Dycom Industries (NYSE: DY) reported Q2 EPS of $2.03, $0.37 better than the analyst estimate of $1.66. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.04 billion.

GUIDANCE:

The Company expects organic contract revenues for the quarter ending October 28, 2023 to be in line with contract revenues for the quarter ended October 29, 2022. In addition, the Company expects approximately $30 million of acquired contract revenues for the quarter ending October 28, 2023. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending October 28, 2023 is expected to increase 50 to 100 basis points as compared to the quarter ended October 29, 2022.

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