Dycom Posts Record Q2 Revenue of $2.01 Billion, Up 45.6% Year on Year

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Summary · why it matters

Dycom reported revenues of $2.01 billion for the second quarter, up 45.6% year on year and 1.4% above analysts' expectations, as the engineering and design services group as a whole beat consensus revenue estimates by 1.5%. The company, which builds and maintains telecommunications infrastructure, also beat analysts' EBITDA and EPS estimates, though it delivered the weakest full-year guidance update of the five engineering and design services stocks tracked. Chief Executive Officer Dan Peyovich said Dycom delivered record organic first half revenue and grew its backlog to a record level, and the company officially welcomed National Technology Integrators to the Dycom family. Dycom shares are down 21.2% since reporting and currently trade at $277.28, while the group's stocks are down 14.6% on average since the latest earnings results. Among peers, EMCOR reported revenues of $5.15 billion, up 19.8% year on year, and posted the highest full-year guidance raise in the group, while AECOM reported revenues of $3.59 billion, down 14.2% year on year, marking the weakest performance against analyst estimates and the slowest revenue growth among its peers.

Impact on assets 6

Artificial Intelligence▲
EMCOR Group Inc
EME
▲ PositiveCapitalrelevance

EMCOR reported revenues of $5.15 billion, up 19.8% year on year, and posted the highest full-year guidance raise in the group.

Cloud & Digital Infrastructure▲
Dycom Industries Inc
DY
▲ PositiveCapitalrelevance

Dycom posted record Q2 revenue of $2.01 billion, up 45.6% year on year, beating consensus on revenue, EBITDA and EPS.

Climate Adaptation & Water▼
Aecom Technology Corporation
ACM
▼ NegativeCapitalrelevance

AECOM reported revenues of $3.59 billion, down 14.2% year on year, the weakest performance against analyst estimates and slowest revenue growth among peers.

Financials▲
Energy Transition & Power Demand▲

Off-coverage companies 1

National Technology Integrators, LLCi
Private± Mixedrelevance