Dycom For Q2 Expects Organic Contract Revenues To Grow By High-Single Digits As A Percentage Of Contract Revenues YoY
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries expects organic contract revenues to grow by high-single digits year-over-year for Q2 ending July 27, 2024. The company also anticipates $70 million in acquired contract revenues and an increase in Non-GAAP Adjusted EBITDA by 25 to 75 basis points.
May 22, 2024 | 10:06 am
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Dycom Industries expects significant growth in organic contract revenues and acquired contract revenues for Q2 2024. Non-GAAP Adjusted EBITDA is also projected to increase.
The projected growth in organic and acquired contract revenues, along with an increase in Non-GAAP Adjusted EBITDA, indicates a positive financial outlook for Dycom Industries. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100