Dycom Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Annual Results
PALM BEACH GARDENS, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the fourth quarter ended January 27, 2024. Contract revenues increased 3.8% to $952.5 million for the quarter ended January 27, 2024, compared to $917.5 million in the year ago quarter. Contract revenues decreased 2.5% on an organic basis after excluding $57.5 million of contract revenues from an acquired business that was not owned during the year ago quarter.
- Contract revenues increased 3.8% to $952.5 million for the quarter ended January 27, 2024, compared to $917.5 million in the year ago quarter.
- Non-GAAP Adjusted EBITDA increased to $93.7 million, or 9.8% of contract revenues, for the quarter ended January 27, 2024, compared to $83.1 million, or 9.1% of contract revenues, in the year ago quarter.
- Net income was $23.4 million, or $0.79 per common share diluted, for the quarter ended January 27, 2024, compared to $24.8 million, or $0.83 per common share diluted, in the year ago quarter.
- The Company will host a conference call to discuss fiscal 2024 fourth quarter results on Wednesday, February 28, 2024 at 9:00 a.m. Eastern time.