DYCOM INDUSTRIES INC (DY) Earnings History
DYCOM INDUSTRIES INC - Q4 FY2026 Earnings
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
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Fourth quarter contract revenues increased 34.4% to $1.458 billion, with organic growth of 16.6%.
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Full-year contract revenues increased 17.9% to $5.546 billion, with organic growth of 6.5%.
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Fourth quarter Non-GAAP Adjusted EBITDA increased 39.6% to $162.4 million, with margin expanding 41 bps to 11.1%.
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Full-year Non-GAAP Adjusted EBITDA increased 28.0% to $737.7 million, with margin expanding 105 bps to 13.3%.
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Fourth quarter Free Cash Flow increased 36.8% to $367.1 million.
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Full-year Free Cash Flow increased significantly by 216.0% to $435.3 million.
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Total backlog grew 23.0% to $9.542 billion.
positive
CONCERNS & RISKS
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Fourth quarter net income decreased 50.1% to $16.3 million, impacted by transaction-related costs for the acquisition.
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Fourth quarter diluted EPS decreased 50.5% to $0.55.
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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.
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FINANCIAL METRICS
MARGIN ANALYSIS
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
DETAILED BREAKDOWN
| 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.
MANAGEMENT GUIDANCE
FY2027
Q1 2027
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.
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.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.