Dycom Industries reported a record fiscal year and fourth quarter, driven by strong organic contract revenue growth and operational excellence leading to record free cash flow. The company also completed a strategic acquisition in the data center market, positioning itself for continued growth and margin expansion in fiscal 2027.
Fourth quarter contract revenues increased 34.4% to $1.458 billion, with organic growth of 16.6%.
positiveFull-year contract revenues increased 17.9% to $5.546 billion, with organic growth of 6.5%.
positiveFourth quarter Non-GAAP Adjusted EBITDA increased 39.6% to $162.4 million, with margin expanding 41 bps to 11.1%.
positiveFull-year Non-GAAP Adjusted EBITDA increased 28.0% to $737.7 million, with margin expanding 105 bps to 13.3%.
positiveFourth quarter Free Cash Flow increased 36.8% to $367.1 million.
positiveFull-year Free Cash Flow increased significantly by 216.0% to $435.3 million.
positiveTotal backlog grew 23.0% to $9.542 billion.
positiveFourth quarter net income decreased 50.1% to $16.3 million, impacted by transaction-related costs for the acquisition.
attentionFourth quarter diluted EPS decreased 50.5% to $0.55.
attentionThe Building Systems segment, which includes the newly acquired Power Solutions, had an income before taxes loss of $9.6 million in its first reported quarter.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Communications | N/A | — | — | — |
Building Systems | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Our strong fourth quarter performance closed a record year for Dycom, with ramping organic growth, meaningful margin expansion and increased Free Cash Flow.
The acquisition of Power Solutions positions us squarely at the intersection of digital infrastructure and the fast-growing data center market.
We entered fiscal 2027 with momentum and are strategically positioned for continued growth, supported by ongoing strong demand for our services, our commitment to operational excellence, and superior execution.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.