Dycom Industries Inc. Files 2024 10-K Report

TL;DR

<b>Dycom Industries Inc. has filed its 2024 10-K report detailing its financial performance and operations for the fiscal year ending January 27, 2024.</b>

AI Summary

DYCOM INDUSTRIES INC (DY) filed a Annual Report (10-K) with the SEC on March 1, 2024. Dycom Industries Inc. filed its annual 10-K report for the fiscal year ending January 27, 2024. The company's fiscal year end is January 27. Dycom Industries Inc. was formerly known as Mobile Home Dynamics Inc. The company's SIC code is 1623 for Water, Sewer, Pipeline, Comm and Power Line Construction. The filing covers the period ending January 27, 2024, with the previous period ending January 29, 2023.

Why It Matters

For investors and stakeholders tracking DYCOM INDUSTRIES INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Dycom's financial health, operational performance, and strategic direction for the past fiscal year, which is crucial for investors to assess the company's current standing and future prospects. Understanding the company's historical financial data, including revenue recognition methods and stock compensation plans, as detailed in this filing, is essential for evaluating its growth trajectory and investment potential.

Risk Assessment

Risk Level: low — DYCOM INDUSTRIES INC shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational information without immediate, significant market-moving news.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Dycom's performance and potential challenges.

Key Numbers

• 2024-01-27 — Fiscal Year End (Conformed period of report)
• 2023-01-29 — Previous Fiscal Year End (Comparison period)
• 1982-03-02 — Date of Name Change (Former company name transition)
• 1623 — SIC Code (Industry classification)

Key Players & Entities

• DYCOM INDUSTRIES INC (company) — Filer name
• 10-K (document) — Filing type
• January 27, 2024 (date) — Conformed period of report
• March 1, 2024 (date) — Filed as of date
• MOBILE HOME DYNAMICS INC (company) — Former company name
• 1623 (industry_code) — Standard Industrial Classification
• FL (location) — State of incorporation
• 561-627-7171 (phone) — Business phone

FAQ

Key Dates

• 2024-01-27: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-01: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial and operational overview for Dycom Industries Inc.)

SIC Code

Standard Industrial Classification code, a system used to classify industries. (Indicates Dycom's primary business sector: Water, Sewer, Pipeline, Comm and Power Line Construction.)

Key Financial Figures

• $0.33 — ich Registered Common stock, par value $0.33 1/3 per share DY New York Stock Exchang
• $6.917 billion — reements with our customers and totaled $6.917 billion and $6.141 billion at January 27, 2024
• $6.141 billion — ustomers and totaled $6.917 billion and $6.141 billion at January 27, 2024 and January 28, 202

Filing Documents

• dy-20240127.htm (10-K) — 1839KB
• dyfy202410kex211.htm (EX-21.1) — 22KB
• dyfy202410kex231.htm (EX-23.1) — 2KB
• dyfy202410kex311.htm (EX-31.1) — 11KB
• dyfy202410kex312.htm (EX-31.2) — 11KB
• dyfy202410kex321.htm (EX-32.1) — 6KB
• dyfy202410kex322.htm (EX-32.2) — 6KB
• dycomspolicyrelatingtore.htm (EX-97) — 19KB
• dy-20240127_g1.jpg (GRAPHIC) — 275KB
• dycomspolicyrelatingtore001.jpg (GRAPHIC) — 286KB
• dycomspolicyrelatingtore002.jpg (GRAPHIC) — 289KB
• dycomspolicyrelatingtore003.jpg (GRAPHIC) — 231KB
• dycomspolicyrelatingtore004.jpg (GRAPHIC) — 251KB
• dycomspolicyrelatingtore005.jpg (GRAPHIC) — 255KB
• 0000067215-24-000014.txt (&nbsp;) — 13103KB
• dy-20240127.xsd (EX-101.SCH) — 72KB
• dy-20240127_cal.xml (EX-101.CAL) — 121KB
• dy-20240127_def.xml (EX-101.DEF) — 317KB
• dy-20240127_lab.xml (EX-101.LAB) — 916KB
• dy-20240127_pre.xml (EX-101.PRE) — 645KB
• dy-20240127_htm.xml (XML) — 1601KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 20 Item 1C. Cybersecurity 20 Item 2.

Properties

Properties 20 Item 3.

Legal Proceedings

Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 Item 6.

Selected Financial Data

Selected Financial Data 23 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 40 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 42 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 79 Item 9A.

Controls and Procedures

Controls and Procedures 79 Item 9B. Other Information 80 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 80 PART III Item 10. Directors, Executive Officers and Corporate Governance 81 Item 11.

Executive Compensation

Executive Compensation 81 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 81 Item 13. Certain Relationships, Related Transactions and Director Independence 81 Item 14. Principal Accounting Fees and Services 81 PART IV Item 15. Exhibits and Financial Statement Schedules 82 Item 16. Form 10-K Summary 84

Signatures

Signatures 2 Table of Contents Cautionary Note Concerning Forward-Looking Statements This Annual Report on Form 10-K, including any documents that may be incorporated by reference, may contain forward-looking statements. Forward looking statements can be identified with words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "forecast," "target," "outlook," "may," "should," "could," and similar expressions, as well as statements written in the future tense. These statements, as well as any other written or oral forward-looking statements we may make from time to time in other SEC filings or other public communications are intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. You should not consider forward-looking statements as guarantees of future performance or results. When made, forward-looking statements are based on information known to management at such time and/or management's good faith belief with respect to future events. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in our forward-looking statements. Important factors, assumptions, uncertainties, and risks that could cause such differences include, but are not limited to: projections of revenues, income or loss, or capital expenditures; future economic conditions and trends in the industries we serve; customer capital budgets and spending priorities; our plans for future operations, growth and services, including contract backlog; our plans for future acquisitions, dispositions, or financial needs; expected benefits and synergies of businesses acquired and future opportunities for the combined businesses; anticipated outcomes of contingent events, including litigation; availability of capital; restrictions imposed by our senior notes and credit agreement; use of our cash flow to serv

Business

Item 1. Business. Dycom Industries, Inc. ("Dycom," the "Company," "we," or "us") is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. Since our incorporation in the State of Florida in 1969, we have expanded our scope and service offerings organically and through acquisitions. Today, Dycom is made up of more than 40 operating companies that serve a diverse customer base across 49 states from hundreds of field offices. Our deep industry knowledge, strong customer relationships, broad geographic presence and skilled workforce provide the scale needed to quickly execute on opportunities to service existing and new customers throughout urban and rural America. Dycom's operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services. Additionally, we provide underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. Dycom supplies the expertise, labor, equipment, and tools necessary to provide services to our customers. Engineering Services. We provide engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer's home or business. We also plan and design wireless networks in connection with the deployment of new and enhanced macro cell and new small cell sites. Additionally, we obtain rights of way and permits in support of our engineering activities and those of our customers and provide program and project management and inspection personnel in conjunction