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Jul 30, 2022
Dycom Q2 2023 Earnings Report
Dycom's Q2 2023 results were announced, featuring revenue growth and increased profitability.
Key Takeaways
Dycom Industries reported a strong second quarter with a 23.5% increase in contract revenues, reaching $972.3 million. Non-GAAP Adjusted EBITDA also saw significant growth, reaching $104.7 million. Net income increased to $43.9 million, or $1.46 per diluted share.
Contract revenues increased by 23.5% to $972.3 million.
Non-GAAP Adjusted EBITDA was $104.7 million, representing 10.8% of contract revenues.
Net income reached $43.9 million, or $1.46 per diluted share.
The company repurchased 104,030 common shares for $10.0 million during the quarter.
Forward Guidance
The Company expects contract revenues for the quarter ending October 29, 2022 to increase low- to mid-teens as a percentage of contract revenues as compared to the quarter ended October 30, 2021. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase modestly for the quarter ending October 29, 2022 as compared to the quarter ended October 30, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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