Loading...
•
Apr 25, 2020
Dycom Q1 2021 Earnings Report
Dycom's first quarter fiscal 2021 results were announced.
Key Takeaways
Dycom Industries reported a decrease in contract revenues to $814.3 million compared to $833.7 million in the same quarter last year. The company experienced a net loss of $32.4 million, or $1.03 per share, compared to a net income of $14.3 million, or $0.45 per share diluted, in the prior year.
Contract revenues totaled $814.3 million, compared to $833.7 million for the quarter ended April 27, 2019.
Organic contract revenues decreased by 1.8% after excluding $4.7 million in storm restoration services revenues from the previous year's quarter.
Net loss was $32.4 million, or a loss of $1.03 per common share, compared to a net income of $14.3 million, or $0.45 per common share diluted, for the quarter ended April 27, 2019.
The company had cash and equivalents of approximately $643.9 million as of April 25, 2020.
Forward Guidance
Given the significant uncertainty related to the duration and scope of the impact of COVID-19, the Company is not providing detailed financial guidance for the quarter ending July 25, 2020 or subsequent quarters at this time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...