DYCOM INDUSTRIES, INC. (NYSE:DY) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On March 1, 2017, Dycom Industries, Inc. (the Company) issued a
press release reporting fiscal 2017 second quarter>results.
The Company also provided forward guidance. Additionally, on
March 1, 2017, the Company made available related materials to be
discussed during the Companys webcast and conference call
referred to in such press release. A copy of the press release
and related conference call materials are furnished as Exhibits
99.1 and 99.2, respectively, to this Current Report on Form 8-K
and are incorporated herein by reference.
press release reporting fiscal 2017 second quarter>results.
The Company also provided forward guidance. Additionally, on
March 1, 2017, the Company made available related materials to be
discussed during the Companys webcast and conference call
referred to in such press release. A copy of the press release
and related conference call materials are furnished as Exhibits
99.1 and 99.2, respectively, to this Current Report on Form 8-K
and are incorporated herein by reference.
The press release and related materials contain the financial
measures of Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted Net
Income, Non-GAAP Adjusted Diluted Earnings per Common Share, and
certain amounts relating to organic contract revenue, which are
Non-GAAP financial measures within the meaning of Regulation G
promulgated by the Securities and Exchange Commission. Non-GAAP
Adjusted EBITDA, defined by the Company as earnings before
interest, taxes, depreciation and amortization, gain on sale of
fixed assets, stock-based compensation expense, loss on debt
extinguishment, and certain non-recurring items, is not a
recognized term under generally accepted accounting principles
(GAAP) and does not purport to be an alternative to net income,
operating cash flows, or a measure of earnings. Non-GAAP Adjusted
Net Income is not a recognized term under GAAP and does not
purport to be an alternative to GAAP net income. Non-GAAP
Adjusted Diluted Earnings per Common Share is not a recognized
term under GAAP and does not purport to be an alternative to GAAP
diluted earnings per common share. Organic contract revenue is
not a recognized term under GAAP and does not purport to be an
alternative to GAAP contract revenue. Because all companies do
not use identical calculations, the presentation of these
Non-GAAP financial measures may not be comparable to other
similarly titled measures of other companies. The Company
believes these Non-GAAP financial measures provide information
that is useful to investors because it allows for a more direct
comparison of the Companys performance for the period reported
with the Companys performance in prior periods.
measures of Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted Net
Income, Non-GAAP Adjusted Diluted Earnings per Common Share, and
certain amounts relating to organic contract revenue, which are
Non-GAAP financial measures within the meaning of Regulation G
promulgated by the Securities and Exchange Commission. Non-GAAP
Adjusted EBITDA, defined by the Company as earnings before
interest, taxes, depreciation and amortization, gain on sale of
fixed assets, stock-based compensation expense, loss on debt
extinguishment, and certain non-recurring items, is not a
recognized term under generally accepted accounting principles
(GAAP) and does not purport to be an alternative to net income,
operating cash flows, or a measure of earnings. Non-GAAP Adjusted
Net Income is not a recognized term under GAAP and does not
purport to be an alternative to GAAP net income. Non-GAAP
Adjusted Diluted Earnings per Common Share is not a recognized
term under GAAP and does not purport to be an alternative to GAAP
diluted earnings per common share. Organic contract revenue is
not a recognized term under GAAP and does not purport to be an
alternative to GAAP contract revenue. Because all companies do
not use identical calculations, the presentation of these
Non-GAAP financial measures may not be comparable to other
similarly titled measures of other companies. The Company
believes these Non-GAAP financial measures provide information
that is useful to investors because it allows for a more direct
comparison of the Companys performance for the period reported
with the Companys performance in prior periods.
The information in the preceding paragraphs, as well as Exhibits
99.1 and 99.2, shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934 (the Exchange Act), or
otherwise subject to the liabilities of that section. It may only
be incorporated by reference into another filing under the
Exchange Act or the Securities Act of 1933 (the Securities Act)
if such subsequent filing specifically references this Current
Report on Form 8-K.
