Dycom Industries Posts Strong Q3 Results: EPS Beats Estimates By 14%

Dycom Industries, Inc. DY shares are trading higher after the company reported its third-quarter FY25 results.

Contract revenue increased 12.0% Y/Y to $1.272 billion, beating the consensus of $1.231 billion.

Adjusted EBITDA increased to $170.7 million from $143.2 million a year ago. Adjusted EPS of $2.68 surpassed the street view of $2.35.

As of October 26, cash and equivalents stood at $15.3 million. During the nine months ended October 26, the company bought back 210,000 shares of common shares in open market transactions for $29.8 million.

Outlook: For the fourth quarter, Dycom anticipates a mid- to high single-digit percentage increase in total contract revenues, which included the company expectation of around $35 million of acquired contract revenues for the quarter.

Adjusted EBITDA margin is projected to increase by about 25 basis points Y/Y.

Investors can gain exposure to the stock via First Trust RBA American Industrial Renaissance ETF AIRR and Hilton Small-MidCap Opportunity ETF SMCO.

Price Action: DY shares are up 3.06% at $209 premarket at the last check Wednesday.

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