Dycom's Q3 Organic Contract Revenues Are Expected To Be Flat Y/Y
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries, Inc. (NYSE:DY) expects its Q3 organic contract revenues to be flat year over year. The company anticipates approximately $30 million of acquired contract revenues for the quarter ending October 28, 2023. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase 50 to 100 basis points compared to the quarter ended October 29, 2022.
August 23, 2023 | 10:09 am
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Dycom Industries expects flat organic contract revenues for Q3 Y/Y. It anticipates $30M of acquired contract revenues and an increase in Non-GAAP Adjusted EBITDA as a percentage of contract revenues.
The news directly pertains to Dycom Industries' financial performance. The flat organic contract revenues indicate a stable business, while the expected increase in Non-GAAP Adjusted EBITDA suggests improved profitability. However, the impact on the stock price is uncertain as it depends on market expectations.
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