Dycom Industries Reports 9.3% Revenue Growth

By Tamara Parker • Wednesday, May 22 11:10 • Permanent Link

Dycom Industries, Inc. has released its fiscal 2025 first-quarter results, showing significant growth in key financial metrics compared to the same period in the previous year.

The company reported contract revenues of $1.142 billion, marking a substantial 9.3% increase from the year-ago quarter. On an organic basis, excluding revenues from acquired businesses not owned during the year-ago quarter, contract revenues still saw a solid 2.5% increase.

Non-GAAP adjusted EBITDA reached $130.9 million, accounting for 11.5% of contract revenues, up from $113.5 million or 10.9% in the previous year's quarter. This represents a notable improvement in profitability.

Net income also saw a significant uptick, reaching $62.6 million, or $2.12 per common share diluted, compared to $51.5 million, or $1.73 per common share diluted, in the year-ago quarter.

During the quarter, Dycom repurchased 210,000 common shares for $29.8 million, signaling confidence in its financial position and outlook.

Looking ahead, the company expects organic contract revenues to grow by high-single digits as a percentage of contract revenues compared to the previous year's quarter. Additionally, approximately $70 million of acquired contract revenues are anticipated for the upcoming quarter.

The company also anticipates a further improvement in non-GAAP adjusted EBITDA as a percentage of contract revenues for the next quarter, expecting an increase of 25 to 75 basis points compared to the same period a year ago.

This positive performance demonstrates Dycom's strong financial position and its ability to drive growth and profitability in a competitive market.

Dycom Industries, Inc. is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States, offering program management, engineering and design, construction, maintenance, and other related services. The market has reacted to these announcements by moving the company's shares 7.9% to a price of $166.63. For more information, read the company's full 8-K submission here.

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