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Dycom Industries: Fiscal Q4 Earnings Snapshot

March 2, 2022 GMT

PALM BEACH GARDENS, Fla. (AP) _ Dycom Industries Inc. (DY) on Wednesday reported fiscal fourth-quarter net income of $794,000, after reporting a loss in the same period a year earlier.

The Palm Beach Gardens, Florida-based company said it had profit of 3 cents per share. Earnings, adjusted for pretax gains, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The provider of specialty contracting services posted revenue of $761.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $718.1 million.

For the year, the company reported profit of $48.6 million, or $1.57 per share. Revenue was reported as $3.13 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DY at https://www.zacks.com/ap/DY