Dycom Industries Files Q2 10-Q

TL;DR

Dycom Industries filed their Q2 10-Q, covering the period ending July 27, 2024.

AI Summary

Dycom Industries Inc. reported its Q2 results for the fiscal year ending January 25, 2025. The company's fiscal year ends on January 25th. The filing covers the period ending July 27, 2024, and was submitted on August 22, 2024. Specific financial figures for the quarter are not detailed in this header information.

Why It Matters

This filing provides an update on Dycom Industries' financial performance and operational status for the second quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags in the provided header information.

Key Players & Entities

• DYCOM INDUSTRIES INC (company) — Filer
• 0000067215 (company) — Central Index Key
• 20240727 (date) — Conformed Period of Report
• 20240822 (date) — Filed as of Date

FAQ

Key Financial Figures

• $0.33 — ich Registered Common stock, par value $0.33 1/3 per share DY New York Stock Exchang

Filing Documents

• dy-20240727.htm (10-Q) — 1304KB
• dyq2fy202510qex311.htm (EX-31.1) — 11KB
• dyq2fy202510qex312.htm (EX-31.2) — 11KB
• dyq2fy202510qex321.htm (EX-32.1) — 6KB
• dyq2fy202510qex322.htm (EX-32.2) — 6KB
• 0000067215-24-000040.txt ( ) — 7848KB
• dy-20240727.xsd (EX-101.SCH) — 59KB
• dy-20240727_cal.xml (EX-101.CAL) — 96KB
• dy-20240727_def.xml (EX-101.DEF) — 271KB
• dy-20240727_lab.xml (EX-101.LAB) — 665KB
• dy-20240727_pre.xml (EX-101.PRE) — 519KB
• dy-20240727_htm.xml (XML) — 1159KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4.

Controls and Procedures

Controls and Procedures 44

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 45 Item 1A.

Risk Factors

Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 5. Other Information 45 Item 6. Exhibits 46 SIGNATURES 47 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

. Financial Statements

Item 1 . Financial Statements. 3 Table of Contents DYCOM INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share amounts) (Unaudited) July 27, 2024 January 27, 2024 ASSETS Current assets: Cash and equivalents $ 19,564 $ 101,086 Accounts receivable, net (Note 6) 1,507,475 1,243,256 Contract assets 74,229 52,211 Inventories 101,248 108,565 Income tax receivable 5,826 2,665 Other current assets 52,323 42,253 Total current assets 1,760,665 1,550,036 Property and equipment, net 482,996 444,909 Operating lease right-of-use assets 79,975 76,348 Goodwill 320,388 311,991 Intangible assets, net 109,160 108,954 Other assets 26,211 24,647 Total assets $ 2,779,395 $ 2,516,885 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 233,533 $ 222,121 Current portion of debt — 17,500 Contract liabilities 34,754 39,122 Accrued insurance claims 51,165 44,466 Operating lease liabilities 33,310 32,015 Income taxes payable — 3,861 Other accrued liabilities 158,341 147,219 Total current liabilities 511,103 506,304 Long-term debt 942,368 791,415 Accrued insurance claims - non-current 55,206 49,447 Operating lease liabilities - non-current 46,190 44,110 Deferred tax liabilities, net - non-current 43,943 49,562 Other liabilities 22,136 21,391 Total liabilities 1,620,946 1,462,229 COMMITMENTS AND CONTINGENCIES (Note 20) Stockholders' equity: Preferred stock, par value $ 1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding — — Common stock, par value $ 0.33 1/3 per share: 150,000,000 shares authorized: 29,098,029 and 29,091,278 issued and outstanding, respectively 9,699 9,697 Additional paid-in capital 17,238 6,217 Accumulated other comprehensive loss — ( 1,547 ) Retained earnings 1,131,512 1,040,289 Total stockholders' equity 1,158,449 1,054,656 Total liabilities and stockholders' equity $ 2,779,395 $ 2,516,885 See notes to the condensed