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Dycom Industries : Q1 2022 Results Release


FOR IMMEDIATE RELEASE
H. Andrew DeFerrari, Senior Vice President and CFO
Callie A. Tomasso, Investor Relations
(561) 627-7171
DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2022 FIRST QUARTER RESULTS
Palm Beach Gardens, Florida, May 25, 2021 - Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended May 1, 2021.
First Quarter Fiscal 2022 Highlights
Contract revenues of $727.5 million for the quarter ended May 1, 2021, compared to $814.3 million for the quarter ended April 25, 2020. Contract revenues decreased 11.1% on an organic basis after excluding $3.9 million in contract revenues from storm restoration services for the quarter ended May 1, 2021.
Non-GAAPAdjusted EBITDA of $44.1 million, or 6.1% of contract revenues, for the quarter ended May 1, 2021, compared to $69.9 million, or 8.6% of contract revenues, for the quarter ....

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