Dycom Industries, Inc. (NYSE: DY) vaulted early Wednesday, on quarterly figures released early in the morning.
The Palm Beach Gardens, Florida-based company reported contract revenues of $799.5 million for the quarter ended July 28, 2018, compared to $780.2 million for the quarter ended July 29, 2017.
Non-GAAP Adjusted EBITDA of $97.8 million, or 12.2% of contract revenues, for the quarter ended July 28, 2018, compared to $118.0 million, or 15.1% of contract revenues, for the quarter ended July 29, 2017.
On a GAAP basis, net income was $29.9 million, or $0.94 per common share diluted, for the quarter ended July 28, 2018, compared to net income of $43.7 million, or $1.38 per common share diluted, for the quarter ended July 29, 2017. Non-GAAP Adjusted Net Income was $33.3 million, or $1.05 per Non-GAAP Adjusted Diluted Share, for the quarter ended July 28, 2018, compared to Non-GAAP Adjusted Net Income of $46.5 million, or $1.47 per common share diluted, for the quarter ended July 29, 2017.
For the 2019 fiscal year ending January 26, 2019, the Company currently expects contract revenues from $3.01 $3.11 billion for fiscal 2019, and $785 - $835 million for the quarter ending October 27.
Diluted EPS is expected to be $2.17 - $2.62 for the fiscal year end, and 69 to 93 cents for the quarter ending October 27.
Shares in Dycom galloped $3.26, or 4.2%, to $80.80, within a 52-week trading range of $67.15 to $123.99.
