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Dycom sees Q1 contract revenue in-line to slightly lower y/y, consensus $1.08B
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Dycom sees Q1 contract revenue in-line to slightly lower y/y, consensus $1.08B

The company expects organic contract revenues for the quarter ending April 27, 2024 to range from in-line to slightly lower as a percentage of contract revenues compared to the quarter ended April 29, 2023. In addition, the company expects approximately $60M of acquired contract revenues for the quarter ending April 27, 2024. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending April 27, 2024 is expected to increase 25 to 75 basis points compared to the quarter ended April 29, 2023. Looking ahead to the quarter ending July 27, 2024, the company expects organic revenue growth to resume.

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