NYSE$DY

Dycom Industries Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Dycom's Q4 2020 results were announced, revealing a slight decrease in contract revenues and a net loss, but debt was reduced.

Dycom Industries reported a decrease in contract revenues for the fourth quarter of fiscal year 2020, from $748.6 million to $737.6 million. The company experienced a net loss of $11.2 million, or $0.35 per share. However, the company reduced its net debt by approximately $176.3 million during the quarter.

  • Contract revenues were $737.6 million, a slight decrease from $748.6 million in the same quarter last year.
  • Organic contract revenues increased by 1.3% year-over-year, excluding storm restoration services revenues.
  • Net loss was $11.2 million, or $0.35 per common share, compared to a net loss of $12.1 million, or $0.38 per common share, in the prior year's quarter.
  • Net debt was reduced by approximately $176.3 million during the quarter.

Headline financials

Total Revenue

$738M

Previous: $749M-1.5%
EPS (adj)

-$0.23

Previous: $0.10-330.0%
Capital Expenditures

$18.7M

Previous: $37.2M-49.6%
Free Cash Flow

$173M

Previous: $106M+63.8%
Net Income

-$11.2M

Previous: -$12.1M+7.2%
Operating Income

-$3.19M

No prior period
Gross Profit

$104M

Previous: $115M-9.5%
Cash & Equivalents

$54.6M

Previous: $128M-57.5%
Total Assets

$2.22B

Previous: $2.1B+5.7%
Stock-Based Comp

$1.58M

Previous: $1.91M-17.1%

Revenue & EPS history

Dycom · Revenue · Quarterly

$738M

Q4 2020-1.5%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

  • Communications
    $1.57B
  • Building Systems
    $395M

Forward guidance

The Company expects total contract revenues for the fiscal quarter ending April 25, 2020 to range from $730 million to $780 million. On a GAAP basis, loss per common share for the fiscal quarter ending April 25, 2020 is expected to range from $(0.20) to $(0.03) and Non-GAAP Adjusted Diluted (Loss) Earnings per Common Share is expected to range from $(0.09) to $0.08.

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 Q4 2020

Historical avgQ4 2020

+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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