Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. Specialty Contracting Services The company’s subsidiaries supply telecommunication providers with a range of specialty contracting services, from engineering, construction, maintenance, and installation to underground facility locating. The company’s engineering services include the design of aerial, underground and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company central office, or cable operator headend, to the consumer's home or business. The company’s construction, maintenance, and installation services include the placement and splicing of fiber, copper, and coaxial cables. In addition, the company excavates trenches in which to place these cables; place related structures, such as poles, anchors, conduits, manholes, cabinets and closures; place drop lines from main distribution lines to the consumer's home or business; and maintain and remove these facilities. These services are provided to both telephone companies and cable television multiple system operators in connection with the deployment of new networks and the expansion or maintenance of existing networks. The company provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment and material fabrication and site testing services. For cable television system operators, the company installs and maintains customer owned equipment, such as digital video recorders, set top boxes and modems. The company also performs construction and maintenance services for electric and gas utilities and other customers. In addition, the company provides underground facility locating services to various utility companies, including telecommunication providers. The company’s underground facility locating services include locating telephone, cable television, power, water, sewer, and gas lines. Strategy The company’s strategy includes the following: capitalize on long-term growth drivers; selectively increase market share; and pursue disciplined financial and operating strategies, and selective acquisitions. Significant Events In fiscal 2014, the company acquired a telecommunications specialty construction contractor in Canada. In fiscal 2014, the company acquired Watts Brothers Cable Construction, Inc., which provides specialty contracting services primarily for telecommunication and cable operators in the Midwest and Southeastern United States. Customers The company has established relationships with telephone companies, cable television multiple system operators, telecommunication equipment and infrastructure providers, and electric and gas utilities and others. During 2014, its customers included AT&T Inc.; CenturyLink, Inc.; Comcast Corporation; Verizon Communications, Inc.; and Time Warner Cable Inc. Seasonality The company’s operations are impacted by extended periods of adverse weather which are more likely to occur during the winter season, impacting its second and third quarters. Also, a disproportionate percentage of paid holidays fall within its second quarter, which decreases the number of available workdays. Additionally, its customer premise equipment installation activities for cable providers historically decrease around the calendar year-end holidays as their customers generally require less activity during this period. As a result of these factors, the company experiences reduced revenue and profitability in the second and/or third quarters of its year. History Dycom Industries, Inc. was founded in 1969. The company incorporated in the state of Florida in 1969.
dycom industries inc (DY:New York)
11770 U.S. Highway One
Palm Beach Gardens, FL 33408
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