Dycom CEO Steven E. Nielsen To Retire In November 2024; Daniel Peyovich To Become Next CEO

6/17/24 8:01:38 AM ET

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In preparation for his retirement, Nielsen worked closely with the Board of Directors on a comprehensive multi-year succession plan. As a result of that process, Daniel S. Peyovich, the Company's Executive Vice President and Chief Operating Officer, has been appointed the Company's next CEO, effective upon Mr. Nielsen's retirement.

Nielsen remains CEO and Chair of the Board until his retirement, at which point he will step down as a director.

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Recent Analyst Ratings for
$DY

Date	Price Target	Rating	Analyst
3/8/2024	$101.00 → $172.00	Neutral → Buy	B. Riley Securities
1/10/2024	$136.00	Overweight	KeyBanc Capital Markets
10/20/2023	$120.00	Outperform → Strong Buy	Raymond James
10/3/2023	$120.00	Buy	BofA Securities
7/26/2023	$134.00 → $111.00	Buy → Neutral	B. Riley Securities
6/1/2023	$120.00	Outperform	Raymond James
5/25/2023	$105.00 → $120.00	Equal Weight → Overweight	Wells Fargo
2/15/2023	$120.00 → $88.00	Overweight → Equal Weight	Wells Fargo

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$DY
Leadership Updates

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Dycom Announces Planned Leadership Transition
Chief Executive Officer Steven E. Nielsen to Retire in November 2024 Executive Vice President and Chief Operating Officer Daniel S. Peyovich to Become Next CEO PALM BEACH GARDENS, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) ("Dycom" or the "Company") today announced that after 25 years of service as Chief Executive Officer, Steven E. Nielsen will retire on November 30, 2024. In preparation for his retirement, Mr. Nielsen worked closely with the Board of Directors (the "Board") on a comprehensive multi-year succession plan. As a result of that process, Daniel S. Peyovich, the Company's Executive Vice President and Chief Operating Officer, has been appointed
6/17/24 8:00:00 AM ET
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NetApp Appoints Anders Gustafsson to the Board of Directors
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Dycom Industries, Inc. Appoints Luis Avila-Marco As Director
PALM BEACH GARDENS, Fla., June 14, 2023 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced the appointment of Luis Avila-Marco as a director. Mr. Avila-Marco served as the Senior Vice President of Strategy and Corporate Development of Cox Enterprises, Inc. ("Cox"), a privately held company with investments in the broadband, automotive and media industries, from July 2018 to December 2021, leading Cox's corporate strategy and inorganic growth opportunities, including mergers and acquisitions, business development and venture investments. Mr. Avila-Marco was the Executive Vice President of Strategy and Corporate Development for Juniper Networks, Inc. from 2008 to 2014. Mr.
6/14/23 4:30:00 PM ET
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Dycom Industries, Inc. Acquires Black & Veatch's Public Carrier Wireless Telecommunications Infrastructure Business
PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced that the Company acquired Black & Veatch's public carrier wireless telecommunications infrastructure business. The acquired business provides wireless construction services primarily in the states of New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana. The acquisition strategically strengthens Dycom's customer base and expands geographic scope to more broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives, and deployment services. For fiscal 2026, the acquired business is expected to contri
8/21/24 6:05:00 AM ET
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Dycom Industries, Inc. Announces Fiscal 2025 Second Quarter Results
Second Quarter Highlights Contract revenues of $1.203 billion, an increase of 15.5%Non-GAAP Adjusted EBITDA of $158.3 million, or 13.2% of contract revenuesNon-GAAP Adjusted Net Income of $72.5 million, or $2.46 per common share diluted PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) announced today its results for the second quarter ended July 27, 2024. Contract revenues increased 15.5% to $1.203 billion for the quarter ended July 27, 2024, compared to $1.042 billion in the year ago quarter. On an organic basis, contract revenues increased 9.2% after excluding $65.9 million of contract revenues from acquired businesses that were not owned
8/21/24 6:00:00 AM ET
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Dycom Industries, Inc. to Host Fiscal 2025 Second Quarter Results Conference Call
PALM BEACH GARDENS, Fla., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) will host a conference call to discuss fiscal 2025 second quarter results on Wednesday, August 21, 2024, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register.vevent.com/register/BI792f883035104fca9ba48d0d4da25061. Upon registration, participants will receive a dial-in number and unique PIN to access the call. Participants are encouraged to join approximately ten minutes prior to the scheduled start time. For all other attendees, a
8/9/24 8:00:00 AM ET
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Dycom Industries, Inc. to Participate in Upcoming Investor Conferences
PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced that the Company will be participating in the following upcoming investor conferences: Tuesday, August 27, 2024 – Jefferies Semiconductor, IT Hardware & Communications Technology Conference, Chicago, ILSenior management will participate in one-on-one and group meetings with investors. Thursday, September 5, 2024 – Bank of America 2024 Media, Communications and Entertainment Conference, New York, NYSteve Nielsen, Chief Executive Officer, will present in a fireside chat format at 11:20 a.m. ET. Additionally, senior management will participate in one-on-one and group meetings with in
8/21/24 4:30:00 PM ET
$DY
Water Sewer Pipeline Comm & Power Line Construction
Industrials
Dycom Industries, Inc. Acquires Black & Veatch's Public Carrier Wireless Telecommunications Infrastructure Business
PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced that the Company acquired Black & Veatch's public carrier wireless telecommunications infrastructure business. The acquired business provides wireless construction services primarily in the states of New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana. The acquisition strategically strengthens Dycom's customer base and expands geographic scope to more broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives, and deployment services. For fiscal 2026, the acquired business is expected to contri
8/21/24 6:05:00 AM ET
$DY
Water Sewer Pipeline Comm & Power Line Construction
Industrials
Dycom Industries, Inc. Announces Fiscal 2025 Second Quarter Results
Second Quarter Highlights Contract revenues of $1.203 billion, an increase of 15.5%Non-GAAP Adjusted EBITDA of $158.3 million, or 13.2% of contract revenuesNon-GAAP Adjusted Net Income of $72.5 million, or $2.46 per common share diluted PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) announced today its results for the second quarter ended July 27, 2024. Contract revenues increased 15.5% to $1.203 billion for the quarter ended July 27, 2024, compared to $1.042 billion in the year ago quarter. On an organic basis, contract revenues increased 9.2% after excluding $65.9 million of contract revenues from acquired businesses that were not owned
8/21/24 6:00:00 AM ET
$DY
Water Sewer Pipeline Comm & Power Line Construction
Industrials

Dycom CEO Steven E. Nielsen To Retire In November 2024; Daniel Peyovich To Become Next CEO

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Recent Analyst Ratings for $DY

$DY SEC Filings

Dycom Industries Inc. filed SEC Form 8-K: Leadership Update

Dycom Industries Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

Dycom Industries Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$DY Market Insights

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Analyst Scoreboard: 10 Ratings For Dycom Industries

Wells Fargo Maintains Overweight on Dycom Industries, Raises Price Target to $200