Dycom Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2023
August 23, 2023 at 11:00 am
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Dycom Industries, Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 1,041.54 million compared to USD 972.27 million a year ago. Net income was USD 60.25 million compared to USD 43.86 million a year ago. Basic earnings per share from continuing operations was USD 2.05 compared to USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 2.03 compared to USD 1.46 a year ago.
For the six months, sales was USD 2,087.01 million compared to USD 1,848.57 million a year ago. Net income was USD 111.77 million compared to USD 63.39 million a year ago. Basic earnings per share from continuing operations was USD 3.81 compared to USD 2.14 a year ago. Diluted earnings per share from continuing operations was USD 3.76 compared to USD 2.11 a year ago.
Dycom Industries, Inc. is a provider of specialty contracting services. The Company supplies telecommunications providers with a portfolio of services, such as program management, planning, engineering and design, aerial, wireless construction, maintenance, and fulfillment services. It provides underground facility locating services for utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also supplies the expertise, labor, equipment, and tools necessary to provide services to its customers. It provides engineering services to telecommunications providers, such as planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumers' home or businesses. It provides construction and installation services, including the placement and splicing of fiber, copper, and coaxial cables.
DYCOM INDUSTRIES, INC. 
