Dycom Industries (DY) Misses Q4 EPS by 15c, Misses on Revenue, Comments on Guidance

Dycom Industries (NYSE: DY) reported Q4 EPS of $0.79, $0.15 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $952.5 million versus the consensus estimate of $966.82 million.

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. For additional information regarding the Company’s outlook, please see the presentation materials available on the Company’s website posted in connection with the conference call discussed below.

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