Dycom Industries, Inc.

Dycom Industries, Inc. reported strong financial results for fiscal year 2026, ending January 31, 2026. Contract revenues increased to $5.55 billion, up 17.9% from $4.70 billion in fiscal 2025. Net income grew to $281.2 million, a 20.5% increase from $233.4 million in the prior year. The company's performance was driven by significant growth in its Communications segment, which saw contract revenues rise 15.9% to $5.45 billion, primarily due to increased fiber-to-the-home deployments and revenues from businesses acquired in fiscal 2025. The company completed the acquisition of Power Solutions, LLC in fiscal 2026, establishing a new Building Systems segment. Dycom generated robust operating cash flow of $642.5 million and ended the period with $709.2 million in cash and equivalents. The company's backlog increased to $9.54 billion, providing visibility into future revenue streams.

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