Dycom Industries (DY) Approves New $150 Million Stock Repurchase Program

Dycom Industries, Inc. (NYSE: DY) announced that its Board of Directors has authorized a new $150 million program to repurchase shares of Dycom's outstanding common stock. Repurchases under the new program are authorized to be made over the next eighteen (18) months in open market or private transactions. The exact timing and amount of repurchases will depend on market conditions and other factors. The new repurchase authorization replaces the Company's previous repurchase authorization which expired on August 26, 2018. At expiration, approximately $95.2 million of the previous repurchase authorization remained outstanding. As of August 29, 2018, the Company had 31,235,669 shares of common stock outstanding, excluding the dilutive effect of stock options and unvested restricted stock.

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