Dycom Industries, Inc. (NYSE:DY) shares are trading higher after the company reported its first quarter FY25 results.

Contract revenue increased 9.3% Y/Y to $1.142 billion, beating the consensus of $1.093 billion.

Adjusted EBITDA increased to $130.9 million from $113.5 million a year ago.

EPS of $2.12 surpassed the street view of $1.51.

In the quarter, the company repurchased 210,000 shares for $29.8 million.

Outlook: For the second quarter, Dycom expects organic contract revenues to grow by high-single digits as a percentage of contract revenues and adjusted EBITDA margin to increase 25 to 75 basis points Y/Y.

In addition, the company expects around $70 million of acquired contract revenues for the quarter.

As of April 27, cash and equivalents stood at $26.1 million.

Investors can gain exposure to the stock via First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) and Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO).

Price Action: DY shares are up 9.72% at $169.40 premarket at the last check Wednesday.

Why Is Dycom Industries Stock Surging Premarket Wednesday?