99.1 and 99.2, shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934 (the Exchange Act), or
otherwise subject to the liabilities of that section. It may only
be incorporated by reference into another filing under the
Exchange Act or the Securities Act of 1933 (the Securities Act)
if such subsequent filing specifically references this Current
Report on Form 8-K.
Item 7.01 Regulation FD Disclosure.
On March 1, 2017, the Company issued a press release reporting
fiscal 2017 second quarter>results. The Company also provided
forward guidance. Additionally, on March 1, 2017, the Company
made available related materials to be discussed during the
Companys webcast and conference call referred to in such press
release. A copy of the press release and related conference call
materials are furnished as Exhibits 99.1 and 99.2, respectively,
to this Current Report on Form 8-K and are incorporated herein by
reference.
fiscal 2017 second quarter>results. The Company also provided
forward guidance. Additionally, on March 1, 2017, the Company
made available related materials to be discussed during the
Companys webcast and conference call referred to in such press
release. A copy of the press release and related conference call
materials are furnished as Exhibits 99.1 and 99.2, respectively,
to this Current Report on Form 8-K and are incorporated herein by
reference.
The press release and related materials contain the financial
measures of Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted Net
Income, Non-GAAP Adjusted Diluted Earnings per Common Share, and
certain amounts relating to organic contract revenue, which are
Non-GAAP financial measures within the meaning of Regulation G
promulgated by the Securities and Exchange Commission. Non-GAAP
Adjusted EBITDA, defined by the Company as earnings before
interest, taxes, depreciation and amortization, gain on sale of
fixed assets, stock-based compensation expense, loss on debt
extinguishment, and certain non-recurring items, is not a
recognized term under GAAP and does not purport to be an
alternative to net income, operating cash flows, or a measure of
earnings. Non-GAAP Adjusted Net Income is not a recognized term
under GAAP and does not purport to be an alternative to GAAP net
income. Non-GAAP Adjusted Diluted Earnings per Common Share is
not a recognized term under GAAP and does not purport to be an
alternative to GAAP diluted earnings per common share. Organic
contract revenue is not a recognized term under GAAP and does not
purport to be an alternative to GAAP contract revenue. Because
all companies do not use identical calculations, the presentation
of these Non-GAAP financial measures may not be comparable to
other similarly titled measures of other companies. The Company
believes these Non-GAAP financial measures provide information
that is useful to investors because it allows for a more direct
comparison of the Companys performance for the period reported
with the Companys performance in prior periods.
measures of Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted Net
Income, Non-GAAP Adjusted Diluted Earnings per Common Share, and
certain amounts relating to organic contract revenue, which are
Non-GAAP financial measures within the meaning of Regulation G
promulgated by the Securities and Exchange Commission. Non-GAAP
Adjusted EBITDA, defined by the Company as earnings before
interest, taxes, depreciation and amortization, gain on sale of
fixed assets, stock-based compensation expense, loss on debt
extinguishment, and certain non-recurring items, is not a
recognized term under GAAP and does not purport to be an
alternative to net income, operating cash flows, or a measure of
earnings. Non-GAAP Adjusted Net Income is not a recognized term
under GAAP and does not purport to be an alternative to GAAP net
income. Non-GAAP Adjusted Diluted Earnings per Common Share is
not a recognized term under GAAP and does not purport to be an
alternative to GAAP diluted earnings per common share. Organic
contract revenue is not a recognized term under GAAP and does not
purport to be an alternative to GAAP contract revenue. Because
all companies do not use identical calculations, the presentation
of these Non-GAAP financial measures may not be comparable to
other similarly titled measures of other companies. The Company
believes these Non-GAAP financial measures provide information
that is useful to investors because it allows for a more direct
comparison of the Companys performance for the period reported
with the Companys performance in prior periods.
