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Last $58.87 USD
Change Today +0.49 / 0.84%
Volume 213.7K
DY On Other Exchanges
Symbol
Exchange
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As of 3:59 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

dycom industries inc (DY) Key Developments

Dycom Industries Seeks Small Acquisitions

President and Chief Executive Officer of Dycom Industries Inc. (NYSE:DY), Steven Nielsen said in earnings conference, "We certainly continue to look at some small acquisitions, and we are happy to do that."

Dycom Industries, Inc. Appoints Laurie J. Thomsen as Director

Dycom Industries Inc. announced the appointment of Laurie J. Thomsen as a director. Ms. Thomsen served as an Executive Partner of New Profit Inc. from 2006 to 2010, and she served on its board from 2001 to 2006. In connection with Ms. Thomsen's appointment, the company’s board of directors approved a resolution to increase the number of board members from seven to eight. The appointment, effective May 19, 2015, is for a term extending until the company’s next annual meeting of shareholders. Ms. Thomsen currently serves on the boards of directors of The Travelers Company Inc. and MFS Mutual Funds.

Dycom Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 25, 2015; Provides Earnings Guidance for the Fourth Quarter 2015 and First Quarter of 2016

Dycom Industries Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended April 25, 2015. For the quarter, the company's contract revenues were $492.4 million for the quarter ended April 25, 2015, compared to $426.3 million for the quarter ended April 26, 2014. Contract revenues for the quarter ended April 25, 2015 grew 13.4% on an organic basis after excluding revenues from acquired businesses that were not owned for the full period in both the current and the prior year periods. Total revenues from acquired businesses were $8.9 million for the quarter ended April 25, 2015. Adjusted EBITDA Non-GAAP of $63.0 million or 12.8% of revenue, for the quarter ended April 25, 2015, compared to $39.6 million, or 9.3% of revenue, for the quarter ended April 26, 2014. Net income of $20.3 million, or $0.58 diluted per common share, for the quarter ended April 25, 2015, compared to $7.9 million, or $0.23 diluted per common share, for the quarter ended April 26, 2014. Income before income taxes was $32,257,000 against $13,074,000 a year ago. Earnings before interest, taxes, depreciation & amortization were $62,888,000 against $42,363,000 a year ago. Operating cash flows of $40.3 million reflect solid earnings and changes in working capital. Capital expenditures, net of disposal, were $35.3 million and gross CapEx was approximately $38.1 million. Revenue increased 15.5% significantly year-over-year. This quarter was impacted by a broad increase in demand from its key customers, particularly those deploying 1 gigabit wire line networks and those where the company is growing core market share. For the nine months, the company's contract revenues were $1.444 billion for the nine months ended April 25, 2015, compared to $1.330 billion for the nine months ended April 26, 2014. Contract revenues for the nine months ended April 25, 2015 grew 6.4% on an organic basis after excluding revenues from acquired businesses that were not owned for the full period in both the current and the prior year periods. Total revenues from acquired businesses were $28.6 million for the nine months ended April 25, 2015. Adjusted EBITDA Non-GAAP of $177.0 million or 12.3% of revenue, for the nine months ended April 25, 2015 compared to $130.9 million, or 9.8% of revenue, for the nine months ended April 26, 2014. Net income of $50.5 million, or $1.44 per common share diluted, for the nine months ended April 25, 2015 compared to $23.5 million, or $0.68 per common share diluted, for the nine months ended April 26, 2014. Income before income taxes was $82,175,000 against $39,137,000 a year ago. Earnings before interest, taxes, depreciation & amortization were $172,480,000 against $129,099,000 a year ago. Cash flow from operations was $123.6 million and Capital expenditures, net of disposals were $70.1 million. Net debt was $424.1 million. The company also announced its guidance for the fourth quarter of fiscal 2015. For the quarter, the company currently expects total revenue for the fourth quarter of fiscal 2015 in the range from $550 million to $570 million and Non-GAAP diluted earnings per share to range from $0.74 to $0.82. The company expects effective tax rate to be 38.5%. The company expects net CapEx for fiscal 2015 to come in near $90 million, reflecting robust opportunities in the business. Gross margin expected to be a percentage which expands from fourth quarter of 2014. Depreciation & amortization expected in the range from $24.9 million to $25.4 million. Interest expense expected to be approximately $6.8 million. Adjusted EBITDA expected to be a percentage which expands from fourth quarter of 2014. The company announced its guidance for the first quarter of fiscal 2016. For the quarter, the company currently expects revenue growth - high-single to low-double digits percentage compared to first quarter of 2015. Gross Margin percentage which increases from first quarter of 2015. Depreciation & Amortization will be in the range of $25.3 million to $25.8 million. Interest Expense approximately $6.8 million. Adjusted EBITDA percentage increases from first quarter of 2015.

Dycom Industries Inc. to Report Q3, 2015 Results on May 19, 2015

Dycom Industries Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on May 19, 2015

Dycom Industries Inc., Q3 2015 Earnings Call, May 20, 2015

Dycom Industries Inc., Q3 2015 Earnings Call, May 20, 2015

 

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Industry Analysis

DY

Industry Average

Valuation DY Industry Range
Price/Earnings 30.6x
Price/Sales 1.0x
Price/Book 3.8x
Price/Cash Flow 12.4x
TEV/Sales 0.8x
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