Dycom Industries, Inc. · NYSE:DY
Dycom Industries — Q4 2008 Earnings Presentation
12 slides from Dycom Industries's earnings presentation, Aug 28, 2008
Slide 1: 4th Quarter 2008 Results Presentation
4th Quarter 2008 Results Presentation August 27, 2008 (r)
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive Officer Tim Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel
Slide 3: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non- GAAP Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "estimate," "intend," "forecast," "may," "project," "outlook" and simila
Slide 4: Q4 2008 Overview
Q4 2008 Overview Results of $0.23 per share, non-GAAP, was at the top end of our EPS expectations Revenue up 9.8% sequentially from the 3rd quarter Year over year organic revenue growth of 1.5% Margins improved sequentially but remain pressured year over year Steady cash flow from operations $11.1 m
Slide 5: Revenue by Customer
Revenue by Customer Top 5 customers representing 63.7% in Q4 2008 and 64.1% in Q4 2007 Overall revenue growth was 1.5%, with top 5 customers up approximately 1.0% and all other customers up approximately 2.5%. Revenues from Charter, Qwest, and Windstream our sixth, seventh, and eighth largest custom
Slide 6: Q4 2008 Backlog and Employees
Q4 2008 Backlog and Employees Current Contract Awards and Extensions Customer Area Term (in years) Qwest New Mexico 3 Verizon California (locating) 3 AT&T Alabama 3 Time Warner Cable New England Project
Slide 7: Q4 2008 Summary
Q4 2008 Summary Note: See "Regulation G Disclosure" slide for a reconciliation of non-GAAP financial measures. 1.5% Modest year-over-year organic revenue growth at 1.5% 1.5% (37.1%)
Slide 8: Selected Financial Information
Selected Financial Information Modest year-over-year organic revenue growth Increase in cost of earned revenues reflects higher labor costs in relation to current operating levels and increased fuel costs. Increase in G&A driven by higher professional and legal fees and increased payroll and related
Slide 9: Summary
Summary Solid customer relationships At the forefront of evolving industry opportunities Major participant in the rewiring of the nation's telecommunications infrastructure Encouraged by deployment of new technologies by cable operators Strong cash flows support capital investment and share repurcha
Slide 10: Outlook - Q1 2009
Outlook - Q1 2009 Outlook anticipates: Slow to no growth in the U.S. economy Seasonally normal weather G&A expenses, excluding non-cash compensation, consistent on a sequential basis versus Q4 2008 A decrease in other income of approximately $1.1 million from our fourth quarter as we anticipate a de
Slide 11: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 12: Regulation G Disclosure
4th Quarter 2008 Results Presentation August 27, 2008 (r)