Dycom stock rises 13% as FQ1 revenue soars Y/Y

May 25, 2022 11:13 AM ETDycom Industries, Inc. (DY)By: Ravikash, SA News Editor

Rolled newspaper with the headline Quarterly Results

Zerbor/iStock via Getty Images

  • Dycom Industries (NYSE:DY) stock rose ~13% on May 25 after FQ1 results beat analysts' estimates.
  • Contract revenues grew +20.45% Y/Y to $876.3M.
  • Non-GAAP adjusted EBITDA rose +44.56% to $63.72M.
  • Q1 non-GAAP adjusted net loss was $1.2M, or -$0.04 per share.
  • GAAP net income increased to $19.5M, compared to $0.9M in Q1 2021.
  • Outlook:
  • Dycom expects contract revenues for the quarter ending July 30, to increase mid-teens to 20% as a percentage of contract revenues, as compared to the same period a year ago.
  • The company noted that non-GAAP adjusted EBITDA as a percentage of contract revenues is expected to range from in-line to modestly higher for FQ2, compared to the same period a year ago.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.