Dycom Q4 2024 Earnings Report
Key Takeaways
Dycom Industries, Inc. announced its Q4 2024 results, with contract revenues increasing by 3.8% to $952.5 million compared to the previous year. Non-GAAP Adjusted EBITDA increased to $93.7 million, representing 9.8% of contract revenues. Net income for the quarter was $23.4 million, or $0.79 per diluted common share.
Contract revenues increased by 3.8% to $952.5 million.
Non-GAAP Adjusted EBITDA reached $93.7 million, or 9.8% of contract revenues.
Net income totaled $23.4 million, equivalent to $0.79 per diluted common share.
The company repurchased 260,000 shares of its common stock for $29.4 million.
Dycom
Dycom
Forward Guidance
The Company expects organic contract revenues for the quarter ending April 27, 2024 to range from in-line to slightly lower as a percentage of contract revenues compared to the quarter ended April 29, 2023. In addition, the Company expects approximately $60 million of acquired contract revenues for the quarter ending April 27, 2024. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending April 27, 2024 is expected to increase 25 to 75 basis points compared to the quarter ended April 29, 2023. Looking ahead to the quarter ending July 27, 2024, the Company expects organic revenue growth to resume.