Exhibit 99.1


                               [DYCOM LETTERHEAD]


                      4440 PGA Boulevard/Palm Beach Gardens, Florida 33410-6542
                           First Union Center/Suite 600/Telephone (561)627-7171


                                  NEWS RELEASE

FOR IMMEDIATE RELEASE             Contact: Steven E. Nielsen, President and CEO
                                           Richard L. Dunn, Senior Vice
                                           President and CFO
                                           (561)627-7171

Palm Beach Gardens, Florida                                   February 12, 2003

                  DYCOM LOWERS SECOND QUARTER EXPECTATIONS AND
         ANNOUNCES A CONFERENCE CALL AT 9:00 A.M. (ET) FEBRUARY 13, 2003

Dycom Industries, Inc. (NYSE Symbol: "DY") announced today that results for its
second quarter ending January 25, 2003 would be below market expectations.

Revenue for the second quarter is expected to be approximately $137.0 million,
at the lower end of November 2002 guidance and approximately 1 percent below the
same quarter last year. Results per diluted share, are expected to be a loss of
$0.01 or $0.02, approximately $0.08 to $0.09 below market expectations. Actual
results will be announced at approximately 4:15 p.m. (ET) on February 24, 2003.

Results during the quarter were impacted by a pronounced slowing of activity
beginning during the latter part of December 2002 through the middle of January
of 2003. Specifically, revenues from services provided to both cable operators
and telephone companies decelerated, with field operations hampered by weather
conditions which were significantly more difficult compared to the year ago
period. Major snowfalls and colder temperatures combined to reduce the number of
available workdays and reduce productivity. Additionally, Christmas and New
Year's Day fell on the Wednesdays of two successive weeks, and more dramatically
impacted vacation expense and productivity than had originally been expected.
Activity began to return to expected levels by the end of the quarter, with one
cable operator in particular initiating several new projects. Gross margin was
impacted by all of these factors along with the start up expenses associated
with these new projects.

Revenues, at the lower end of November 2002 guidance, caused fixed costs such as
depreciation and amortization, as well as general and administrative expenses to
increase as a percentage of revenue, which, when combined with a lower gross
margin resulted in a loss.

Cash collections were solid in the quarter, resulting in an end of quarter net
cash position of approximately $130 million while backlog improved sequentially
reflecting several new projects and the retention of a portion of our business
with a major direct broadcast satellite provider. Going forward, Dycom's
fundamental financial strength leaves it well positioned to expand its market
leadership.



Dycom Industries, Inc.
News Release
February 12, 2003
Page 2 of 2


Dycom has scheduled a conference call for Thursday, February 13, at 9:00 a.m.
(ET). To participate in the conference call dial 888-428-4479 (United States) or
612-332-1020 (International) ten minutes before the conference call begins and
ask for the "Dycom" conference call. A live webcast of the conference call will
be available at http://www.dycomind.com. If you are unable to attend the
conference call at the scheduled time, a replay of the live webcast will also be
available at http://www.dycomind.com until the second quarter's conference call
is posted to the web site.

Dycom is a leading provider of engineering, construction, and maintenance
services to telecommunication providers throughout the United States.
Additionally, the Company provides similar services related to the installation
of integrated voice, data, and video local and wide area networks within office
buildings and similar structures. Dycom also provides underground utility
locating and mapping and electric utility construction services. Visit our web
site at http://www.dycomind.com for additional corporate information.

This Press Release may contain forward-looking statements as contemplated by the
1995 Private Securities Litigation Reform Act. These statements are based on
management's current expectations, estimates and projections. Forward-looking
statements are subject to risks and uncertainties that may cause actual results
in the future to differ materially from the results projected or implied in any
forward-looking statements contained in this Press Release. Such risks and
uncertainties include: business and economic conditions in the
telecommunications industry affecting our customers, continued deterioration in
our customers' financial condition, the adequacy of our reserves and allowances
for doubtful accounts, whether the carrying value of our assets may be impaired,
the anticipated outcome of contingent events, including litigation, liquidity
needs and the availability of financing, as well as other risks detailed in our
filings with the Securities and Exchange Commission.