Dycom Industries | 8-K: FY2026 Revenue Beats Estimate at USD 5.546 B

Revenue: As of FY2026, the actual value is USD 5.546 B, beating the estimate of USD 5.438 B.EPS: As of FY2026, the actual value is USD 9.56, missing the estimate of USD 10.6335.EBIT: As of FY2026, the actual value is USD 434.39 M.Fiscal 2026 Fourth Quarter Highlights (compared to fiscal 2025 fourth quarter)Contract Revenues: $1.458 billion, an increase of 34.4%, or 16.6% organically . Dycom Industries, Inc. reported $1,457.6 million in Q4 2026, a 34.4% increase from $1,084.5 million in Q4 2025 .Communications segment contract revenues were $1,361,722 thousand .Building Systems segment contract revenues were $95,840 thousand .Net Income: $16.3 million, a decrease of -50.1% .Adjusted Net Income: $60.5 million, an increase of 43.7% .Adjusted EBITDA: $162.4 million, an increase of 39.6% . Adjusted EBITDA increased to $162.4 million in Q4 2026, up 39.6% from $116.4 million in Q4 2025 .Adjusted EBITDA as a percentage of contract revenues: 11.1%, an increase of 41 basis points . The Adjusted EBITDA margin improved to 11.1% in Q4 2026 from 10.7% in Q4 2025, an increase of 41 basis points .Communications segment Non-GAAP Adjusted EBITDA was $151,313 thousand, or 11.1% of contract revenues .Building Systems segment Non-GAAP Adjusted EBITDA was $11,109 thousand, or 11.6% of segment revenue .Operating Cash Flow: $419.0 million, an increase of 27.7% .Free Cash Flow: $367.1 million, an increase of 36.8% . Free Cash Flow was $367.1 million in Q4 2026, up from $268.5 million in Q4 2025 .Fiscal 2026 Annual Highlights (compared to fiscal 2025)Contract Revenues: $5.546 billion, an increase of 17.9%, or 6.5% organically . Total Contract Revenues for FY 2026 were $5,545.9 million, a 17.9% increase from $4,702.0 million in FY 2025 .Communications segment contract revenues were $5,450,072 thousand .Building Systems segment contract revenues were $95,840 thousand .Net Income: $281.2 million, an increase of 20.5% .Adjusted Net Income: $352.1 million, an increase of 29.4% .Adjusted EBITDA: $737.7 million, an increase of 28.0% . Adjusted EBITDA for FY 2026 reached $737.7 million, up 28.0% from $576.3 million in FY 2025 .Adjusted EBITDA as a percentage of contract revenues: 13.3%, an increase of 105 basis points . The Adjusted EBITDA margin for FY 2026 was 13.3%, an improvement of 105 basis points from 12.3% in FY 2025 .Communications segment Non-GAAP Adjusted EBITDA was $726,630 thousand, or 13.3% of contract revenues .Building Systems segment Non-GAAP Adjusted EBITDA was $11,109 thousand, or 11.6% of contract revenues .Operating Cash Flow: $642.5 million, an increase of 84.0% . Operating cash flows were $642.5 million in FY 2026, up from $349.1 million in FY 2025 .Free Cash Flow: $435.3 million, an increase of 216.0% . Free Cash Flow was $435.3 million in FY 2026, up from $137.8 million in FY 2025 .BacklogTotal Backlog: $9.542 billion, an increase of 23.0% . Total Backlog increased 23.0% year-over-year, reaching $9.542 billion in Q4 2026, compared to $7.760 billion in Q4 2025 .Communications segment total backlog was $8,333 million, with $5,250 million expected in the next 12 months . Total Backlog for the Communications Segment in Q4 2026 was $8,333 million, with $5,250 million expected in the next 12 months .Building Systems segment total backlog was $1,209 million, with $1,108 million expected in the next 12 months . Total Backlog for the Building Systems Segment in Q4 2026 was $1,209 million, with $1,108 million expected in the next 12 months .Next 12 Months Backlog: Increased 37.0% year-over-year, reaching $6.358 billion in Q4 2026, compared to $4.642 billion in Q4 2025 .Q4 2026 backlog includes $1.209 billion from acquired operations, of which $1.108 billion is included in the Next 12 Months Backlog .Segment PerformanceCommunications