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Apr 27, 2024
Dycom Q1 2025 Earnings Report
Dycom's first quarter of fiscal year 2025 resulted in revenue increase and improved profitability.
Key Takeaways
Dycom Industries reported a 9.3% increase in contract revenues to $1.142 billion for the first quarter ended April 27, 2024. Non-GAAP Adjusted EBITDA increased to $130.9 million, and net income rose to $62.6 million, or $2.12 per diluted share.
Contract revenues increased by 9.3% reaching $1.142 billion.
Non-GAAP Adjusted EBITDA was $130.9 million, representing 11.5% of contract revenues.
Net income increased to $62.6 million, or $2.12 per diluted common share.
The company repurchased 210,000 common shares for $29.8 million during the quarter.
Forward Guidance
For the quarter ending July 27, 2024, the Company expects organic contract revenues to grow by high-single digits as a percentage of contract revenues compared to the quarter ended July 29, 2023. In addition, the Company expects approximately $70 million of acquired contract revenues for the quarter ending July 27, 2024. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending July 27, 2024 is expected to increase 25 to 75 basis points compared to the quarter ended July 29, 2023.
Positive Outlook
- Expects organic contract revenues to grow by high-single digits as a percentage of contract revenues compared to the quarter ended July 29, 2023.
- Expects approximately $70 million of acquired contract revenues for the quarter ending July 27, 2024.
- Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending July 27, 2024 is expected to increase 25 to 75 basis points compared to the quarter ended July 29, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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