08:05 AM EST, 02/26/2025 (MT Newswires) -- Dycom Industries ( DY ) said Wednesday its board has authorized a new $150 million stock repurchase plan.

Repurchases under the new program can be made over the next 18 months via open market purchases or privately-negotiated transactions, the company said. The exact timing and amount of repurchases will depend on market conditions and other factors.

The new program replaces the company's previous $150 million stock repurchase program, of which approximately $55 million remained outstanding.