITDA guidance for the next quarter fell short of Wall Street's estimates. On the other hand, Dycom beat analysts' revenue, EBITDA, and EPS expectations this quarter. Overall, this was a mixed yet weaker quarter.
Telecommunications company Dycom (NYSEDY) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 13.9% year on year to $1.08 billion. On the other hand, next quarter’s revenue guidance of $1.18 billion was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP profit of $1.11 per share was 33.3% above analysts’ consensus estimates.
PALM BEACH GARDENS, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSEDY) today announced that its Board of Directors has authorized a new $150 million program to repurchase shares of Dycom’s outstanding common stock. Repurchases under the new program are authorized to be made over the next eighteen (18) months in open market purchases or privately-negotiated transactions, including pursuant to a Rule 10b5-1 plan. The exact timing and amount of repurchases will depend on market conditions and other factors. The repurchase program does not obligate Dycom to acquire any particular amount of common stock, and may be suspended or discontinued at any time. The new program replaces the Company’s previous $150 million stock repurchase program of which approximately $55.0 million remained outstanding. As of February 25, 2025, the Company had 28,979,138 shares of common stock outstanding, excluding the dilutive effect of stock options and unvested restricted stock.
PALM BEACH GARDENS, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSEDY) announced today that the Company will participate in the following upcoming institutional investor conferences:
PALM BEACH GARDENS, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSEDY) today announced the appointment of Jill L. Ramshaw as Vice President and Chief Human Resources Officer. Ms. Ramshaw brings more than 20 years of strategic human resources and cross-functional leadership experience to Dycom, where she will lead the Company’s human resources organization and further its human capital strategy.
PALM BEACH GARDENS, Fla., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSEDY) will host a conference call to discuss fiscal 2025 fourth quarter and annual results on Wednesday, February 26, 2025, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
Dycom has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 10.3% to $191.32 per share while the index has gained 12.6%.
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PALM BEACH GARDENS, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSEDY) 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:
Telecommunications company Dycom (NYSEDY) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12% year on year to $1.27 billion. On top of that, next quarter’s revenue guidance ($1.22 billion at the midpoint) was surprisingly good and 13.9% above what analysts were expecting. Its non-GAAP profit of $2.68 per share was 16.1% above analysts’ consensus estimates.
