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Dycom Industries (NYSE: DY): Q3 2020 Earnings Snapshot

— Dycom Industries Inc. (NYSE: DY) reported its third-quarter 2020 adjusted earnings of $0.88 per share versus $0.72 per share expected.

— Contract revenues rose by 4.2% to $884.1 million versus $849.9 million expected. The contract revenues increased by 4.7% on an organic basis after excluding $3.9 million in contract revenues from storm restoration services.

Earnings Update by AlphaStreet

— Adjusted EBITDA decreased to $91.7 million from $98.6 million in the previous year quarter.

— Looking ahead into the fourth quarter, the company now expects total contract revenues in the range of $700-740 million compared to the consensus estimates of $747.28 million.

— For the fourth quarter, the net loss is predicted to be in the range of $0.27-0.10 per share and adjusted per-share results are anticipated to be between a loss of $0.15 and a profit of $0.02. The consensus estimates EPS of $0.10.

— The company had solid liquidity of $219.6 million at the end of Q3 2020 consisting of availability under the senior credit facility and cash on hand.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

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