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Jan 30, 2021
Dycom Q4 2021 Earnings Report
Dycom's Q4 2021 financial results were announced, revealing a mix of revenue and earnings performance.
Key Takeaways
Dycom Industries reported contract revenues of $750.7 million, a slight increase from the previous year. However, on a GAAP basis, the company experienced a net loss of $4.2 million, although this was an improvement compared to the previous year's net loss of $11.2 million.
Contract revenues increased to $750.7 million from $737.6 million year-over-year.
Non-GAAP Adjusted EBITDA was $45.7 million, representing 6.1% of contract revenues.
GAAP net loss improved to $4.2 million, or a loss of $0.13 per share, compared to a net loss of $11.2 million, or $0.35 per share, in the prior year.
The company repurchased 1,324,381 common shares for $100.0 million during the quarter.
Dycom
Dycom
Forward Guidance
For the quarter ending May 1, 2021, as compared sequentially to the quarter ended January 30, 2021, the Company expects contract revenues to range from in-line to modestly lower and Non-GAAP Adjusted EBITDA as a percentage of contract revenues to range from in-line to modestly higher.
Challenges Ahead
- The Company believes the impact of the COVID-19 pandemic on its operating results, cash flows and financial condition is uncertain, unpredictable and could affect its ability to achieve these expected financial results.