Sign in

    Alexander Waters • Bank of America

    Alexander Waters's questions to Dycom Industries Inc (DY) leadership

    Alexander Waters's questions to Dycom Industries Inc (DY) leadership • Q2 2026

    Question

    Alexander Waters from Bank of America asked if revenue softness was due to smaller private companies and questioned the expected ramp and nature of the wireless business heading into calendar 2026.

    Answer

    CEO Daniel Peyovich clarified that revenue timing relates to the natural modulation of large customer programs rather than any specific segment. Regarding wireless, he stated the business is performing ahead of expectations, the total scope of work has increased, and it primarily consists of equipment replacements, which positions Dycom well for future densification work.

    Ask Fintool Equity Research AI

    Alexander Waters's questions to Dycom Industries Inc (DY) leadership • Q1 2026

    Question

    Alexander Waters of B. Riley Securities inquired about the performance of the Black & Veatch wireless acquisition, asking if it represented a pull-forward of activity or a larger opportunity, and also requested the size of Dycom's maintenance business.

    Answer

    President and CEO Dan Peyovich explained that the wireless acquisition's strength is a combination of some pull-forward and, more significantly, a faster-than-expected ramp-up. Regarding the maintenance business, he noted it's a core strategic element that underpins other growth drivers and has historically represented over 50% of Dycom's business, providing a stable base of recurring revenue.

    Ask Fintool Equity Research AI

    Alexander Waters's questions to Dycom Industries Inc (DY) leadership • Q4 2025

    Question

    Alexander Waters inquired about margin expectations for fiscal 2026 and whether the strong Q4 performance from the Black & Veatch acquisition alters its full-year revenue outlook.

    Answer

    President and CEO Daniel Peyovich stated that Dycom is not providing a full-year margin outlook but noted the company is not seeing downward pressure and will seek operating leverage while also reinvesting in the business. He explained that the strong Q4 from the acquired business was a pull-forward of work and the company's initial full-year projection of $250 million to $275 million remains intact.

    Ask Fintool Equity Research AI

    Alexander Waters's questions to Dycom Industries Inc (DY) leadership • Q3 2025

    Question

    Alexander Waters asked for clarification on the updated timeline for the BEAD program opportunity and questioned the drivers behind the year-over-year revenue decline from the 'all other customers' category.

    Answer

    President & incoming CEO Daniel Peyovich clarified that while some BEAD revenue is still possible in the second half of 2025, the significant ramp is now expected in 2026. Regarding the 'all other customers' bucket, Peyovich explained that the metric is skewed by customers moving in and out of the top 5. He suggested looking at the top 10 customers, which grew 17% combined, as a better indicator of broad customer health.

    Ask Fintool Equity Research AI

    Alexander Waters's questions to Cogent Communications Holdings Inc (CCOI) leadership

    Alexander Waters's questions to Cogent Communications Holdings Inc (CCOI) leadership • Q1 2025

    Question

    Alexander Waters from Bank of America inquired about the expected trend for wavelength ARPU throughout the year. He also asked for details on the timing, scale, and potential structure of the company's data center monetization efforts.

    Answer

    CEO David Schaeffer suggested that a wavelength ARPU of around $1,900 to $2,000 is a reasonable modeling assumption, noting a high uptake of 100 gig and 400 gig waves. Regarding data center monetization, he confirmed that Cogent is in contract negotiations with multiple parties for the sale or long-term lease of surplus facilities. While highly motivated to complete these deals to deleverage, he could not provide an exact timeframe due to ongoing due diligence by counterparties.

    Ask Fintool Equity Research AI

    Alexander Waters's questions to Crown Castle Inc (CCI) leadership

    Alexander Waters's questions to Crown Castle Inc (CCI) leadership • Q1 2025

    Question

    Alexander Waters asked CFO Sunit Patel about his strategic priorities, particularly his preference between leverage reduction and buybacks. He also inquired about the services side of the business.

    Answer

    CFO Sunit Patel stated the top priority is closing the fiber sale transaction. Beyond that, the focus is on positioning the tower-only company for operational and systems improvements. He reiterated the firm's commitment to the stated capital allocation framework, which includes maintaining an investment-grade rating, debt paydown, buybacks, and dividends. CEO Daniel Schlanger added that while services demand is good, Crown Castle is no longer in the construction services business, which some peers highlighted as a growth driver.

    Ask Fintool Equity Research AI