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Jul 25, 2020
Dycom Q2 2021 Earnings Report
Dycom's Q2 2021 performance saw a decrease in contract revenues but an increase in net income and Non-GAAP Adjusted EBITDA.
Key Takeaways
Dycom Industries reported a decrease in contract revenues but an increase in net income and Non-GAAP Adjusted EBITDA for the second quarter of fiscal year 2021. The company continues to monitor the impact of the COVID-19 pandemic on its business.
Contract revenues decreased by 6.8% on an organic basis compared to the same quarter last year.
Non-GAAP Adjusted EBITDA increased to $102.7 million, or 12.5% of contract revenues.
GAAP net income increased to $37.0 million, or $1.15 per common share diluted.
Notional net debt was reduced by $94.0 million during the quarter.
Forward Guidance
The Company anticipates contract revenues and margins to range from in-line to modestly lower on a sequential basis for the quarter ending October 24, 2020, as compared to the quarter ended July 25, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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