Dycom Q1 2025 Earnings Report
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.
Dycom
Dycom
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.