Dycom Industries, Inc. (DY) has reported a 17.27 percent rise in profit for the quarter ended Apr. 29, 2017. The company has earned $38.80 million, or $1.22 a share in the quarter, compared with $33.08 million, or $1 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $41.58 million, or $1.30 a share compared with $35.70 million or $1.08 a share, a year ago.
Revenue during the quarter grew 18.31 percent to $786.34 million from $664.64 million in the previous year period. Gross margin for the quarter contracted 74 basis points over the previous year period to 20.97 percent. Total expenses were 91.59 percent of quarterly revenues, up from 91.55 percent for the same period last year. That has resulted in a contraction of 4 basis points in operating margin to 8.41 percent.
Operating income for the quarter was $66.14 million, compared with $56.14 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $108.21 million compared with $91.87 million in the prior year period. At the same time, adjusted EBITDA margin contracted 6 basis points in the quarter to 13.76 percent from 13.82 percent in the last year period.
For the fourth-quarter, Dycom Industries, Inc. expects revenue to be in the range of $780 million to $810 million. It expects adjusted revenue to be in the range of $755 million to $785 million. It projects diluted earnings per share to be in the range of $1.26 to $1.41. It projects diluted earnings per share to be in the range of $1.35 to $1.50 on an adjusted basis, for the same period.
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