Dycom Q4 revenue $917.5M (+20.5% YoY); net income $24.8M vs $0.8M; guides Q1 mid-high single digit growth

DYCOM INDUSTRIES INC

2023-FY EPS reported $4.74 revenue$3,808,462,000

Q4 contract revenues $917.5M, up 20.5% YoY; Non-GAAP Adj. EBITDA $83.1M (9.1% margin) vs $43.3M (5.7%).
Q4 net income $24.8M ($0.83 diluted EPS) vs $0.8M ($0.03) in prior year; prior year included $4.3M tax benefits.
Full year FY2023 contract revenues $3.808B (+21.8% organic); net income $142.2M ($4.74 EPS) vs $48.6M ($1.57).
Repurchased 210k shares for $20.2M in Q4; full year 514k shares for $48.7M at avg $94.80.
Outlook: Q1 FY2024 revenue growth mid- to high-single digit YoY; Adj. EBITDA margin expected to increase modestly.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DYCOM INDUSTRIES INC reported the fourth quarter ended January 28, 2023 results: revenue $917.5 million, net income $24.8 million, EPS $0.83 per common share diluted. Guidance initiated.

Period: the fourth quarter ended January 28, 2023
Revenue: $917.5 million
Net income: $24.8 million
EPS: $0.83 per common share diluted
Guidance: initiated
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- NEWS RELEASE March 1, 2023 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2023 FOURTH QUARTER AND ANNUAL RESULTS Fourth Quarter Highlights • Contract revenues of $917.5 million; 20.5% growth • Non-GAAP Adjusted EBITDA of $83.1 million, or 9.1% of contract revenue • Net Income of $24.8 million, or $0.83 per common share diluted Palm Beach Gardens,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DYCOM INDUSTRIES INC reported the fiscal year ended January 28, 2023 results: revenue $3.808 billion, net income $142.2 million, EPS $4.74 per common share diluted.

Period: the fiscal year ended January 28, 2023
Revenue: $3.808 billion
Net income: $142.2 million
EPS: $4.74 per common share diluted
Result: reported results

Exact text from the filing

Contract revenues were $3.808 billion for the fiscal year ended January 28, 2023, compared to $3.131 billion for the fiscal year ended January 29, 2022.

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Source: SEC EDGAR

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