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Oct 29, 2022
Dycom Q3 2023 Earnings Report
Dycom's third quarter of fiscal year 2023 resulted in revenue growth and increased profitability.
Key Takeaways
Dycom Industries reported a strong third quarter with a 22.1% increase in contract revenues, reaching $1.042 billion. Net income also saw a significant rise to $54.0 million, or $1.80 per diluted share, and Non-GAAP Adjusted EBITDA increased to $114.6 million.
Contract revenues increased by 22.1% to $1.042 billion.
Non-GAAP Adjusted EBITDA reached $114.6 million, representing 11.0% of contract revenues.
Net income was reported at $54.0 million, or $1.80 per diluted share.
The company expects contract revenues for the next quarter to increase by mid- to high-single digit.
Forward Guidance
The Company expects contract revenues for the quarter ending January 28, 2023 to increase by mid- to high-single digit as a percentage of contract revenues as compared to the quarter ended January 29, 2022. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase modestly for the quarter ending January 28, 2023 as compared to the quarter ended January 29, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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