Record-Breaking Revenue and Growth
Dycom Industries, Inc. achieved all-time record revenue of $1.45 billion, a 14.1% increase compared to Q3 FY 2025. Adjusted EBITDA was $219 million, and EPS was $3.63, both setting new all-time highs. The adjusted EBITDA margin was 15.1%, with a 169 basis point increase over the prior year.
Acquisition of Power Solutions
Dycom Industries, Inc. announced a definitive agreement to acquire Power Solutions, a leading data center electrical contractor, for $1.95 billion. The acquisition is expected to be immediately accretive to adjusted EBITDA margin and EPS, and it positions Dycom at the center of the growing demand for digital and AI infrastructure.
Increased Revenue Outlook
The company increased the midpoint of its full-year revenue outlook to $5.35 billion to $5.425 billion, representing 13.8% to 15.4% growth over the prior year, excluding results from the pending acquisition.
Strong Backlog and Service Agreements
Dycom Industries, Inc. reported a backlog of $8.2 billion, an all-time high. Subsequent to the quarter, the company executed additional service and maintenance agreements totaling over $500 million.
Improved Cash Flow Management
Operating cash flows were strong at $220 million, with DSOs improving to 105 days, a reduction of fourteen days year over year.