Dycom Industries: Not Just A One Quarter Pop
Darspal S Mann
Darspal S Mann
Wed, May 25, 12:59 PM
- Dycom (DY +13.9%) surges after the specialty contracting company easily beat FQ3 earnings and revenue estimates and offered above consensus guidance.
- DY issued upside guidance for FQ4, seeing EPS of $1.40-$1.60 vs. $1.36 analyst consensus estimate, and FQ4 revenues of $750M-$780M vs. $730.8M consensus.
- DY said total revenue growth accelerated in FQ4, up 35%, including a 29% gain on an organic basis.
- DA Davidson analysts say the growth appears to reflect increasing demand for fiber optic installation and other construction services from telecom network providers, with DY well positioned to capitalize on the demand as the largest provider of these services (Briefing.com).
- Other providers of specialty contracting services are higher: PWR +3.4%, MTZ +3.4%, WPCS +5.5%.
Wed, May 25, 12:50 PM
Wed, May 25, 9:20 AM
Tue, May 24, 5:35 PM
Tue, May 24, 4:07 PM
Wed, Feb. 24, 9:21 AM
Wed, Feb. 24, 9:17 AM
- Dycom Industries (NYSE:DY) -6.8% premarket after the specialty contractor's FQ2 earnings and FQ3 guidance fell short of expectations.
- DY sees FQ3 EPS of $0.70-$0.78, vs. $0.84 analyst consensus estimate, on revenues of $585M-$605M vs. $593.7M consensus.
- DY's board authorizes an additional $50M to buy back stock.
Tue, Feb. 23, 5:41 PM
Nov. 23, 2015, 4:15 PM
- Dycom Industries (NYSE:DY): FQ1 EPS of $1.24 beats by $0.23.
- Revenue of $659.27M (+29.2% Y/Y) beats by $33.65M.
- Shares +3.25%.
Sep. 8, 2015, 6:56 PM
- With its big customers awash in $1.5B in federal funds (for the first year) to build rural broadband, network builder Dycom (DY +5%) stands to see revenue gains on the way as construction starts in earnest.
- AT&T, CenturyLink, Verizon, Windstream and Frontier are accepting that total in phase two of Connect America Fund monies, funds with strings attached to spread broadband Internet to harder-to-reach rural areas. AT&T and CenturyLink combined for more than $933M of that -- some large chunk of which should outsource to Dycom as the projects begin, Sean Buckley notes.
- The impact is likely to be felt in 2016 as companies pursue the goal of bringing 10 Mbps down / 1 Mbps upstream speeds to target parts of their footprints.
- Many of the grants will hit locations Dycom already serves, Wells Fargo notes: "We estimate that $676MM of the $1.5B in accepted grants will be in states where DY has a current construction agreement in place with an existing customer," writes Jennifer Fritzsche. "Furthermore, DY recently announced 2 acquisitions it stated would expand its footprint among the CAF 2 recipients, making the potential opportunity even larger."
- Meanwhile, shares have fallen 1.7% after hours as the company announces plans to offer $400M in convertible senior notes via private placement. Dycom has authorized up to $75M in buybacks in connection with the notes offering.
Aug. 25, 2015, 5:40 PM
Aug. 25, 2015, 4:46 PM
- Specialty contracting firm Dycom (NYSE:DY) is zooming in aftermarket trading, +9.5%, after beating fiscal Q4 expectations soundly on top and bottom lines and guiding to the high side of consensus for Q1, with the help of acquisitions.
- Contract revenues grew 20% and 18.2% on an organic basis. Total revenues from acquired businesses were $11.8M, of the total revenue of $578.5M.
- Adjusted EBITDA was $88.5M (up 54%), beating an expected $79.7M.
- Dycom is guiding to Q1 revenue of $615M-$635M, well ahead of an expected $567.6M, and diluted EPS of $0.96-$1.04 vs. expectations of $0.76.
- Conference call to come tomorrow at 9 a.m. ET.
May 20, 2015, 12:45 PM
May 20, 2015, 11:58 AM
- Dycom Industries (DY +20.8%) soars after FQ3 earnings and revenues beat expectations, continuing its streak of higher sales since 2010 and offering upbeat guidance.
- In February, DY had projected FQ3 EPS to come in below the previous year's $0.28 while revenue was seen at $390M-$415M; the actual results were $0.58 EPS on $492M in revenue.
- DY's contract revenue for the quarter jumped 48% Y/Y and 6.2% Q/Q to $437.4M, but gross margin narrowed to 3.9% from 4.1% as total costs increased 48%.
- DY sees FQ4 EPS of $0.74-$0.82 vs. $0.58 analyst consensus estimate and revenues of $550M-$570M vs. $522M consensus.
Nov. 25, 2014, 12:45 PM
Nov. 12, 2014, 5:36 PM
Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities... More
Sector: Industrial Goods
Industry: Heavy Construction
Country: United States
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