The information in the preceding paragraphs, as well as Exhibits
99.1 and 99.2, shall not be deemed filed for purposes of Section
18 of the Exchange Act, or otherwise subject to the liabilities
of that section. It may only be incorporated by reference into
another filing under the Exchange Act or the Securities Act if
such subsequent filing specifically references this Current
Report on Form 8-K.
99.1 and 99.2, shall not be deemed filed for purposes of Section
18 of the Exchange Act, or otherwise subject to the liabilities
of that section. It may only be incorporated by reference into
another filing under the Exchange Act or the Securities Act if
such subsequent filing specifically references this Current
Report on Form 8-K.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking
statements as contemplated by the 1995 Private Securities
Litigation Reform Act, including statements regarding the outlook
for the Company. These statements are based on managements
current expectations, estimates and projections. Forward-looking
statements are subject to risks and uncertainties that may cause
actual results in the future to differ materially from the
results projected or implied in any forward-looking statements
contained in this Current Report on Form 8-K. The most
significant of these risks and uncertainties are described in the
Companys Form 10-K, Form 10-Q and Form 8-K reports (including all
amendments to those reports) and include business and economic
conditions and trends in the telecommunications industry
affecting the Companys customers, the adequacy of the Companys
insurance and other reserves and allowances for doubtful
accounts, whether the carrying value of the Companys assets may
be impaired, preliminary purchase price allocations of acquired
businesses, expected benefits and synergies of acquisitions,
future financial and operating results, the future impact of any
acquisitions or dispositions, adjustments and cancellations
related to the Companys backlog, the anticipated outcome of other
contingent events, including litigation, liquidity and other
financial needs, the availability of financing, and the other
risks and uncertainties detailed from time to time in the
Companys filings with the Securities and Exchange Commission.
These filings are available on a web site maintained by the
Securities and Exchange Commission at http://www.sec.gov. The
Company does not undertake to update forward looking statements
except as required by law.
statements as contemplated by the 1995 Private Securities
Litigation Reform Act, including statements regarding the outlook
for the Company. These statements are based on managements
current expectations, estimates and projections. Forward-looking
statements are subject to risks and uncertainties that may cause
actual results in the future to differ materially from the
results projected or implied in any forward-looking statements
contained in this Current Report on Form 8-K. The most
significant of these risks and uncertainties are described in the
Companys Form 10-K, Form 10-Q and Form 8-K reports (including all
amendments to those reports) and include business and economic
conditions and trends in the telecommunications industry
affecting the Companys customers, the adequacy of the Companys
insurance and other reserves and allowances for doubtful
accounts, whether the carrying value of the Companys assets may
be impaired, preliminary purchase price allocations of acquired
businesses, expected benefits and synergies of acquisitions,
future financial and operating results, the future impact of any
acquisitions or dispositions, adjustments and cancellations
related to the Companys backlog, the anticipated outcome of other
contingent events, including litigation, liquidity and other
financial needs, the availability of financing, and the other
risks and uncertainties detailed from time to time in the
Companys filings with the Securities and Exchange Commission.
These filings are available on a web site maintained by the
Securities and Exchange Commission at http://www.sec.gov. The
Company does not undertake to update forward looking statements
except as required by law.
Item 9.01 Financial Statement and Exhibits.
|
(d)
|
Exhibits
|
|
99.1
|
Press release dated March 1, 2017>by Dycom Industries,
Inc. reporting fiscal 2017 second quarter>results. |
|
99.2
|
Slide presentation relating to the webcast and conference
call to be held on March 1, 2017. |
About DYCOM INDUSTRIES, INC. (NYSE:DY)
Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. The Company provides the labor, tools and equipment necessary to design, engineer, locate, maintain, expand, install and upgrade the telecommunications infrastructure of its customers. The Company also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services. The Company’s subsidiaries include CertusView Technologies, LLC and Dycom Investments, Inc. DYCOM INDUSTRIES, INC. (NYSE:DY) Recent Trading Information
DYCOM INDUSTRIES, INC. (NYSE:DY) closed its last trading session down -0.81 at 82.18 with 1,087,128 shares trading hands.
