Dycom Beats On Q2 With Strong Demand For Infrastructure Services, Discloses Value-Accretive Buyout
Portfolio Pulse from Lekha Gupta
Dycom Industries reported strong Q2 FY25 results with a 15.5% increase in contract revenue and an adjusted EPS of $2.46, beating expectations. The company revised its credit agreement and announced the acquisition of Black & Veatch’s telecom infrastructure business, expected to significantly boost future revenues. Despite positive results, Dycom shares fell 1.13% premarket.

August 21, 2024 | 11:12 am
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Dycom Industries reported a strong Q2 with a 15.5% increase in revenue and an EPS of $2.46, surpassing expectations. The company also announced a strategic acquisition to expand its telecom infrastructure business.
Despite strong earnings and a strategic acquisition, Dycom shares fell slightly. The acquisition is expected to boost future revenues, which is positive for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Advisors’ Inner Circle Fund III Strategas Macro Momentum ETF provides exposure to Dycom Industries, which reported strong Q2 results and a strategic acquisition.
SAMM ETF holds Dycom, which reported strong earnings and a strategic acquisition. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Hilton Small-MidCap Opportunity ETF includes Dycom Industries, which reported strong Q2 results and a strategic acquisition.
SMCO ETF holds Dycom, which reported strong earnings and a strategic acquisition. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50