On July 31 2023, DYCOM INDUSTRIES ($NYSE:DY) released their second quarter financial results for FY2024, which reported total revenue of USD 1041.5 million – a 7.1% year-on-year growth. Net income for the period was USD 60.2 million, demonstrating a 37.4% year-on-year increase.
GoodWhale has conducted a comprehensive analysis of DYCOM INDUSTRIES‘ fundamentals in order to provide investors with a better understanding of the company. GoodWhale has assigned a Risk Rating of “medium” to the company, indicating that there are some potential risks associated with investing in this company. GoodWhale has detected two risk warnings in DYCOM INDUSTRIES’ income sheet and balance sheet. While these warnings should not be taken lightly, they may not necessarily indicate a high-risk investment. For those interested in finding out more about these potential risks, it is recommended to register with GoodWhale and take a closer look at the company’s financials. With GoodWhale’s comprehensive analysis, investors can make informed decisions when investing in DYCOM INDUSTRIES. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Dycom Industries. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dycom Industries. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dycom Industries. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Dycom Industries are shown below. More…
Income Statement Ratios
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Other Supplementary Items
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Dycom Industries Inc is one of the leading companies in specialty contracting services. It competes with several other major companies in the industry, such as MYR Group Inc, Argan Inc, and ENGlobal Corp. All of these companies offer similar services and strive to provide the best solutions for their clients.
MYR Group Inc is a leading specialty contractor focused on the transmission, distribution and on-site generation of electrical power in the United States, with a market cap of 2.05B as of 2023. The company primarily serves the public utility, cooperative utility, and industrial markets, providing a wide range of services on electric transmission and distribution networks. MYR Group Inc has a strong Return on Equity (ROE) of 13.43%, which is above the industry average. This indicates that the company is able to efficiently generate profits from its shareholders’ investments. MYR Group Inc has a long history and continues to remain a leader in the power infrastructure industry.
Argan Inc is a publicly traded company that operates across a variety of industries, including energy, engineering, and construction. With a market cap of 542.1 million as of 2023, the company has been able to successfully establish itself as one of the top players in its respective fields. Its Return on Equity of 8.82% provides investors with a strong indication of its financial performance, as well as its potential for growth over the coming years. Argan Inc’s financial position, combined with its wide range of services, ensure that it is well-positioned to continue to provide value to its shareholders moving forward.
NEGGlobal Corp is a technology and engineering company that focuses on developing, manufacturing and distributing products and services for a variety of industries. It has a market capitalization of 29.03M as of 2023, which indicates the company’s size and market presence. Its Return on Equity (ROE) of -30.93% is indicative of the company’s overall financial performance in the current year, suggesting that it has not been very profitable. NEGGlobal Corp has been diversifying its product portfolio to improve profitability and provide high-quality products to its customers. The company is expected to continue to grow its market presence in the coming years.
DYCOM Industries reported strong second quarter earnings results in July 2023, with total revenue of USD 1041.5 million, a 7.1% year-over-year increase, and net income of USD 60.2 million, a 37.4% year-over-year increase. The positive results sent share price up on the same day. This is an encouraging sign for potential investors, indicating that DYCOM Industries remains a strong and profitable investment opportunity. With a strong balance sheet and consistent growth, DYCOM Industries is likely to remain an attractive investment for those seeking to add it to their portfolio.