Earnings Call Excerpt
Dycom Industries Inc. (DY)
F4Q08 Earnings Call
August 27, 2008 9:00 am ET
Executives
Steven Nielsen - Chairman, President, and Chief Executive Officer
Tim Estes - Chief Operating Officer
Andrew DeFerrai - Chief Financial Officer
Rick Vilsoet - General Counsel
Analysts
Jack Kasprzak - BB&T Capital Markets
Simon Leopold - Morgan Keegan
John Rogers - D. A. Davidson & Co.
Alan Mitrani - Sylvan Lake Asset Management
Presentation
Operator
Welcome to the Dycom results conference call. (Operator Instructions) With that being said I will turn the conference now to your host, Steven Nielsen.
Steven Nielsen
I would like to thank you for attending our fourth quarter fiscal 2008 Dycom results conference call. During the call we will be referring to a slide presentation, which can be found on our website www.dycomind.com under the heading Investors and subheading Event Details. Relevant slides will be identified by number throughout our presentation.
Going to slide one, today we have on the call Tim Estes our Chief Operating Officer; Andrew DeFerrai our Chief Financial Officer and Rick Vilsoet our General Counsel. Now I will turn the call over to Rick Vilsoet; Rick.
Richard Vilsoet
Thank you, Steve. Going to slide two, statements made in the course of this conference call that state the company’s or management’s intensions, hopes, believes, expectations or prediction of the future are forward-looking statements and 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 annual report on Form 10–K for the year ended July 28, 2007 and the company’s quarterly report on Form 10–Q for the quarter ended April 26, 2008. The company does not undertake to update forward-looking information.
Additionally during this call there will be references to certain non-GAAP financial information. This information has been reconciled to information prepared in accordance with generally accepted accounting principles in the previously referred to slides and in the company’s press release which has been posted on the company’s website at www.dycomind.com under the heading Corporate and subheading Corporate News; Steve.
Steven Nielsen
Yesterday we issued a press release announcing our fourth quarter 2008 results. As you review this release it is important to note the following; during the fourth quarter of fiscal 2008, we recorded a non-cash impairment charge resulting from the annual impairment testing of our goodwill, as well as a number of FIN 48 tax related items. For clarity and to enable comparability between periods, my comments will be limited to results from continuing operations, excluding these items.
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