Dycom Industries (DY) Adds $50M to Stock Buyback Plan
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Dycom Industries, Inc. Announces Increase In Stock Repurchase Program
February 23, 2016 4:20 PM ESTPALM BEACH GARDENS, Fla., Feb. 23, 2016 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today that its Board of Directors has authorized an additional $50 million to repurchase shares of Dycom's 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 Company's Board of Directors also extended for an additional six (6) months the previous eighteen (18)-month term of its $50 million share... More
Dycom Industries, Inc. Announces Fiscal 2016 Second Quarter Results And Provides Guidance For The Next Fiscal Quarter
February 23, 2016 4:17 PM ESTPALM BEACH GARDENS, Fla., Feb. 23, 2016 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the second quarter ended January 23, 2016. The Company reported:
Contract revenues of $559.5 million for the quarter ended January 23, 2016, compared to $441.1 million for the quarter ended January 24, 2015. Contract revenues for the quarter ended January 23, 2016 grew 19.4% on an organic basis after excluding contract revenues from acquired businesses that were not owned for the entire period in both the current and prior year quarter. Total contract revenues from acquired businesses were $32.9 million for the quarter ended January 23,... More