Q4 2026 Dycom Industries Inc Earnings Call Transcript
Key Points
- Dycom Industries Inc (DY) reported record fourth quarter revenue of $1.46 billion, a 34.4% increase compared to Q4 FY 2025.
- The company achieved a significant increase in adjusted EBITDA, reaching $162.4 million, with an adjusted EBITDA margin of 11.1%.
- Dycom Industries Inc (DY) successfully integrated the acquisition of Power Solutions, expanding its reach into the data center market.
- The company ended the year with a record $9.5 billion of total backlog, indicating strong future demand.
- Dycom Industries Inc (DY) anticipates continued revenue growth in FY 2027, with expectations of total revenue between $6.85 billion and $7.15 billion.
- The significant additions to the workforce impacted margins due to severe winter storms.
- The wireless equipment replacement program is expected to decline by approximately $100 million in fiscal 2027.
- There is a potential industry-wide shortage of skilled labor, which could impact future growth.
- The integration of Power Solutions, while proceeding on schedule, was impacted by several seasonal holidays during the abbreviated operating period.
- The BEAD program's funding and construction timelines are taking longer than anticipated, delaying revenue opportunities.
Good day, and thank you for standing by. Welcome to the Dycom Industries, Inc. fourth 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 and Corporate Communications. Please go ahead.
Thank you, operator, and good morning, everyone. Welcome to Dycom's fiscal 2026 fourth quarter and annual 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 '26 fourth quarter and annual results. along with certain outlook information. The press release and accompanying materials are available in the Investor Relations section of our website including a new outlook expectation summary document, which provides additional outlook
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