NYSE$DY

Dycom Industries Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Dycom's Q2 2021 performance saw a decrease in contract revenues but an increase in net income and Non-GAAP Adjusted EBITDA.

Dycom Industries reported a decrease in contract revenues but an increase in net income and Non-GAAP Adjusted EBITDA for the second quarter of fiscal year 2021. The company continues to monitor the impact of the COVID-19 pandemic on its business.

  • Contract revenues decreased by 6.8% on an organic basis compared to the same quarter last year.
  • Non-GAAP Adjusted EBITDA increased to $102.7 million, or 12.5% of contract revenues.
  • GAAP net income increased to $37.0 million, or $1.15 per common share diluted.
  • Notional net debt was reduced by $94.0 million during the quarter.

Headline financials

Total Revenue

$824M

Previous: $884M-6.8%
EPS (adj)

$1.18

Previous: $1.09+8.3%
Capital Expenditures

-$26.7M

Previous: -$83.9M+68.2%
Free Cash Flow

$141M

Previous: -$194M+172.7%
Net Income

$37M

Previous: $29.9M+23.8%
Operating Income

-$780M

Previous: -$74.6M-945.6%
Gross Profit

-$658M

Previous: $1.26M-52235.7%
Cash & Equivalents

$22.5M

Previous: $12.6M+79.1%
Total Assets

$2.14B

Previous: $2.33B-7.9%
Stock-Based Comp

$4.37M

Previous: $2.28M+92.0%

Revenue & EPS history

Dycom · Revenue · Quarterly

$824M

Q2 2021-6.8%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Dycom · $1.96B total across 2 segments · Q1 2027

  • Communications
    $1.57B
  • Building Systems
    $395M

Forward guidance

The Company anticipates contract revenues and margins to range from in-line to modestly lower on a sequential basis for the quarter ending October 24, 2020, as compared to the quarter ended July 25, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

57%

36 / 63 earnings

Positive

+19.5%

Q3 2015

Best reaction

-27.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-5.5%-10.7%-13.7%
Q3 2026+9.5%+15.0%+16.3%
Q2 2026-4.8%-5.9%+0.0%
Q1 2026+15.6%+16.3%+20.9%
Q4 2025-5.8%-6.4%-10.5%
Q3 2025-9.6%-10.5%-14.3%
Q2 2025-9.5%-10.4%+0.8%
Q1 2025+14.8%+16.4%+8.1%
Q4 2024+3.2%+5.7%+17.1%
Q3 2024+17.9%+17.0%+31.4%
Q2 2024+0.9%+0.6%-6.5%
Q1 2024+0.1%+3.9%+4.2%
Q4 2023+17.5%+22.6%+11.2%
Q3 2023-16.5%-16.5%-17.3%
Q2 2023+3.2%+1.3%-12.4%
Q1 2023+15.2%+17.4%+19.0%
Q4 2022+6.7%+5.1%+14.5%
Q3 2022+18.5%+15.4%+9.3%
Q2 2022-4.3%-6.2%-2.8%
Q1 2022-11.9%-9.8%-7.9%
Q4 2021+5.0%+10.8%+19.7%
Q3 2021-18.7%-19.4%-5.5%
Q2 2021+10.3%+26.1%+13.0%
Q1 2021+16.3%+25.8%+26.4%
Q4 2020-25.0%-34.1%-41.1%
Q3 2020+4.4%+4.2%-4.2%
Q2 2020+6.1%+8.0%+23.0%
Q1 2020+19.4%+12.2%+25.8%
Q4 2019-27.3%-21.8%-25.9%
Q3 2019-10.4%-10.9%-26.5%
Q2 2019+8.0%+8.2%+9.1%
Q3 2018+1.5%-0.2%+6.2%
Q2 2018-4.4%-4.2%-5.7%
Q1 2018+12.2%+15.6%+22.9%
Q4 2017-1.7%-0.4%+4.6%
Q3 2017-22.2%-23.4%-15.3%
Q2 2017+19.0%+17.8%+13.1%
Q1 2017-19.3%-17.6%-11.0%
Q4 2016-6.8%-8.3%-10.8%
Q3 2016+15.0%+16.5%+25.5%
Q2 2016-5.4%
Q1 2016+6.2%
Q4 2015+12.8%
Q3 2015+19.5%
Q2 2015+14.9%
Q1 2015+15.6%
Q4 2014+0.0%
Q3 2014-10.2%
Q2 2014+3.9%
Q1 2014+5.2%
Q4 2013-7.7%
Q3 2013+8.9%
Q2 2013+3.0%
Q1 2013+14.9%
Q4 2010-9.8%
Q4 2012-16.4%
Q3 2011+0.0%
Q3 2012-5.7%
Q2 2011+2.4%
Q2 2012-4.8%
Q1 2011-5.4%
Q4 2011-5.4%
Q1 2012-1.4%

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