earnings
confidence high
sentiment positive
materiality 0.70
Dycom Q1 revenue $1.045B (+19.3%), net income $51.5M ($1.73 EPS)
DYCOM INDUSTRIES INC
2024-Q1 EPS reported
$1.73
revenue$1,045,474,000
- Contract revenues of $1.045 billion, up 19.3% from $876.3M a year ago.
- Non-GAAP Adjusted EBITDA of $113.5M (10.9% of revenue) vs $63.7M (7.3%) prior year.
- Net income of $51.5M ($1.73 diluted EPS) compared to $19.5M ($0.65) in year-ago period.
- Repurchased 225,000 shares for $20.3M at an average price of $90.21 during the quarter.
- Q2 outlook: revenue expected mid-single-digit YoY increase; Adj. EBITDA margin +50-100 bps.