INDUSTRIALS

DYCOM INDUSTRIES INC Reports Strong Q1 Growth

By Bobby Samwell • Wednesday, May 21 15:27 • Permanent Link

Dycom Industries, Inc. has reported its fiscal 2026 first-quarter results, showing significant improvements compared to the same period in the previous fiscal year. Here are the key highlights:

Contract revenues increased by 10.2% to $1.259 billion.
Adjusted EBITDA rose to $150.4 million, representing 11.9% of contract revenues, up 14.9% from the previous year.
Net income was reported at $61.0 million, or $2.09 per common share diluted.
The company achieved a record backlog of $8.127 billion as of April 26, 2025.

Moreover, Dycom Industries, Inc. repurchased 200,000 shares for $30.2 million during the first quarter. The company's President and CEO, Dan Peyovich, expressed confidence in the company's performance and outlook for fiscal 2026, indicating an increase in full-year fiscal 2026 contract revenue outlook.

Looking ahead, the company expects total contract revenues for fiscal 2026 to range from $5.290 billion to $5.425 billion, representing a growth range of 12.5% to 15.4% over the prior year. This outlook reflects an increase from the previous range of 10.0% to 13.0%. Additionally, in the second quarter of fiscal 2026, Dycom Industries, Inc. anticipates contract revenues of $1.38 billion to $1.43 billion and non-GAAP adjusted EBITDA of $185 million to $200 million.

The company's performance and outlook indicate a strong start to fiscal 2026 and a positive trajectory for future growth and success. Following these announcements, the company's shares moved 14.86%, and are now trading at a price of $222.40. For the full picture, make sure to review DYCOM INDUSTRIES INC's 8-K report.

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