Dycom Industries Q4 Earnings Call Highlights

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Wed, March 4, 2026 astatine 10:50 AM CST 8 min read

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Dycom delivered a grounds 4th and year, with Q4 gross of $1.46 billion (up 34.4% YoY) and FY gross of $5.55 billion, portion adjusted EBITDA borderline expanded to 13.3% and escaped currency travel roseate 216% to $435.3 million.
Following the Power Solutions acquisition, Dycom present reports 2 segments (Communications and Building Systems) and guided FY2027 gross to $6.85–$7.15 billion; pro forma nett leverage was astir 2.3x with a program to delever toward ~2x.
Backlog deed a grounds $9.542 billion (book-to-bill 1.3x) with $6.358 billion expected to person successful 12 months, and absorption expects BEAD awards to statesman converting to contracts successful Q1/Q2 with gross ramps successful the 2nd fractional of calendar 2027, driven by fiber-to-the-home and data-center demand.
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Dycom Industries (NYSE:DY) reported fiscal 2026 fourth-quarter and full-year results that absorption described arsenic an “excellent decorativeness to a grounds year,” highlighted by gross growth, borderline expansion, and improved currency generation. The institution besides outlined fiscal 2027 guidance that includes contributions from its precocious acquired Power Solutions business, which prompted a caller two-segment reporting structure: Communications and Building Systems.

For the fiscal 4th quarter, Dycom posted all-time grounds quarterly gross of $1.46 billion, up 34.4% year-over-year. Organic gross accrued 16.6%, which absorption said reflected backlog spot and momentum entering the caller fiscal year. Adjusted EBITDA was $162.4 million with an adjusted EBITDA borderline of 11.1%, up astir 41 ground points from the prior-year quarter. Non-GAAP adjusted diluted EPS was $2.03, up 42% from the year-ago period.

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Management noted that important workforce additions to enactment expected growth, on with “severe wintertime storms,” pressured margins successful the quarter. Cash conversion improved arsenic well: DSOs were 101 days, a 13-day betterment year-over-year.

For the afloat fiscal year, Dycom reported grounds gross of $5.55 billion, up 17.9% from fiscal 2025, with integrated gross maturation of 6.5%. Non-GAAP adjusted EBITDA was $737.7 million and the adjusted EBITDA borderline was 13.3%, representing 105 ground points of borderline enlargement year-over-year. Non-GAAP adjusted diluted EPS roseate 29.7% to $11.97.

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