Q1 2026 Dycom Industries Inc Earnings Call Transcript
Key Points
- Dycom Industries Inc (DY) exceeded the high end of their guidance for the quarter on all metrics, including revenue, adjusted EBITDA, and EPS.
- The company reported a 10.2% increase in first-quarter revenue over Q1 2025, reaching $1.259 billion.
- Dycom Industries Inc (DY) has a record backlog of $8.1 billion, including $4.7 billion expected to be completed in the next 12 months.
- The company has diversified its customer base and services within the telecommunications and digital infrastructure space, reducing dependency on any single customer.
- Dycom Industries Inc (DY) increased its revenue expectations for the year to a range of $5.29 billion to $5.425 billion, indicating confidence in future growth.
- Despite strong performance, Dycom Industries Inc (DY) faces macroeconomic uncertainties, including tariffs and international trade actions, which could impact future operations.
- Operating cash flows used in the quarter were $54 million, reflecting seasonal uses of cash and supporting revenue growth.
- The company is closely monitoring tariff implications, which could lead to cost increases in some equipment components sourced offshore.
- Dycom Industries Inc (DY) has not included revenue from the BEAD program in their fiscal 2026 outlook, indicating uncertainty in this area.
- The company's combined DSOs of accounts receivable and contract assets net were 111 days, suggesting room for improvement in cash flow management.
Good day, and thank you for standing by. Welcome to Dycom Industries Inc. first-quarter 2026 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to Ms.
Callie Tomasso, Dycom's Vice President of Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. Welcome to Dycom's first quarter fiscal 2026 results conference call. Joining me today are Dan Peyovich, our President and Chief Executive Officer; and Drew DeFerrari, our Chief Financial Officer. Earlier this morning, we released our fiscal 2026 first quarter results. along with certain outlook information.
The press release and accompanying materials are available in the Investor Relations section of our website. Today's discussion will include forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements
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