NEW YORK (TheStreet) -- Dycom Industries Inc. (DY) released its 2014 fourth-quarter earnings results, which showed an increase in non-GAAP net income to $16.9 million, or 48 cents per common diluted share, compared to $15.1 million, or 44 cents per common diluted share, for the same period last year.
The provider of specialty contracting services said GAAP net income was $16.5 million, or 47 cents per common diluted share, compared to $14.7 million, or 43 cents per common diluted share, for the 2013 fourth quarter.
Contract revenues for the most recent quarter grew to $482.1 million from $478.6 million for the year-ago quarter.
Shares of Dycom Industries are flat in after-hours trading on Tuesday.
Separately, TheStreet Ratings team rates DYCOM INDUSTRIES INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DYCOM INDUSTRIES INC (DY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
You can view the full analysis from the report here: DY Ratings Report