Dycom Industries, Inc. (NYSE:DY) shares are trading lower after the company reported its second quarter FY25 results.
Contract revenue increased 15.5% Y/Y to $1.203 billion, beating the consensus of $1.196 billion. Adjusted EBITDA increased to $158.3 million from $130.8 million a year ago. Adjusted EPS of $2.46 surpassed the street view of $2.26.
In the quarter ending July 27, the company revised its credit agreement to increase term loan capacity and extend the maturity date to January 2029. As of July 27, cash and equivalents stood at $19.6 million.
Outlook: For the third ...
