Research Desk Line-up: Argan Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Dycom Industries, Inc. (NYSE: DY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DY, following the Company's posting of its financial results on August 29, 2017, for the fourth quarter of the fiscal year 2017. The Company's organic contract revenue increased 4.6% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Heavy Construction industry. Pro-TD has currently selected Argan, Inc. (NYSE: AGX) for due-diligence and potential coverage as the Company announced on September 07, 2017, its financial results for Q2 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Argan when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on DY; also brushing on AGX. With the links below you can directly download the report of your stock of interest free of charge at:
For the three months ended July 29, 2017, Dycom Industries' contract revenue decreased 1.1% to $780.19 million from $789.16 million in Q4 FY16. During Q4 FY17, the Company's organic contract revenue increased 4.6% to $760.92 million from $727.60 million in Q4 FY16. The contract revenue was below analysts' expectations of $799 million.
During Q4 FY17, Dycom Industries' earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 3.9% to $119.81 million from $124.67 million in Q4 FY16. During Q4 FY17, the Company's EBITDA margin decreased 40 basis points to 15.4% of revenue from 15.8% of revenue in Q4 FY16. For the reported quarter, the Company's adjusted EBITDA decreased 6.3% to $118.04 million from $126.04 million in Q4 FY16. During Q4 FY17, the Company's adjusted EBITDA margin decreased 90 basis points to 15.1% of revenue from 16.0% of revenue in Q4 FY16.
For the reported quarter, Dycom Industries' G&A expenses decreased 4.2% to $59.52 million from $62.15 million in Q4 FY16. During Q4 FY17, the Company's D&A expenses increased 11.7% to $40.24 million from $36.01 million in Q4 FY16.
During Q4 FY17, the Company's earnings before interest and taxes (EBIT) decreased 11.5% to $69.84 million from $78.95 million in Q4 FY16. For the reported quarter, Dycom Industries' adjusted EBIT decreased 11.8% to $74.33 million from $84.26 million in Q4 FY16.
During Q4 FY17, Dycom Industries' net income decreased 11.4% to $43.71 million from $49.36 in Q4 FY16. For the reported quarter, the Company's adjusted net income decreased 11.7% to $46.53 million from $52.67 million in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) decreased 10.4% to $1.38 from $1.54 in Q4 FY16. During Q4 FY17, the Company's adjusted diluted EPS decreased 10.4% to $1.47 from $1.64 in Q4 FY16. The adjusted diluted EPS surpassed analysts' expectations of $1.44.
As on July 29, 2017, Dycom Industries' cash and cash equivalents increased 14.3% to $38.61 million from $33.79 million in Q4 FY16.
During Q4 FY17, the Company's net accounts receivable increased 12.7% to $369.80 million from $328.03 million in Q4 FY16.
For the reported quarter, Dycom Industries' inventories increased 13% to $83.20 million from $73.61 million in Q4 FY16.
During Q4 FY17, the Company's accounts payable increased 15.1% to $132.97 million from $115.49 million in Q4 FY16.
During Q4 FY17, Dycom Industries' long-term debt increased 4.5% to $738.27 million from $706.20 million in Q4 FY16.
For the reported quarter, the Company's cash provided by operating activities decreased 17.9% to $149.9 million from $182.5 million in Q4 FY16.
For Q1 FY18, Dycom Industries expects diluted EPS to be in the range of $0.72 - $0.87 and adjusted diluted EPS to be in the band of $0.81 - $0.96.
At the closing bell, on Tuesday, September 19, 2017, Dycom Industries' stock slightly dropped 0.24%, ending the trading session at $80.25. A total volume of 432.53 thousand shares have exchanged hands. The Company's stock price advanced 0.35% in the previous one month. The stock is trading at a PE ratio of 16.31 and currently has a market cap of $2.48 billion.
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SOURCE: Pro-Trader Daily