Dycom Q2 2025 Earnings Report
Key Takeaways
Dycom Industries reported a 15.5% increase in contract revenues, reaching $1.203 billion for the second quarter ended July 27, 2024. Net income also increased to $68.4 million, or $2.32 per diluted share, compared to $60.2 million, or $2.03 per diluted share, in the year-ago quarter.
Contract revenues increased by 15.5% to $1.203 billion.
Organic contract revenues increased by 9.2%, excluding revenues from recent acquisitions.
Non-GAAP Adjusted EBITDA increased to $158.3 million, representing 13.2% of contract revenues.
Net income rose to $68.4 million, or $2.32 per diluted share.
Dycom
Dycom
Forward Guidance
For the quarter ending October 26, 2024, the Company expects total contract revenues to increase mid- to high single digit as a percentage of contract revenues, compared to $1.136 billion for the quarter ended October 28, 2023. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending October 26, 2024 is expected to increase approximately 25 to 50 basis points compared to 12.9% for the quarter ended October 28, 2023, after excluding 1.8% of incremental benefit in EBITDA margin from the impacts of a change order and the closeout of several projects reported in the prior year period.