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Apr 30, 2022
Dycom Q1 2023 Earnings Report
Dycom's first quarter of fiscal year 2023 resulted in increased contract revenues and profitability.
Key Takeaways
Dycom Industries reported a strong first quarter with a 21.1% organic growth in contract revenues, reaching $876.3 million. GAAP net income was $19.5 million, or $0.65 per diluted share, and Non-GAAP Adjusted EBITDA was $63.7 million, representing 7.3% of contract revenues.
Contract revenues reached $876.3 million, demonstrating 21.1% organic growth.
Non-GAAP Adjusted EBITDA was $63.7 million.
GAAP Net Income amounted to $19.5 million, or $0.65 per diluted common share.
The company repurchased 200,000 common shares for $18.5 million during the quarter.
Forward Guidance
The Company expects contract revenues for the quarter ending July 30, 2022 to increase mid-teens to 20% as a percentage of contract revenues as compared to the quarter ended July 31, 2021. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to range from in-line to modestly higher for the quarter ending July 30, 2022 as compared to the quarter ended July 31, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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