Dycom sees Q4 contract revenue up mid- to high single digits

For the quarter ending January 25, 2025, the company expects total contract revenues to increase mid- to high single digit as a percentage of contract revenues, compared to $952.5M for the quarter ended January 27, 2024. Included in the expectation for the quarter ending January 25, 2025 is approximately $35M of revenues from acquired businesses not owned for the entirety of both the current and prior year quarters. For comparison purposes, there were no acquired revenues from these businesses in the quarter ended January 27, 2024. Non-GAAP Adjusted EBITDA as a percentage of contract revenues for the quarter ending January 25, 2025 is expected to increase approximately 25 basis points, compared to 9.8% in the quarter ended January 27, 2024.