Dycom Industries Inc. Files 10-Q for Q3 2024
Ticker: DY · Form: 10-Q · Filed: 2024-11-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, construction
TL;DR
**DYCOM Q3 10-Q FILED** - Financial update for period ending Oct 26, 2024.
AI Summary
Dycom Industries Inc. reported its third-quarter results for the period ending October 26, 2024. The company's fiscal year ends on January 25, 2025. Specific financial figures for the quarter were not detailed in this header information.
Why It Matters
This filing provides an update on Dycom Industries' financial performance and operational status for the third quarter, which is crucial for investors to assess the company's trajectory.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the absence of specific financial performance data in the provided snippet necessitates a medium risk assessment.
Key Numbers
- 20241026 — Fiscal Quarter End Date (Indicates the end of the reporting period for the 10-Q.)
- 20241121 — Filing Date (The date the report was officially submitted to the SEC.)
- January 25 2025 — Fiscal Year End (Marks the conclusion of Dycom's fiscal year.)
Key Players & Entities
- DYCOM INDUSTRIES INC (company) — Filer
- 0000067215 (company) — Central Index Key
- 20241026 (date) — Conformed Period of Report
- 20241121 (date) — Filed as of Date
- January 25 2025 (date) — Fiscal Year End
FAQ
What is the primary business of Dycom Industries Inc. according to the filing?
Dycom Industries Inc. is primarily involved in Water, Sewer, Pipeline, Comm and Power Line Construction, as indicated by its SIC code [1623].
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending October 26, 2024.
When was this 10-Q report filed with the SEC?
This 10-Q report was filed as of November 21, 2024.
What is Dycom Industries Inc.'s fiscal year end date?
Dycom Industries Inc.'s fiscal year ends on January 25.
What was Dycom Industries Inc.'s former company name?
Dycom Industries Inc.'s former company name was MOBILE HOME DYNAMICS INC, with a date of name change on March 2, 1982.
Filing Stats: 4,520 words · 18 min read · ~15 pages · Grade level 12.3 · Accepted 2024-11-21 08:36:59
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-20241026.htm (10-Q) — 1325KB
- dyq3fy202510qex311.htm (EX-31.1) — 11KB
- dyq3fy202510qex312.htm (EX-31.2) — 11KB
- dyq3fy202510qex321.htm (EX-32.1) — 6KB
- dyq3fy202510qex322.htm (EX-32.2) — 6KB
- 0000067215-24-000051.txt ( ) — 7945KB
- dy-20241026.xsd (EX-101.SCH) — 58KB
- dy-20241026_cal.xml (EX-101.CAL) — 102KB
- dy-20241026_def.xml (EX-101.DEF) — 268KB
- dy-20241026_lab.xml (EX-101.LAB) — 659KB
- dy-20241026_pre.xml (EX-101.PRE) — 519KB
- dy-20241026_htm.xml (XML) — 1196KB
- 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 44 Item 4.
Controls and Procedures
Controls and Procedures 45
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 46 Item 1A.
Risk Factors
Risk Factors 46 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 5. Other Information 46 Item 6. Exhibits 47 SIGNATURES 48 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) October 26, 2024 January 27, 2024 ASSETS Current assets: Cash and equivalents $ 15,269 $ 101,086 Accounts receivable, net (Note 6) 1,661,293 1,243,256 Contract assets 60,963 52,211 Inventories 115,973 108,565 Income tax receivable — 2,665 Other current assets 43,321 42,253 Total current assets 1,896,819 1,550,036 Property and equipment, net 514,858 444,909 Operating lease right-of-use assets 107,924 76,348 Goodwill 332,374 311,991 Intangible assets, net 227,669 108,954 Other assets 35,051 24,647 Total assets $ 3,114,695 $ 2,516,885 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 241,007 $ 222,121 Current portion of debt 5,000 17,500 Contract liabilities 58,885 39,122 Accrued insurance claims 49,614 44,466 Operating lease liabilities 34,752 32,015 Income taxes payable 23,557 3,861 Other accrued liabilities 195,660 147,219 Total current liabilities 608,475 506,304 Long-term debt 1,092,789 791,415 Accrued insurance claims - non-current 51,227 49,447 Operating lease liabilities - non-current 72,946 44,110 Deferred tax liabilities, net - non-current 31,682 49,562 Other liabilities 23,898 21,391 Total liabilities 1,881,017 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: 29,175,619 and 29,091,278 issued and outstanding, respectively 9,725 9,697 Additional paid-in capital 22,652 6,217 Accumulated other comprehensive loss — ( 1,547 ) Retained earnings 1,201,301 1,040,289 Total stockholders' equity 1,233,678 1,054,656 Total liabilities and stockholders' equity $ 3,114,695 $ 2,516,885 See notes to th