FBR Capital Raises Price Target on Dycom Industries (DY) to $115 Following 3Q EPS Beat
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Dycom Industries, Inc. Expands its Credit Agreement Capacity to $800 Million
May 24, 2016 4:08 PM EDTPALM BEACH GARDENS, Fla., May 24, 2016 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) today announced that it has amended its existing credit agreement to increase the term loan facility by $200.0 million to $350.0 million in total.  Dycom intends to use the proceeds of the additional term loan to pay down revolving loans, thus increasing availability under its revolving facility, and for general corporate purposes. After giving effect to the amendment, total capacity under the Company's credit agreement is $800.0... More
Dycom Industries, Inc. Announces Fiscal 2016 Third Quarter Results And Provides Guidance For The Next Fiscal Quarter
May 24, 2016 4:05 PM EDTPALM BEACH GARDENS, Fla., May 24, 2016 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the third quarter ended April 23, 2016. The Company reported:
Contract revenues of $664.6 million for the quarter ended April 23, 2016, compared to $492.4 million for the quarter ended April 25, 2015. Contract revenues for the quarter ended April 23, 2016 grew 28.7% on an organic basis after excluding contract revenues from acquired businesses that were not owned for the entire period in both the current and prior year quarter. Total contract revenues from acquired businesses were $30.8 million for the quarter ended April... More