Dycom's Q3 Earnings & Revenues Beat Estimates, Margins Up Y/Y

Zacks11-21

Dycom Industries Inc. DY reported strong results for third-quarter fiscal 2025 (ended Oct. 26, 2024). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased ...

Source Link

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/2485411911?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/5WCgJlZ7OespHomV24Mw3A--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e2dd0a50354aacef29a61393ed299987","is_english":true,"pubTime":"2024-11-21 22:47","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485411911","market":"us","top_or_hot":-1,"title":"Dycom's Q3 Earnings & Revenues Beat Estimates, Margins Up Y/Y","media":"Zacks","content":"<div>\n<p>Dycom Industries Inc. DY reported strong results for third-quarter fiscal 2025 (ended Oct. 26, 2024). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dycoms-q3-earnings-revenues-beat-144700009.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","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's Q3 Earnings & Revenues Beat Estimates, Margins Up Y/Y</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's Q3 Earnings & Revenues Beat Estimates, Margins Up Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/dycoms-q3-earnings-revenues-beat-144700009.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dycom Industries Inc. DY reported strong results for third-quarter fiscal 2025 (ended Oct. 26, 2024). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/dycoms-q3-earnings-revenues-beat-144700009.html\">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://finance.yahoo.com/news/dycoms-q3-earnings-revenues-beat-144700009.html","article_id":"2485411911","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5WCgJlZ7OespHomV24Mw3A--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e2dd0a50354aacef29a61393ed299987"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485411911","pubTimestamp":1732200420,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Dycom Industries Inc. DY reported strong results for third-quarter fiscal 2025 . Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased on a year-over-year basis.Shares of the company plunged 12.9% on Wednesday. Despite solid fiscal third-quarter results and strong fiscal fourth-quarter revenue growth projection, investors’ sentiments might have dampened on modest margin improvements.Dycom reported adjusted earnings per share  of $2.68, which beat the Zacks Consensus Estimate of $2.35 by 14% and increased 20.2% from $2.23 year over year. The third-quarter fiscal 2024 EPS excludes 59 cents related to after-tax benefits received from the impacts of a change order and the closeout of several projects.Dycom Industries, Inc. Price, Consensus and EPS Surprise. Dycom Industries, Inc. price-consensus-eps-surprise-chart | Dycom Industries, Inc. Quote. For the fiscal fourth quarter , DY expects contract revenues to grow by mid to high-single digits year ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DY":"戴康工业","EME":"埃姆科","MTZ":"MasTec Inc","PWR":"广达公司"},"translate_title":"Dycom第三季度盈利和收入超出预期，利润率同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DY":1,"EME":0.9,"MTZ":0.9,"PWR":0.9},"content_text":"Dycom Industries Inc. DY reported strong results for third-quarter fiscal 2025 (ended Oct. 26, 2024). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased on a year-over-year basis.Shares of the company plunged 12.9% on Wednesday. Despite solid fiscal third-quarter results and strong fiscal fourth-quarter revenue growth projection, investors’ sentiments might have dampened on modest margin improvements.\nEarnings & Revenue Discussion\nDycom reported adjusted earnings per share (EPS) of $2.68, which beat the Zacks Consensus Estimate of $2.35 by 14% and increased 20.2% from $2.23 year over year. The third-quarter fiscal 2024 EPS excludes 59 cents related to after-tax benefits received from the impacts of a change order and the closeout of several projects.\n\nDycom Industries, Inc. Price, Consensus and EPS Surprise\n\nDycom Industries, Inc. price-consensus-eps-surprise-chart | Dycom Industries, Inc. Quote\n\nContract revenues of $1.27 billion surpassed the consensus mark of $1.22 billion by 4.2% and grew 12% year over year. Contract revenues rose 7.6% on an organic basis. Acquired businesses (net of storm) contributed $80.1 million, and storm restoration services added $46.3 million to total revenues.The company’s top five customers contributed 55.7% to total contract revenues (54.4% contributed in the prior year), which inched up 16.7%, organically. Revenues from all other customers decreased 3% organically in the quarter.Dycom’s largest customer, AT&T, contributed 20.9% to total revenues and grew organically by 58.4%. Lumen (the second-largest customer) contributed 11.5% to total revenues. Customer #3 added 8.2%, Comcast contributed 8.1% and Brightspeed represented 7% of total revenues. Organic revenues from Customer #3 and Brightspeed were up 50.2% and 43.3%, respectively, year over year.\nOperations & Backlog Details\nGross margin improved 45 basis points (bps) to 20.8% compared with 20.4% a year ago.Adjusted EBITDA increased 19.3% to $170.7 million from $113.5 million reported a year ago. Adjusted EBITDA margin of 13.4% expanded 52 bps from the year-ago level.Dycom’s backlog at the fiscal third-quarter end totaled $7.856 billion compared with $6.917 billion at the fiscal 2024-end. Of the backlog, $4.467 billion is projected to be completed in the next 12 months.\nFinancials\nAs of Oct. 26, 2024, Dycom had liquidity of $462.8 million, including cash and cash equivalents worth $15.3 million compared with $101.1 million as of Jan. 27, 2024. Long-term debt was $1.09 billion at the fiscal third-quarter end, up from $791.4 million at the fiscal 2024-end.In the past nine months of 2024, DY repurchased 210,000 shares of its common stock for $29.8 million at an average price of $141.84 per share.\nFiscal Fourth-Quarter View\nFor the fiscal fourth quarter (ending on Jan. 25, 2025), DY expects contract revenues to grow by mid to high-single digits year over year. This includes $35 million of acquired contract revenues for the quarter. Organic revenues are expected to increase in the low to mid-single digits.The adjusted EBITDA margin is expected to increase 25 bps from the year-ago level of 9.8%.For the fiscal fourth quarter, Dycom expects the effective tax rate to be 26% and diluted shares of 29.5 million. Interest expenses, net, is likely to be $16.5 million. Stock-based compensation is likely to be $9.3 million and amortization expenses is expected to be $9.9 million.\nZacks Rank & Peer Releases\nDycom currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.EMCOR Group, Inc. EME reported impressive third-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate and increasing year over year.The upside was backed by innovation and high-demand projects, particularly in data centers, semiconductor plants, and institutional sectors. Strength across the segments helped the company achieve 12.6% higher organic revenues. The company now expects annual revenues of at least $14.5 billion compared with $14.5-$15 billion expected earlier.MasTec, Inc. MTZ reported stellar earnings for third-quarter 2024, which handily surpassed the Zacks Consensus Estimate and increased strongly on a year-over-year basis.However, revenues missed the analysts’ expectations and slightly declined on a year-over-year basis. MTZ posted nearly 6% lower revenues from its previously provided guidance of $3.45 billion due to near-term project delays.Quanta Services Inc. PWR reported mixed results for the third quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same.Quanta reported a strong quarter with double-digit growth across key financial metrics, a record backlog of $34 billion and $539.5 million in free cash flow. CEO Duke Austin attributed this growth to Quanta’s diverse portfolio, high demand, effective execution and an expanding market.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nQuanta Services, Inc. (PWR) : Free Stock Analysis Report\nEMCOR Group, Inc. (EME) : Free Stock Analysis Report\nDycom Industries, Inc. (DY) : Free Stock Analysis Report\nMasTec, Inc. (MTZ) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","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":"4.29.3","shortVersion":"4.29.3","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/2485411911"}