DYCOM INDUSTRIES INC (DY) Earnings History

DYCOM INDUSTRIES INC - Q4 FY2026 Earnings

Filed at: Mar 4, 2026, 7:02 AM EST|Read from source

EXECUTIVE SUMMARY

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.

POSITIVE HIGHLIGHTS

  • Fourth quarter contract revenues increased 34.4% to $1.458 billion, with organic growth of 16.6%.

    positive
  • Full-year contract revenues increased 17.9% to $5.546 billion, with organic growth of 6.5%.

    positive
  • Fourth quarter Non-GAAP Adjusted EBITDA increased 39.6% to $162.4 million, with margin expanding 41 bps to 11.1%.

    positive
  • Full-year Non-GAAP Adjusted EBITDA increased 28.0% to $737.7 million, with margin expanding 105 bps to 13.3%.

    positive
  • Fourth quarter Free Cash Flow increased 36.8% to $367.1 million.

    positive
  • Full-year Free Cash Flow increased significantly by 216.0% to $435.3 million.

    positive
  • Total backlog grew 23.0% to $9.542 billion.

    positive

CONCERNS & RISKS

  • Fourth quarter net income decreased 50.1% to $16.3 million, impacted by transaction-related costs for the acquisition.

    attention
  • Fourth quarter diluted EPS decreased 50.5% to $0.55.

    attention
  • The 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.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$1.46B
+34.4%
Prior year: $1.08B
Annual (YTD)
$5.55B
N/A
Prior year: $4.70B
Net Income
Quarterly
$16.30M
-50.1%
Prior year: $32.70M
Annual (YTD)
$281.20M
N/A
Prior year: $233.40M
EPS (Diluted)
Quarterly
$0.55
-50.5%
Prior year: $1.11
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.55
-50.9%
Prior year: $1.12

MARGIN ANALYSIS

Net Margin
Current Quarter
1.1%
Prior Year
3.0%
YoY Change
-189 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 FY2026 2026

VISUAL OVERVIEW

|
Communications
0.0%
N/A
Building Systems
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Communications
N/A
Building Systems
N/A
Total Revenue$0.00M100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY2027

revenue
$6850000.0B$7150000.0B
Mid-point: $7000000.0B

Q1 2027

revenue
$1640000.0B$1710000.0B
Mid-point: $1675000.0B
Non-GAAP Adjusted EBITDA
202,000,000218,000,000
Mid-point: 210,000,000
Non-GAAP Adjusted Diluted EPS (excluding amortization expense)
$2.57$2.90
Mid-point: $2.73

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Our strong fourth quarter performance closed a record year for Dycom, with ramping organic growth, meaningful margin expansion and increased Free Cash Flow.

DYCOM INDUSTRIES INC, Q4 FY2026 2026 Earnings Call

The acquisition of Power Solutions positions us squarely at the intersection of digital infrastructure and the fast-growing data center market.

DYCOM INDUSTRIES INC, Q4 FY2026 2026 Earnings Call

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.

DYCOM INDUSTRIES INC, Q4 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Total Backlog
9542.0M
+23.0% YoY
Prior year: 7759.9M
dollars

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.