Dycom Industries (DY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Dycom Industries remains a buy, driven by accelerating organic growth, margin expansion, and robust demand visibility. Q3 results exceeded guidance: contract revenues up 14.1% y/y, adj. EBITDA up ~29% y/y, and margin expanded to 15.1%. The $1.95B Power Solutions acquisition deepens DY's data center exposure, enhances cross-selling, and boosts backlog to ~$10B.
Does Dycom Industries (DY) have what it takes to be a top stock pick for momentum investors? Let's find out.
| - Industry | - Sector | Daniel S. Peyovich CEO | XBER Exchange | US2674751019 ISIN |
| US Country | 15,623 Employees | - Last Dividend | 17 Feb 2000 Last Split | 24 Sep 1990 IPO Date |
Dycom Industries, Inc. stands as a pivotal provider of specialty contracting services catered primarily to the telecommunications infrastructure and utility industries across the United States. Established in 1969, with its headquarters in Palm Beach Gardens, Florida, the company has built a reputation for offering a broad spectrum of engineering and construction services. These services are essential for the development and maintenance of telecommunications networks, including fiber optic, copper, and coaxial cable systems, as well as support for wireless network expansion. Additionally, Dycom extends its services to the construction and maintenance of infrastructure for electric and gas utilities, showcasing its extensive expertise in serving the needs of a diverse array of utility providers.
Dycom Industries, Inc. delivers an expansive range of services, each tailored to meet the intricate demands of the telecommunications and utility sectors. The services include:
This encompasses the planning and designing of telecom networks, including aerial, underground, and buried fiber optic, copper, and coaxial cable systems. Dycom also offers design services for the deployment of macro cell and new small cell sites, along with program and project management, and inspection personnel services to telecommunications providers.
These services are provided for telephone companies and cable multiple system operators. They cover an array of operations such as the placement and splicing of copper, fiber, and coaxial cables. Additionally, Dycom undertakes tower construction, lines, and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, not forgetting equipment installation, material fabrication, and site testing services.
Dycom offers services for locating underground facilities, including telephone, cable television, power, water, sewer, and gas lines. This is crucial for preventing damage during construction activities and for maintenance purposes.
This service focuses on the installation and maintenance of equipment like digital video recorders, set top boxes, and modems for cable system operators, ensuring that customers receive uninterrupted service and support.
Beyond telecommunications, Dycom provides construction and maintenance services for electric and gas utilities and other customers. This diversification showcases the company's capability to cater to a broad spectrum of infrastructure needs beyond its core telecom service offerings.