Segment Total Contract Revenues:Q4 2026: $1,361.7 million .Q4 2025: $1,084.5 million .FY 2026: $5,450.1 million .FY 2025: $4,702.0 million .Communications Segment Adjusted EBITDA:Q4 2026: $151.3 million .Q4 2025: $116.4 million .FY 2026: $726.6 million .FY 2025: $576.3 million .Communications Segment Adjusted EBITDA %:Q4 2026: 11.1% .Q4 2025: 10.7% .FY 2026: 13.3% .FY 2025: 12.3% .Communications Segment Total Backlog:Q4 2026: $8,333 million .Q4 2025: $7,760 million .Communications Segment Next 12 Months Backlog:Q4 2026: $5,250 million .Q4 2025: $4,642 million .Building Systems Segment Total Contract Revenues (Q4 2026): $95.8 million .Building Systems Segment Adjusted EBITDA (Q4 2026): $11.1 million .Building Systems Segment Adjusted EBITDA % (Q4 2026): 11.6% .Building Systems Segment Total Backlog (Q4 2026): $1,209 million .Building Systems Segment Next 12 Months Backlog (Q4 2026): $1,108 million .Cash Flow SummaryQ4 2026 Operating cash flows: $419.0 million, up from $328.2 million in Q4 2025 .Q4 2026 Capital expenditures, net of proceeds from sale of assets: - $51.9 million, compared to - $59.8 million in Q4 2025 .Q4 2026 Cash paid for acquisitions, net of cash acquired: - $1,628.6 million, compared to $0 million in Q4 2025 .Q4 2026 Borrowings (Repayments) on Senior Credit Facility: $1,895.0 million, compared to - $155.0 million in Q4 2025 .Q4 2026 Debt issuance costs: - $33.9 million, compared to $0 million in Q4 2025 .Q4 2026 Repurchase of common stock: $0 million, compared to - $35.9 million in Q4 2025 .Q4 2026 Other financing and investing activities, net: - $0.6 million, compared to - $0.2 million in Q4 2025 .Q4 2026 Days Sales Outstanding (DSO): 101 days, down from 114 days in Q4 2025 .FY 2026 Operating cash flows: $642.5 million, up from $349.1 million in FY 2025 .FY 2026 Capital expenditures, net of proceeds from sale of assets: - $207.2 million, compared to - $211.3 million in FY 2025 .FY 2026 Cash paid for acquisitions, net of cash acquired: - $1,628.6 million, compared to - $183.9 million in FY 2025 .FY 2026 Borrowings (Repayments) on Senior Credit Facility: $1,890.0 million, compared to $135.0 million in FY 2025 .FY 2026 Debt issuance costs: - $33.9 million, compared to - $6.7 million in FY 2025 .FY 2026 Repurchase of common stock: - $30.2 million, compared to - $65.6 million in FY 2025 .FY 2026 Other financing and investing activities, net: - $16.3 million, compared to - $25.0 million in FY 2025 .Debt and Liquidity Overview (As of Q4 2026 vs. Q3 2026)4.50% Senior Notes, mature April 2029: $500.0 million in Q4 2026 and Q3 2026 .Term Loan Facility A, matures December 2030: $1,540.0 million in Q4 2026, up from $445.0 million in Q3 2026 .Term Loan Facility B, matures January 2033: $800.0 million in Q4 2026, compared to $0 million in Q3 2026 .Total Notional Amount of Debt: $2,840.0 million in Q4 2026, up from $945.0 million in Q3 2026 .Cash and Equivalents: $709.2 million in Q4 2026, up from $110.1 million in Q3 2026 .Notional Net Debt: $2,130.8 million in Q4 2026, up from $834.9 million in Q3 2026 .Liquidity: $1,455.5 million in Q4 2026, up from $706.5 million in Q3 2026 .Outlook / Guidance戴康工业 (Dycom Industries, Inc.) anticipates strong growth for fiscal 2027, driven by fiber-to-the-home deployments and increased demand for Communications and Building Systems services supporting data centers and hyperscaler build plans . For fiscal 2027, the company expects total contract revenues between $6.85 billion and $7.15 billion, with Communications segment revenues projected from $5.70 billion to $5.90 billion and Building Systems segment revenues from $1.15 billion to $1.25 billion . Continued Adjusted EBITDA margin expansion is also expected, with modest improvement in the Communications segment and mid-teens Adjusted EBITDA segment margin for Building Systems .