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Document Preview Earnings Conference Call |
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Title: |
Earnings Conference Call |
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Entities: |
Dycom Industries Inc.; Steven Nielsen; Richard Dunn; Tim Estes |
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Date: |
2004 |
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Size: |
Preview shows 4KB of 81KB total |
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Price: |
$41 |
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ID: |
#252267 |
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Start of Preview |
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DYCOM INDUSTRIES, INC.
Host: Steven Nielsen
February 24, 2004/8:00 a.m. CST
Page 1
DYCOM INDUSTRIES, INC.
February 24, 2004
8:00 a.m. CST
Moderator Ladies and gentlemen, thank you for standing by and
welcome to the Dycom earnings call. At this time,
all participant lines are in a listen-only mode.
Later, there will be an opportunity for questions.
Instructions will be given at that time. As a
reminder, today's call is being recorded. I would now
like to turn the conference over to Mr. Steven
Nielsen. Please go ahead, sir.
S. Nielsen Good morning, everyone. I'd like to thank you for
attending our second quarter fiscal 2004 Dycom
earnings conference call. With me, we have in
attendance, Richard Dunn, our Chief Financial
Officer; Tim Estes, our Chief Operating Officer; and
Mike Miller, our General Counsel. Now I will turn the
call over to Mike Miller.
{PAGE}
DYCOM INDUSTRIES, INC.
Host: Steven Nielsen
February 24, 2004/8:00 a.m. CST
Page 2
M. Miller Statements made in the course of this conference call
that state the company's or management's intentions,
hopes, beliefs, expectations or predictions of the
future are forward-looking statements. It is
important to note that the company's actual results
could differ materially from those projected in such
forward-looking statements. Additional information
concerning factors that could cause actual results to
differ materially from those in the forward-looking
statements is contained from time to time in the
company's SEC filings, including, but not limited to,
the company's report on Form 10-K for the year ended
July 26, 2003 and the company's quarterly report on
Form 10-Q for the quarter ended October 25, 2003.
Additionally, during this call there will be
references to certain non-GAAP financial information.
This information has been reconciled to GAAP in the
company's press release of yesterday that has been
posted on the company's Web site.
S. Nielsen Yesterday, we issued a press release announcing our
second quarter 2004 earnings. Included in those
earnings, was a non-recurring gain of $11.4 million
before taxes, related to the sale of a long-term
accounts receivable. To ensure meaningful
comparisons, all references I will now make to the
second quarter will exclude this gain. A
reconciliation of our earnings,
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