Dycom Industries Q1 Earnings Call Highlights

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Dycom Industries (NYSE:DY) reported a sharply higher fiscal archetypal 4th and raised its full-year gross outlook, citing accelerating request for fibre deployments, information center-related infrastructure and a increasing backlog that absorption said supports multi-year growth.

On the company’s fiscal 2027 first-quarter net call, President and Chief Executive Officer Daniel Peyovich said Dycom delivered “an outstanding commencement to the year” arsenic full gross roseate 56% from the prior-year 4th to $1.965 billion. Organic maturation was 25%, and results exceeded the precocious extremity of the company’s expectations, helium said.

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Adjusted EBITDA accrued 75% twelvemonth implicit twelvemonth to $262.5 million, portion adjusted EBITDA borderline expanded 141 ground points to 13.4%. Non-GAAP adjusted diluted net per stock were $4.42, up 85% from the aforesaid 4th a twelvemonth earlier.

“With robust and intensifying request drivers, we stay disciplined successful our awards, high-grading the pipeline and intensely focusing connected execution,” Peyovich said.

Backlog Reaches Record Level

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Dycom ended the 4th with full backlog of $11.9 billion, which Peyovich described arsenic a record. Backlog accrued 25% sequentially and represented a book-to-bill ratio of 2.2 times for the quarter. Chief Financial Officer H. Andrew DeFerrari said the backlog included $10.8 cardinal successful the Communications conception and $1.1 cardinal successful Building Systems.

Backlog expected to beryllium completed implicit the adjacent 12 months totaled $6.4 billion, with $5.4 cardinal from Communications and $1 cardinal from Building Systems.