On March 1, 2017, the Company issued a press release announcing
that its Board of Directors had authorized an additional $75
million to repurchase shares of Dycoms outstanding common stock.
The stock repurchases are authorized to be made over the next
eighteen (18) months in open market or private transactions,
including through accelerated share repurchase agreements with
one or more counterparties from time to time. In connection with
this authorization, the Companys Board of Directors also extended
for an additional ten (10) months the share repurchase program
which it previously authorized on April 26, 2016. During the
second quarter of fiscal 2017, the Company repurchased $25
million of the Companys outstanding common stock under the
previous authorization. After giving effect to the share
repurchases in the second fiscal quarter, the Company now has up
to $150 million authorized for repurchases of the Companys common
stock through August 2018. A copy of the press release is
attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.

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 management’s
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 Statements and Exhibits.