Dycom Industries, Inc. reported significant financial growth in its latest quarterly results, with contract revenues reaching $1.965 billion for the three months ended May 2, 2026, a 56.1% increase from $1.259 billion in the same period last year. The company attributed this growth primarily to increased demand for fiber-to-the-home deployments and contributions from its newly acquired Building Systems segment, which generated $395.4 million in revenues. Net income also rose to $91.3 million, or $3.00 per diluted share, compared to $61.0 million, or $2.09 per diluted share, in the prior year.
The financial performance reflects a notable increase in costs, with costs of earned revenues rising to $1.578 billion, maintaining a consistent 80.3% of total revenues. General and administrative expenses increased to $131.3 million, driven by higher administrative and payroll costs, including those from the acquired business. The company’s interest expense also surged to $35.5 million, up from $14.0 million, due to higher borrowings associated with the acquisition financing.
Strategically, Dycom completed the acquisition of Power Solutions, LLC in late fiscal 2026, expanding its service offerings to include comprehensive building infrastructure solutions. This acquisition has led to the establishment of a new reportable segment, Building Systems, which is expected to enhance the company's market position. Additionally, Dycom announced plans to acquire National Technology Integrators, LLC for $275 million, further diversifying its service capabilities.
Operationally, Dycom's backlog increased significantly to $11.906 billion as of May 2, 2026, compared to $9.542 billion at the end of January 2026, indicating strong future revenue potential. The company reported a Days Sales Outstanding (DSO) of 96 days, an improvement from 111 days in the previous year, suggesting enhanced efficiency in collections. The workforce also expanded, with a total of 30,031,455 shares of common stock outstanding as of the reporting date.
Looking ahead, Dycom remains optimistic about its growth trajectory, driven by ongoing demand for digital infrastructure and strategic acquisitions. The company anticipates continued revenue growth from its Communications segment and expects the Building Systems segment to contribute positively to its financial performance in the upcoming quarters.
About DYCOM INDUSTRIES INC
Dycom Industries, Inc. provides specialty contracting services for telecommunications and utility infrastructure across the U.S.. Its core offerings include engineering, construction, maintenance, and installation of fiber, copper, and wireless networks, serving telecom providers, utilities, and other clients. With a broad geographic presence and skilled workforce, Dycom leverages long-term contracts and industry expertise to support network expansion, upgrades, and maintenance.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.