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<p class="has-drop-cap">Dycom Industries, Inc. (NYSE: DY) has reported a solid performance for the <a href="https://dycomind.com/wp-content/uploads/2024/08/Q2-2025-Results-Release.pdf" target="_blank" aria-label="fiscal 2025 second quarter (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">fiscal 2025 second quarter</a>, reflecting robust growth and financial stability. <br><br>Contract revenues for the quarter ended July 27, 2024, came in at $1.203 billion, marking a 15.5% increase compared to $1.042 billion in the same quarter of the previous year. This growth is partly attributable to organic revenue growth of 9.2%, excluding the $65.9 million from acquired businesses not owned in the prior year. The company’s Non-GAAP Adjusted EBITDA also saw a significant rise, reaching $158.3 million, or 13.2% of contract revenues, up from $130.8 million, or 12.6%, in the year-ago quarter.</p> 
<p>On a GAAP basis, Dycom’s net income increased to $68.4 million, or $2.32 per <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">diluted share</a>, compared to $60.2 million, or $2.03 per diluted share, in the previous year’s second quarter. The Non-GAAP Adjusted Net Income was $72.5 million, or $2.46 per diluted share, indicating a strong bottom-line performance. </p> 
<p>Additionally, during this quarter, Dycom amended its credit agreement to expand term loan capacity and extend the maturity to January 2029. </p> 
<h3 id="dycom-industries-beats-eps-expectations-in-fiscal-q2-revenue-in-line">Dycom Industries Beats EPS Expectations in Fiscal Q2, Revenue in Line</h3> 
<p>Compared to market expectations, Dycom Industries’ performance for the second quarter of fiscal 2025 exceeded analysts’ forecasts. The company reported an EPS of $2.46, surpassing the expected EPS of $2.26. This outperformance highlights Dycom’s ability to effectively manage costs and drive higher profitability through strategic initiatives and operational efficiencies.</p> 
<p>Revenue for the quarter was also slightly above expectations, coming in at $1.203 billion compared to the anticipated $1.2 billion. Although marginal, this revenue beat demonstrates the company’s capacity to generate consistent growth even in a competitive and challenging market environment. The increase in contract revenues was driven by organic growth and contributions from acquired businesses, showcasing Dycom’s successful integration strategies.</p> 
<p>The company’s Non-GAAP Adjusted EBITDA margin of 13.2% reflects a significant improvement over the prior year’s 12.6%, indicating better cost management and operational efficiencies. </p> 
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<h3 id="dycom-expects-total-contract-revenues-to-increase-by-mid-to-high-single-digits">Dycom Expects Total Contract Revenues to Increase by Mid-to-High Single Digits</h3> 
<p>Dycom Industries has provided optimistic guidance for the quarter ending October 26, 2024. The company expects total contract revenues to increase by mid-to-high single digits as a percentage of contract revenues, compared to $1.136 billion for the quarter that ended October 28, 2023. This growth includes approximately $75 million of acquired revenues, reflecting Dycom’s ongoing efforts to expand its market presence through strategic acquisitions.</p> 
<p>Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the upcoming quarter is expected to increase by approximately 25 to 50 basis points compared to 12.9% for the same quarter last year, after excluding an incremental benefit of 1.8% in EBITDA margin from the impacts of a change order and the closeout of several projects reported in the prior year period. </p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em><br></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/dycom-industries-inc-dy-exceeds-q2-expectations-with-2-46-eps/">Dycom Industries, Inc. (DY) Exceeds Q2 Expectations with $2.46 EPS</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Dycom Industries, Inc. (DY) Exceeds Q2 Expectations with $2.46 EPS

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