Dycom Industries

Dycom reported adjusted earnings of $5.29 per share for Q2 (expectation $4.70) and revenue of $2.01 billion, along with record orders, and raised its full‑year outlook. The communications segment grew strongly—especially fiber—and the adjusted EBITDA margin improved. The stock fell about 10% premarket as investors feared margin pressure in the communications business and the timing shift of $150 million in wireless revenue into 2028. Management emphasizes continued demand for fiber, long‑haul networks and building systems, as well as further M&A and capital allocation plans. » More on de.investing.com

Dycom’s board of directors has approved a new $150 million share repurchase program for an 18‑month period. Repurchases may be made in the open market, privately or under Rule‑10b5‑1 plans; timing and amount will depend on market conditions and there is no obligation to acquire a specific number of shares. The approval replaces a prior program of the same size, of which about $83.9 million remained available; Dycom most recently had 30,160,957 common shares outstanding. » More on de.investing.com

Dycom is constructing a 49-acre simulated town in Monroe, Georgia, to train entry-level workers in skilled trades for data center jobs, with the facility expected to open mid-2027. The initiative follows Dycom's acquisition of Power Solutions and aims to create a pipeline of technicians for booming data-center demand by offering paid training and starting benefits. The move reflects broader industry efforts to address a shortage of skilled tradespeople and recruit workers without prior experience into higher-paying, apprenticeship-based roles. » More on finance.yahoo.com