Dycom Industries, Inc. provides specialty contracting services throughout the United States and in Canada. The company’s subsidiary companies provide engineering, construction, maintenance, and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities. Specialty Contracting Services The company’s subsidiaries supply telecommunication providers with a range of specialty contracting services, from program management, engineering, construction, maintenance, and installation to underground facility locating. Its 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 also obtains rights of way and permits in support of its engineering activities and those of its customers, as well as provide construction management and inspection personnel in conjunction with engineering services or on a stand-alone basis. 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. The company provides these services to both telephone companies and cable multiple system operators in connection with the deployment, expansion, or maintenance of new and existing networks. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication and site testing services. For cable television system operators, the company installs and maintains customer premise 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. Business Strategy The company’s strategy includes the following: capitalize on long-term growth drivers; selectively increase market share; pursue disciplined financial and operating strategies; and pursue selective acquisitions. Acquisitions In 2015, the company acquired Hewitt Power & Communications, Inc. (Hewitt). Hewitt provides specialty contracting services primarily for telecommunications providers in the southeastern United States. In 2015, it acquired Moll's Utility Services, LLC (Moll's). Moll's provides specialty contracting services primarily for utilities in the Midwest United States. The company also acquired the assets of Venture Communications Group, LLC (Venture) during 2015. Venture provides specialty contracting services primarily for telecommunications providers in the Midwest and Southeastern United States. Customers The company has established relationships with telecommunications providers, including telephone companies, cable television multiple system operators, wireless carriers, telecommunication equipment and infrastructure providers, and electric and gas utilities and others. During 2015, the company derived approximately 20.8% of its total revenues from AT&T Inc.; 14.2% from CenturyLink, Inc.; 12.9% from Comcast Corporation; 7.6% from Verizon Communications, Inc.; and 5.6% from another significant customer. Seasonality The company’s revenues and results of operations exhibit seasonality as the company performs a significant portion of its work outdoors. Consequently, extended periods of adverse weather, which are more likely to occur during the winter season, impact its operations during its second and third quarters. In addition, a disproportionate percentage of paid holidays fall within its second quarter, which decreases the number of available workdays. History Dycom Industries, Inc. was founded in 1969. The company incorporated in the state of Florida in 1969.
dycom industries inc
(DY:New York Consolidated)
11780 US Highway 1
Palm Beach Gardens, FL 33408
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