earnings
confidence high
sentiment positive
materiality 0.80
Dycom Q3 FY2024 revenue $1.136B, EPS $2.82, up from $1.80 YoY; guides EBITDA margin up
DYCOM INDUSTRIES INC
2024-Q3 EPS reported
$6.58
revenue$3,223,119,000
- Contract revenues of $1.136B, organic growth 4.6% YoY after excluding $45.2M from acquired business.
- GAAP net income $83.7M ($2.82 diluted EPS) vs $54.0M ($1.80) in prior year quarter.
- Non-GAAP Adjusted EBITDA $166.8M, or 14.7% of revenue, up from 11.0% a year ago.
- Change orders and project closeouts added $23.6M to gross margin and $0.59 to diluted EPS.
- Q4 guidance: organic revenue in line with prior year; EBITDA margin up 75-125 bps.