Dycom Industries, Inc. · NYSE:DY
Dycom Industries — Q3 2008 Earnings Presentation
14 slides from Dycom Industries's earnings presentation, May 22, 2008
Slide 1: 3rd Quarter 2008 Earnings Presentation
3rd Quarter 2008 Earnings Presentation May 21, 2008 (r)
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive 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: Q3 2008 Overview
Q3 2008 Overview Results of $0.14 per share, non-GAAP, slightly exceeded the top end of our EPS expectations Revenue stabilized sequentially from the 2nd quarter Organic year over year growth flat but improving toward the latter part of the quarter Margins improved sequentially but remain pressured
Slide 5: Revenue by Customer
Revenue by Customer Top 5 customers representing 64.6% in Q3 2008 and 64.9% in Q3 07 Overall organic growth was flat, with top 5 customers down .70% and all other customers up 1.1%. Revenues from Charter and Qwest, our sixth and seventh largest customers, grew at a combined rate of 32% on a year ove
Slide 6: Q3 2008 Backlog and Employees
Q3 2008 Backlog and Employees Current Contract Awards and Extensions Customer Area Term (in years) Time Warner New York 1 Time Warner North and South Carolina 1 Qwest Washington, Oregon 3 Qwest Washington, Oregon (locating) 5 Citizens West Virginia, Tennessee 3 AT&T Tennessee 2
Slide 7: Q3 2008 Summary
Q3 2008 Summary Note: See "Regulation G Disclosure" slide for a reconciliation of non-GAAP financial measures. 0.6% (0.1)% (48.1)% (49.8)%
Slide 8: Selected Financial Information
Selected Financial Information Consistent level of year-over-year revenue Year-over-year increase in cost of earned revenues reflects higher labor costs in relation to current operating levels, increased fuel costs, and partially offset by the reversal of a pre-acquisition payroll related accrual of
Slide 9: Cash Flow and Capital Expenditures, net
Cash Flow and Capital Expenditures, net Cash flow from operations strong at $23.9 million Capital expenditures, net of disposals were $14.4 million Q3 2008 repurchase of 922,200 shares of our common stock in open market transactions for $11.3 million Combined days sales outstanding on trade receivab
Slide 10: 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 11: Outlook - Q4 2008
Outlook - Q4 2008 Outlook anticipates: Slow to no growth in the U.S. economy Seasonally normal weather Improved operating performance as more seasonally impacted programs accelerate Sequential G&A expenses which increase modestly, excluding non-cash compensation A decrease in other income of approxi
Slide 12: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 14: 3rd Quarter 2008
3rd Quarter 2008 Earnings Presentation May 21, 2008 (r)