Dycom Industries, Inc. (NYSE:DY) Q4 2023 Earnings Call Transcript

Alan Mitrani: Okay, and then finally, on Noelle’s question, last time you guided in November. I mean, you blew those numbers away, you blew your cautiousness away. And now this quarter, you’re guiding I realized January was better. So maybe the weather effect. But if you look seasonally, your revenue this quarter weren’t really any different than seasonality over business for over many years and this coming quarter, you’re guiding to a quarter of what you’d normally do from a seasonal perspective. So is it just the cautiousness as April goes, so goes the quarter or help us understand that.

Steven Nielsen: Well, with respect to last quarter, there was better year-over-year and against expectation revenue performance in December and January. We certainly had unseasonable weather in January, which means that the normal patterns of sequential revenue growth from the January quarter into April, we’re going to be different when you have a stronger January than what you would expect, right? I mean, typically what you don’t get done in January has to get done or most likely has to get done in the April quarter. The other thing is, if you, we provide lots of detail on our trends schedule, there is fluctuation amongst customers. And as that works that way into the business, there can be some timing issues around programs that are moderating and programs that are coming in.

And in industry environment where we had a great organic growth here last year, we just don’t want to get ahead of ourselves this year. That concludes today’s question-and-answer session. I’d like to turn the call back to Steven Nielsen for closing remarks.

Steven Nielsen: Well, we appreciate everybody’s time and attention and participation in the call. And we look forward to speaking to you at the end of May after the April quarter. Thank you.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.