Dycom Industries is a leading provider of specialty contracting services primarily focused on telecommunications infrastructure
The company supports the deployment and maintenance of advanced communication networks, including fiber-optic and wireless systems, for major telecommunications carriers and other entities. Dycom's expertise encompasses a wide range of services, from underground and aerial construction to project management and engineering, enabling its clients to expand and enhance their connectivity solutions. With a strong emphasis on safety and innovation, Dycom plays a crucial role in the evolution of communication technologies and the ongoing rollout of next-generation networks across the nation.
Dycom has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 10.3% to $191.32 per share while the index has gained 12.6%.
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Telecommunications company Dycom (NYSEDY) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12% year on year to $1.27 billion. On top of that, next quarter’s revenue guidance ($1.22 billion at the midpoint) was surprisingly good and 13.9% above what analysts were expecting. Its non-GAAP profit of $2.68 per share was 16.1% above analysts’ consensus estimates.
Wall Street trimmed early session gains on Wednesday after official government data downwardly revised nonfarm payrolls by 818,000 from previous estimates between April 2023 and March 2024.
Dycom Industries reported Q2 FY25 results with contract revenue up 15.5%, adjusted EBITDA up, and an EPS beat. The company also acquired Black & Veatch's telecom infrastructure business and projects increased revenue in fiscal 2026.
