Dycom Industries ( (DY) ) has released its Q3 earnings. Here is a breakdown of the information Dycom Industries presented to its investors.
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Dycom Industries, Inc. is a prominent provider of specialty contracting services in the telecommunications infrastructure and utility sectors across the United States, offering services such as program management, engineering, and construction.
In its fiscal 2026 third-quarter earnings report, Dycom Industries announced record financial results, showcasing significant growth in revenue and profitability. The company reported a 14.1% increase in contract revenues, reaching $1.452 billion, and a 35.4% rise in GAAP diluted earnings per share, indicating strong operational performance.
Key financial highlights include a record net income of $106.4 million, a 34.4% increase from the previous year, and an adjusted EBITDA of $219.4 million, representing 15.1% of contract revenues. The company also reported a robust operating cash flow of $220 million and a record backlog of $8.2 billion, underscoring its strong market position and future growth potential.
Looking ahead, Dycom Industries is optimistic about its fiscal 2026 outlook, increasing the midpoint of its revenue forecast. The company expects total contract revenues to range from $5.350 billion to $5.425 billion, reflecting a growth rate of 13.8% to 15.4% over the prior year, driven by strong demand for telecommunications and digital infrastructure services.
Overall, Dycom Industries is well-positioned to capitalize on the growing demand for telecommunications infrastructure, with its unique scale and expertise providing a competitive edge in the industry.