Dycom Industries (NYSE: DY) reported Q2 EPS of $1.05, $0.03 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $799.5 million versus the consensus estimate of $799.45 million.

• 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. Contract revenues for the quarter ended July 28, 2018 increased 0.8% on an organic basis after excluding $3.8 million of contract revenues from storm restoration services in the current period and $9.1 million of contract revenues from an acquired business that was not owned during the comparable prior period.
• 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.

GUIDANCE:

Dycom Industries sees FY2019 EPS of $2.62-$3.07, versus the consensus of $3.23. Dycom Industries sees FY2019 revenue of $3.01-3.11 billion, versus the consensus of $3.09 billion.

For earnings history and earnings-related data on Dycom Industries (DY) click here.