Dycom Industries Posts Record Q1 Results, Raises Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 47 minutes ago
0mins
Source: seekingalpha
- Record Performance: Dycom Industries (DY) reported first-quarter contract revenue of $1.96 billion, a 56% increase year-over-year, significantly exceeding Wall Street's expectation of $1.67 billion, demonstrating strong performance amid booming demand for fiber and data center construction.
- Profitability Surge: Adjusted earnings per share reached $4.42, surpassing analyst expectations of $2.72, while net income nearly doubled to $134.3 million, reflecting significant improvements in cost control and operational efficiency.
- Optimistic Outlook: Dycom raised its fiscal 2027 revenue outlook to a range of $7.38 billion to $7.65 billion, based on strong first-quarter execution and ongoing demand trends, showcasing the company's confidence in future growth.
- Acquisition to Enhance Capabilities: Dycom announced the acquisition of Maryland-based National Technology Integrators for $275 million, enhancing its capabilities in structured cabling and data centers, which is expected to support larger project wins and further solidify its market position.
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Analyst Views on DY
Wall Street analysts forecast DY stock price to fall
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 420.470
Low
360.00
Averages
409.56
High
510.00
Current: 420.470
Low
360.00
Averages
409.56
High
510.00
About DY
Dycom Industries, Inc. is a provider of specialty contracting services focused on the digital infrastructure, telecommunications and utilities industries throughout the United States. These services include program management, planning, engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Company also provides electrical contracting services for data centers and other vital industries, underground facility locating services for various utilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities. It provides engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer’s home or business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dycom Industries Set to Announce Q1 Earnings on May 27
- Earnings Announcement: Dycom Industries (DY) is scheduled to release its Q1 earnings report on May 27 before market open, with consensus EPS estimates at $2.72, reflecting a 35.3% year-over-year increase, and revenue estimates at $1.67 billion, up 32.5%, indicating strong profitability and growth potential.
- Historical Performance: Over the past two years, DY has exceeded EPS and revenue estimates 88% of the time, demonstrating financial stability and reliability, which enhances investor confidence in the company's performance.
- Estimate Revisions: In the last three months, EPS estimates have seen two upward revisions and three downward adjustments, while revenue estimates experienced four upward revisions and two downward changes, reflecting mixed market sentiment regarding the company's future performance.
- Future Projections: Dycom projects revenue could reach up to $7.15 billion by FY 2027, driven by the diversification from the Power Solutions acquisition, showcasing the company's growth potential and strategic positioning in the market.
See More
Dycom Industries Posts Record Q1 Results, Raises Outlook
- Record Performance: Dycom Industries (DY) reported first-quarter contract revenue of $1.96 billion, a 56% increase year-over-year, significantly exceeding Wall Street's expectation of $1.67 billion, demonstrating strong performance amid booming demand for fiber and data center construction.
- Profitability Surge: Adjusted earnings per share reached $4.42, surpassing analyst expectations of $2.72, while net income nearly doubled to $134.3 million, reflecting significant improvements in cost control and operational efficiency.
- Optimistic Outlook: Dycom raised its fiscal 2027 revenue outlook to a range of $7.38 billion to $7.65 billion, based on strong first-quarter execution and ongoing demand trends, showcasing the company's confidence in future growth.
- Acquisition to Enhance Capabilities: Dycom announced the acquisition of Maryland-based National Technology Integrators for $275 million, enhancing its capabilities in structured cabling and data centers, which is expected to support larger project wins and further solidify its market position.
See More
Dycom Industries Reports Significant Q1 Net Income Growth
- Net Income Growth: Dycom Industries reported a net income increase to $91.29 million in Q1 from $61.05 million last year, indicating a significant improvement in profitability and reflecting strong market performance.
- Earnings Per Share Surge: Adjusted earnings per share rose from $2.39 to $4.42, demonstrating notable progress in cost control and operational efficiency, which enhances investor confidence.
- Revenue Guidance Raised: The company raised its 2027 contract revenue guidance from $6.85 billion to $7.15 billion, now expecting $7.38 billion to $7.65 billion, showcasing strong confidence in future growth that may attract more investor interest.
- Positive Market Reaction: Dycom Industries' stock price surged 24.37% in pre-market trading to $523 on the NYSE, reflecting market optimism regarding its financial performance and future outlook.
See More
Dycom Industries Q1 Earnings Exceed Expectations
- Strong Performance: Dycom Industries reported a Q1 non-GAAP EPS of $4.42, beating expectations by $1.70, which highlights the company's significant profitability improvement and strong market performance.
- Revenue Surge: The company achieved revenues of $1.96 billion, reflecting a 55.6% year-over-year increase and surpassing market expectations by $290 million, indicating robust demand and competitive positioning in the industry.
- Contract Revenue Growth: Contract revenues reached $1.965 billion, up 56.1% year-over-year, with organic growth of 24.7%, showcasing the company's success in securing new projects and clients, thereby solidifying its market position.
- Future Outlook: For the fiscal year ending January 30, 2027, contract revenue is projected between $7.38 billion and $7.65 billion, demonstrating confidence in future growth, while total backlog increased by 46.5% to $11.906 billion, indicating strong demand ahead.
See More
Major Earnings Reports Expected Before Wednesday's Open
- Earnings Reports: Major companies such as PDD Holdings, Bank of Nova Scotia, and Bank of Montreal are set to release significant earnings reports before Wednesday's market open, which could impact market sentiment.
- Multiple Participants: In addition to these key players, Abercrombie & Fitch and DICK'S Sporting Goods will also report on the same day, reflecting the overall performance of the retail sector.
