Dycom Q4 2020 Earnings Report
Key Takeaways
Dycom Industries reported a decrease in contract revenues for the fourth quarter of fiscal year 2020, from $748.6 million to $737.6 million. The company experienced a net loss of $11.2 million, or $0.35 per share. However, the company reduced its net debt by approximately $176.3 million during the quarter.
Contract revenues were $737.6 million, a slight decrease from $748.6 million in the same quarter last year.
Organic contract revenues increased by 1.3% year-over-year, excluding storm restoration services revenues.
Net loss was $11.2 million, or $0.35 per common share, compared to a net loss of $12.1 million, or $0.38 per common share, in the prior year's quarter.
Net debt was reduced by approximately $176.3 million during the quarter.
Dycom
Dycom
Forward Guidance
The Company expects total contract revenues for the fiscal quarter ending April 25, 2020 to range from $730 million to $780 million. On a GAAP basis, loss per common share for the fiscal quarter ending April 25, 2020 is expected to range from $(0.20) to $(0.03) and Non-GAAP Adjusted Diluted (Loss) Earnings per Common Share is expected to range from $(0.09) to $0.08.