Dycom Industries, Inc. (NYSE:DY) reported better-than-expected second quarter FY25 results on Wednesday.

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.

For the third quarter, Dycom anticipates a mid- to high single-digit percentage increase in total contract revenues, which included the company expectation of around $75 million of acquired contract revenues for the quarter.

In a separate release, Dycom revealed the acquisition of Black & ...