Palm Beach Gardens, Florida, August 28, 2007--Dycom Industries, Inc. (NYSE: DY) announced its results today for the fourth quarter ended July 28, 2007. The Company reported income from continuing operations for the quarter ended July 28, 2007 of $14.5 million, or $0.35 per common share diluted, versus income from continuing operations for the quarter ended July 29, 2006 of $10.1 million, or $0.25 per common share diluted. Total contract revenues for the quarter ended July 28, 2007 were $317.3 million compared to total contract revenues of $253.2 million for the quarter ended July 29, 2006, an increase of 25.3%. Stock-based compensation expense for the quarter ended July 28, 2007 and quarter ended July 29, 2006 was $1.5 million and $1.4 million, respectively, on a pre-tax basis.

For the year ended July 28, 2007 income from continuing operations was $42.2 million, or $1.04 per common share diluted, compared to income from continuing operations of $18.0 million, or $0.43 per common share diluted, for the year ended July 29, 2006. Income from continuing operations for the year ended July 28, 2007 included a gain on sale of real estate of $1.5 million net of tax, or $0.04 per common share diluted. For the year ended July 29, 2006 income from continuing operations included a goodwill impairment charge of approximately $14.8 million, or $0.35 per common share diluted, related to the Company’s Can Am Communications subsidiary. Excluding these items, non-GAAP income from continuing operations was $40.7 million, or $1.00 per common share diluted, for the year ended July 28, 2007 and $32.9 million, or $0.78 per common share diluted, for the year ended July 29, 2006. Total contract revenues from continuing operations for the year ended July 28, 2007 were $1.138 billion compared to total contract revenues from continuing operations of $995 million for the year ended July 29, 2006, an increase of 14.4%. Stock-based compensation expense for the year ended July 28, 2007 and the year ended July 29, 2006 was $6.2 million and $4.7 million, respectively, on a pre-tax basis.

Net income, including the results of discontinued operations, for the quarter ended July 28, 2007 was $14.3 million, or $0.35 per common share diluted, compared to $10.1 million, or $0.25 per common share diluted for the quarter ended July 29, 2006. Net income, including the results of discontinued operations, for the year ended July 28, 2007 was $41.9 million, or $1.03 per common share diluted, compared to $18.2 million, or $0.43 per common share diluted, for the year ended July 29, 2006.

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