Dycom Industries 1Q Profit Rises on Growing Contract Revenue

Dow Jones05-22

By Denny Jacob

Dycom Industries posted higher top and bottom line results in its latest quarter.

The telecommunications contractor logged net income of $62.6 million, or $2.12 a share, for the first quarter ended April 27, up from $51.5 million, or $1.73 a share, a year earlier. Analysts polled by FactSet expected $1.47 a share.

Contract revenues edged up to $1.14 billion from $1.05 billion. Analysts polled by FactSet expected $1.09 billion.

The Palm Beach Gardens, Fla.-based company forecast organic contract revenues to grow by high-single digits as a percentage of contract revenues for the quarter ending July 27 compared to the prior year. It also guided for about $70 million of acquired contract revenues for the quarter.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 22, 2024 06:27 ET (10:27 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2437250498?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-22 18:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2437250498","market":"sh","top_or_hot":-1,"title":"Dycom Industries 1Q Profit Rises on Growing Contract Revenue","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  Dycom Industries posted higher top and bottom line results in its latest quarter. \n</p>\n<p>\n  The telecommunications contractor logged net income of $62.6 million, or $2.12 a share, for the first quarter ended April 27, up from $51.5 million, or $1.73 a share, a year earlier. Analysts polled by FactSet expected $1.47 a share. \n</p>\n<p>\n  Contract revenues edged up to $1.14 billion from $1.05 billion. Analysts polled by FactSet expected $1.09 billion. \n</p>\n<p>\n  The Palm Beach Gardens, Fla.-based company forecast organic contract revenues to grow by high-single digits as a percentage of contract revenues for the quarter ending July 27 compared to the prior year. It also guided for about $70 million of acquired contract revenues for the quarter. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2024 06:27 ET (10:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dycom Industries 1Q Profit Rises on Growing Contract Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDycom Industries 1Q Profit Rises on Growing Contract Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-22 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Denny Jacob \n\n\n \n\n\n  Dycom Industries posted higher top and bottom line results in its latest quarter. \n\n\n  The telecommunications contractor logged net income of $62.6 million, or $2.12 a share, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DY","symbol_name":"戴康工业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2437250498","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437250498","pubTimestamp":1716373620,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Dycom Industries posted higher top and bottom line results in its latest quarter.The telecommunications contractor logged net income of $62.6 million, or $2.12 a share, for the first quarter ended April 27, up from $51.5 million, or $1.73 a share, a year earlier. Analysts polled by FactSet expected $1.47 a share.Contract revenues edged up to $1.14 billion from $1.05 billion. Analysts polled by FactSet expected $1.09 billion.The Palm Beach Gardens, Fla.-based company forecast organic contract revenues to grow by high-single digits as a percentage of contract revenues for the quarter ending July 27 compared to the prior year. It also guided for about $70 million of acquired contract revenues for the quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DY":"戴康工业"},"translate_title":"Dycom Industries 1Q利润因合同收入增长而上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DY":1},"content_text":"By Denny Jacob \n\n\n \n\n\n  Dycom Industries posted higher top and bottom line results in its latest quarter. \n\n\n  The telecommunications contractor logged net income of $62.6 million, or $2.12 a share, for the first quarter ended April 27, up from $51.5 million, or $1.73 a share, a year earlier. Analysts polled by FactSet expected $1.47 a share. \n\n\n  Contract revenues edged up to $1.14 billion from $1.05 billion. Analysts polled by FactSet expected $1.09 billion. \n\n\n  The Palm Beach Gardens, Fla.-based company forecast organic contract revenues to grow by high-single digits as a percentage of contract revenues for the quarter ending July 27 compared to the prior year. It also guided for about $70 million of acquired contract revenues for the quarter. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2024 06:27 ET (10:27 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437250498"}