Q3 2026 Dycom Industries Inc Earnings Call Transcript
Key Points
- Dycom Industries Inc (DY) reported record-setting third-quarter revenue of $1.45 billion, a 14.1% increase compared to Q3 FY 2025.
- The company achieved all-time highs in adjusted EBITDA of $219 million and EPS of $3.63.
- Dycom's backlog reached an all-time high of $8.2 billion, indicating strong future demand.
- The acquisition of Power Solutions positions Dycom at the center of the growing demand for digital and AI infrastructure.
- Dycom has secured over $0.5 billion in verbal awards related to BEAD deployments, highlighting its strong market positioning.
- The company's DSOs, while improved, remain at 105 days, which could indicate ongoing challenges in cash collection.
- The acquisition of Power Solutions involves a significant purchase price of $1.95 billion, which may impact Dycom's financial flexibility.
- The integration of Power Solutions could present operational challenges, given the complexity of combining large-scale operations.
- Dycom's Q4 revenue outlook reflects normal seasonal factors, which could lead to reduced revenue due to holidays and winter weather conditions.
- The company's expansion into new markets with Power Solutions may face uncertainties regarding the long-term strength and demand in those regions.
Good day, and thank you for standing by. Welcome to the Dycom Industries, Inc. third-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, Vice President of Investor Relations and Corporate Communications. Please go ahead.
Thank you, operator, and good morning, everyone. Welcome to Dycom's third 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 third quarter results, along with certain outlook information. We also announced a definitive agreement to acquire Power Solutions, a premier data center electrical contractor in the Mid-Atlantic.
Both press releases and accompanying materials are available in the Investor Relations section of our website. These materials,
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