$DY (Dycom Industries Inc.)

$DY {{ '2016-05-25T13:19:08+0000' | timeago}} • Webcast

$DY said during 3Q16 organic revenue grew 28.7%. Top 5 customers combined produced 72.5% of revenue, increasing 48.9% organically, while all other customers decreased 4.5% organically. Five of the company's six top customers grew organically for the fifth consecutive quarter.

$DY {{ '2017-05-24T18:04:30+0000' | timeago}} • Webcast

As $DY posted 3Q17 results, Dycom said it expects more fiber deployments going forward due to new and emerging wireless technologies.

$DY {{ '2017-05-24T17:51:39+0000' | timeago}} • Webcast

$DY now sees 1Q18 total revenue to decline by low single digits compared to 1Q17. Other net income for the first quarter is expected to be $0.7-1.3MM.

$DY {{ '2017-05-24T17:40:16+0000' | timeago}} • Webcast

$DY now sees 4Q17 gross margin to decrease modestly from last year's 23.2%, with the outlook affected by a mix of work activity and near-term margin impacts as Dycom prepares for larger programs.

$DY {{ '2017-05-24T11:10:58+0000' | timeago}} • Announcement

$DY now expects 4Q17 contract revenues of $780-810MM, including about $25MM of revenue from acquired businesses that were not owned for the full period in both the current and prior year periods. The company sees EPS of $1.26-1.41 and non-GAAP EPS of $1.35-1.50.

$DY {{ '2017-05-24T11:10:43+0000' | timeago}} • Announcement

$DY reported a rise in 3Q17 earnings driven by higher contract revenues. Net income rose to $38.8MM or $1.22 per share from $33.1MM or $1.00 per share last year. Contract revenue grew to $786.34MM from $664.65MM. Adjusted EPS increased to $1.30 from $1.08.

$DY {{ '2017-03-01T14:26:17+0000' | timeago}} • Announcement

For 3Q17, $DY expects its total contract revenues to range from $715-745MM. On a GAAP basis, the company expects its diluted EPS to range from $1.02-1.15. Non-GAAP Adjusted Diluted EPS is expected to range from $1.11-1.24.

$DY {{ '2017-03-01T14:24:29+0000' | timeago}} • Announcement

Specialty contracting services provider $DY 2Q17 earnings rose 52% to $23.7MM, or $0.74 per share, compared to $15.5MM, or $0.46 per share during 2Q16. Contract revenues during the quarter rose 25% YoY to $701.1MM. Excluding items, $DY earned $0.82 per share.

$DY {{ '2016-11-22T17:02:13+0000' | timeago}} • Webcast

$DY believes the new generation of wireless technology will not be a treat to wireline spending. $DY said that roll out of 5G will require extensive investments in wireline infrastructure. 5G will be much more reliant on a dense fiber network than LTE.

$DY {{ '2016-11-22T16:44:09+0000' | timeago}} • Webcast

$DY said that order flow from Goodman Networks, which was acquired in July 2016, did not meet the expectations. The company said it is still having a good relationship with the customers and expecting the business to grow in the long-run.

$DY {{ '2016-11-22T16:19:54+0000' | timeago}} • Webcast

$DY ended 1Q17 with a backlog of $5.203Bil, of which approx. $2.28Bil is expected to be completed in the next 12 months.

$DY {{ '2016-11-22T16:14:19+0000' | timeago}} • Webcast

$DY said its largest customer $T represented 29% of total revenue in 1Q17, with 72.4% organic growth YoverY. Revenue from $CTL, the second largest customer, was 15.7% of total, with 12% organic growth. $CMCSA and $VZ represented 15.1% and 9.3%, respectively, of total revenue.

$DY {{ '2016-11-21T22:14:05+0000' | timeago}} • Announcement

$DY, which acquired Goodman Networks in July 2016, expects revenue from Goodman for the next several quarters to approximate $10MM per quarter. Since a customer modified its plans, the company has reduced its forecasted revenue for that customer for the balance of FY17 by approx. $80MM.

$DY {{ '2016-11-21T22:08:22+0000' | timeago}} • Announcement

For 2Q17, $DY expects revenue to be $640-670MM compared to 2Q16 revenue of $559.47MM. GAAP diluted EPS is expected to be $0.53-0.65 and non-GAAP diluted EPS is expected to be $0.61-0.73.

$DY {{ '2016-11-21T21:56:16+0000' | timeago}} • Announcement

Specialty contracting services provider $DY reported a rise in its 1Q17 profit, helped by higher revenues compared to a year ago. Net income rose to $51MM or $1.59 per diluted share from $30.8MM or $0.91 per diluted share in 4Q15. Revenue rose 21% to $799.2MM. Non-GAAP EPS was $1.67 versus $1.24 in the prior year.

$DY {{ '2016-08-24T14:21:54+0000' | timeago}} • Webcast

D.A. Davidson analyst John Rogers questions whether the market share growth experienced in customers consolidating supply chain are national contracts. $DY says that the relationships are increasingly national when there are big national programs. The company still comes to the marketplace as individual contracts on a region-by-region basis.

$DY {{ '2016-08-24T14:13:02+0000' | timeago}} • Webcast

KeyBanc analyst Tahira Afzal asks how much is backlog as a percentage of revenues all the way down to net sales. $DY says that some industry experts said that for a 4G LTE network, about 90% of the communication path is wired, while for a 5G mmWave communication path, it could be 95% or more of the path that is actually wired.

$DY {{ '2016-08-24T14:07:46+0000' | timeago}} • Webcast

Stephens analyst William Meason asks about 4Q16 developments that beat expectations by a nice margin. $DY says that it's happy to beat its expectations, but there really were no surprises other than the urgency of customers to get the work done sooner. Two customers among the top 10 had lower revenues, but are expected to rise in calendar 2017.

$DY {{ '2016-08-24T13:51:11+0000' | timeago}} • Webcast

$DY said that full-year 2016 effective tax rate was 37.6% and slightly lower for 4Q16 as the company benefited from tax credits in relation to pretax operating results. 4Q16 non-GAAP adjusted EPS was $1.64 per share vs. $0.97 in 4Q15. Liquidity exceeded $426MM at quarter-end and $DY reduced borrowings on its credit agreement by $17.8MM.

$DY {{ '2016-08-24T13:47:36+0000' | timeago}} • Webcast

During 4Q16, $DY said that its top 5 customers combined produced 73.9% of revenue, increasing 44% organically, while all other customers fell 18.5% organically. Number 1 customer $T grew 82.9% organically, while second largest customer $CMCSA grew 45.3% organically. $DY's third largest customer $CTL was 14% of revenue, while $VZ was 12% of revenue.

$DY {{ '2016-08-24T13:35:11+0000' | timeago}} • Webcast

During 4Q16, $DY said that it closed the acquisition of certain assets of Goodman Networks, a provider of wireless construction services, and NextGen Telecom, a provider of wireline construction services. Operating cash flow was $182.5MM, which was sufficient to entirely pay for the quarter's $108.4MM in acquisitions and $43.2MM in net CapEx.

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