Dycom Industries (DY) Misses Q1 EPS by 5c, Miss on Revenues; Lowers FY19 EPS/Revenue Outlook
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Dycom Industries, Inc. Announces Fiscal 2019 First Quarter Results, Provides Guidance For The Next Fiscal Quarter And Lowers Expectations For The Full Fiscal Year
May 22, 2018 6:00 AM EDTPALM BEACH GARDENS, Fla., May 22, 2018 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 28, 2018. The Company reported:
Contract revenues of $731.4 million for the quarter ended April 28, 2018, compared to $786.3 million for the quarter ended April 29, 2017. Contract revenues for the quarter ended April 28, 2018 decreased 10.0% on an organic basis. Organic revenue excludes $14.8 million of contract revenues from storm restoration services in the current period and contract revenues from acquired businesses that were not owned for the entire period in both the current and prior year... More