Dycom Industries Shares Rise on Outlook Upgrade, 1Q Beats

Dow Jones

May 21

By Adriano Marchese

Dycom Industries shares rose in premarket trading Wednesday after the company upgraded its full-year outlook on the back of strong demand and a better-than-expected first quarter.

Shares traded 10% higher ahead of the morning bell at $212.98.

The specialty contracting-services company, which serves the telecommunications-infrastructure sector, now expects contract revenue for fiscal 2026 to rise by 12.5% to 15.4%, or between $5.29 billion and $5.43 billion. Previously the company expected a 10% to 13% rise in revenue.

For the second quarter ending July 26, the company expects contract revenue in the range of $1.38 billion to $1.43 billion, with adjusted earnings before interest, taxes, depreciation and amortization seen at $185 million to $200 million.

Earnings per share are expected to come in at $2.74 to $3.05 a share for the second quarter, compared with $2.32 a share a year earlier. Analysts polled by FactSet are seeking a more modest rise to $2.78 a share, compared with the midpoint of the range.

In the first quarter ended April 26, the company recorded a 10% rise in contract revenue to $1.26 billion. This topped both prior company guidance--$1.16 billion to $1.2 billion--and analyst views of $1.19 billion.

Net income for the quarter edged lower to $61 million, or $2.09 per share, from $62.6 million, or $2.12 per share a year earlier.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 21, 2025 08:24 ET (12:24 GMT)

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Analysts polled by FactSet are seeking a more modest rise to $2.78 a share, compared with the midpoint o","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"DY":"戴康工业"},"translate_title":"Dycom Industries股价因前景升级而上涨，第一季度表现出色","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DY":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Dycom Industries shares rose in premarket trading Wednesday after the company upgraded its full-year outlook on the back of strong demand and a better-than-expected first quarter. \n\n\n  Shares traded 10% higher ahead of the morning bell at $212.98. \n\n\n  The specialty contracting-services company, which serves the telecommunications-infrastructure sector, now expects contract revenue for fiscal 2026 to rise by 12.5% to 15.4%, or between $5.29 billion and $5.43 billion. 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