Trending Stock: Dycom Industries Inc. (NYSE: DY)

PALM BEACH GARDENS, Fla., November 19, 2019 – Shares of Dycom Industries Inc. (NYSE: DY) showed the bullish trend with a higher momentum of 2.16% to $50.70. The company traded total volume of 275.025K shares as contrast to its average volume of 357.48K shares. The company has a market value of $1.56B and about 30.83M shares outstanding.

Dycom Industries, Inc. (DY) reported contract revenues of $884.20M for the quarter ended July 27, 2019, compared to $799.50M for the quarter ended July 28, 2018. Contract revenues for the quarter ended July 27, 2019 increased 11.1% on an organic basis after excluding $3.80M in contract revenues from storm restoration services for the quarter ended July 28, 2018.

Non-GAAP Adjusted EBITDA of $100.20M or 11.3% of contract revenues, for the quarter ended July 27, 2019, compared to Non-GAAP Adjusted EBITDA of $97.80M, or 12.2% of contract revenues, for the quarter ended July 28, 2018.

On a GAAP basis, net income was $29.90M, or $0.94 per common share diluted, for each of the quarters ended July 27, 2019 and July 28, 2018. Non-GAAP Adjusted Net Income was $34.60M, or $1.09 per common share diluted, for the quarter ended July 27, 2019, compared to Non-GAAP Adjusted Net Income of $33.30M, or $1.05 per Non-GAAP Adjusted Diluted Share, for the quarter ended July 28, 2018.

The Company also reported:

  • Contract revenues of $1.718B for the six months ended July 27, 2019, compared to $1.531B for the six months ended July 28, 2018. Contract revenues for the six months ended July 27, 2019 increased 13.5% on an organic basis after excluding contract revenues from an acquired business that was not owned for the full period in both the current and prior year periods and contract revenues from storm restoration services. Contract revenues from that acquired business were $13.40M for the six months ended July 27, 2019 compared to $14.90M for the six months ended July 28, 2018. Contract revenues from storm restoration services were $4.70M for the six months ended July 27, 2019 compared to $18.60M for the six months ended July 28, 2018.
  • Non-GAAP Adjusted EBITDA of $173.80M or 10.1% of contract revenues, for the six months ended July 27, 2019, compared to Non-GAAP Adjusted EBITDA of $171.50M, or 11.2% of contract revenues, for the six months ended July 28, 2018.
  • On a GAAP basis, net income was $44.20M, or $1.39 per common share diluted, for the six months ended July 27, 2019, compared to net income of $47.10M, or $1.46 per common share diluted, for the six months ended July 28, 2018. Non-GAAP Adjusted Net Income was $51.60M, or $1.62 per common share diluted, for the six months ended July 27, 2019, compared to Non-GAAP Adjusted Net Income of $54.00M, or $1.70 per Non-GAAP Adjusted Diluted Share, for the six months ended July 28, 2018.

The Company offered net profit margin of 1.80% while its gross profit margin was 17.30%. ROE was recorded as 7.30% while beta factor was 1.37. The stock, as of recent close, has shown the weekly downbeat performance of -0.12% which was maintained at -6.18% in this year.

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