- Market Focus: Investors will closely monitor these earnings to assess signs of economic recovery and changes in consumer spending, which could influence market trends.
- Complete Earnings Calendar: Seeking Alpha provides a full earnings season calendar, assisting investors in tracking upcoming reports to ensure they do not miss critical information.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
Dycom Industries Set to Announce Q1 Earnings on May 27
- Earnings Announcement: Dycom Industries (DY) is scheduled to release its Q1 earnings report on May 27 before market open, with consensus EPS estimates at $2.72, reflecting a 35.3% year-over-year increase, and revenue estimates at $1.67 billion, up 32.5%, indicating strong profitability and growth potential.
- Historical Performance: Over the past two years, DY has exceeded EPS and revenue estimates 88% of the time, demonstrating financial stability and reliability, which enhances investor confidence in the company's performance.
- Estimate Revisions: In the last three months, EPS estimates have seen two upward revisions and three downward adjustments, while revenue estimates experienced four upward revisions and two downward changes, reflecting mixed market sentiment regarding the company's future performance.
- Future Projections: Dycom projects revenue could reach up to $7.15 billion by FY 2027, driven by the diversification from the Power Solutions acquisition, showcasing the company's growth potential and strategic positioning in the market.
See More
Dycom Industries Posts Record Q1 Results, Raises Outlook
- Record Performance: Dycom Industries (DY) reported first-quarter contract revenue of $1.96 billion, a 56% increase year-over-year, significantly exceeding Wall Street's expectation of $1.67 billion, demonstrating strong performance amid booming demand for fiber and data center construction.
- Profitability Surge: Adjusted earnings per share reached $4.42, surpassing analyst expectations of $2.72, while net income nearly doubled to $134.3 million, reflecting significant improvements in cost control and operational efficiency.
- Optimistic Outlook: Dycom raised its fiscal 2027 revenue outlook to a range of $7.38 billion to $7.65 billion, based on strong first-quarter execution and ongoing demand trends, showcasing the company's confidence in future growth.
- Acquisition to Enhance Capabilities: Dycom announced the acquisition of Maryland-based National Technology Integrators for $275 million, enhancing its capabilities in structured cabling and data centers, which is expected to support larger project wins and further solidify its market position.
See More
Dycom Industries Reports Significant Q1 Net Income Growth
- Net Income Growth: Dycom Industries reported a net income increase to $91.29 million in Q1 from $61.05 million last year, indicating a significant improvement in profitability and reflecting strong market performance.
- Earnings Per Share Surge: Adjusted earnings per share rose from $2.39 to $4.42, demonstrating notable progress in cost control and operational efficiency, which enhances investor confidence.
- Revenue Guidance Raised: The company raised its 2027 contract revenue guidance from $6.85 billion to $7.15 billion, now expecting $7.38 billion to $7.65 billion, showcasing strong confidence in future growth that may attract more investor interest.
- Positive Market Reaction: Dycom Industries' stock price surged 24.37% in pre-market trading to $523 on the NYSE, reflecting market optimism regarding its financial performance and future outlook.
See More
Dycom Industries Q1 Earnings Exceed Expectations
- Strong Performance: Dycom Industries reported a Q1 non-GAAP EPS of $4.42, beating expectations by $1.70, which highlights the company's significant profitability improvement and strong market performance.
- Revenue Surge: The company achieved revenues of $1.96 billion, reflecting a 55.6% year-over-year increase and surpassing market expectations by $290 million, indicating robust demand and competitive positioning in the industry.
- Contract Revenue Growth: Contract revenues reached $1.965 billion, up 56.1% year-over-year, with organic growth of 24.7%, showcasing the company's success in securing new projects and clients, thereby solidifying its market position.
- Future Outlook: For the fiscal year ending January 30, 2027, contract revenue is projected between $7.38 billion and $7.65 billion, demonstrating confidence in future growth, while total backlog increased by 46.5% to $11.906 billion, indicating strong demand ahead.
See More
Major Earnings Reports Expected Before Wednesday's Open
- Earnings Reports: Major companies such as PDD Holdings, Bank of Nova Scotia, and Bank of Montreal are set to release significant earnings reports before Wednesday's market open, which could impact market sentiment.
- Multiple Participants: In addition to these key players, Abercrombie & Fitch and DICK'S Sporting Goods will also report on the same day, reflecting the overall performance of the retail sector.
- Market Focus: Investors will closely monitor these earnings to assess signs of economic recovery and changes in consumer spending, which could influence market trends.
- Complete Earnings Calendar: Seeking Alpha provides a full earnings season calendar, assisting investors in tracking upcoming reports to ensure they do not miss critical information.
See More
Wall Street Trading Week Outlook and Focus
- Salesforce Earnings Outlook: Salesforce is set to report earnings on Wednesday, with market concerns about its AI business still prevalent; analysts expect revenue of $11.05 billion and EPS of $3.12, and strong revenue growth could alleviate worries about slowing growth in its legacy business.
- Costco Membership Renewal Challenges: Costco will report earnings on Thursday, with expected revenue of $69.73 billion and EPS of $4.93; while high oil prices may pressure profit margins, its membership model and bulk selling strategy are likely to attract consumers, especially during periods of rising gas prices.
- Economic Data Focus: The personal consumption expenditures (PCE) price index will be released on Thursday, with a year-over-year increase expected at 3.8% and a core increase of 3.3%, which will influence the Federal Reserve's rate hike decisions, leaving the market uncertain about future rate changes.
- Investor Conference Season: This week marks the start of investor conference season, with Boeing, Johnson & Johnson, and others attending the Bernstein Strategic Decisions Conference, where analyst questions may reveal insights into market perceptions of company futures, making it a key event to watch.
See More
