Overview
- Dycom reported fiscal Q1 2027 results on Wednesday with contract revenue of $1.965 billion, a 56% year-over-year increase driven by about 25% organic growth.
- Adjusted metrics rose sharply as adjusted EBITDA climbed to $262.5 million and adjusted diluted EPS reached $4.42, increases of roughly 75% and 85% respectively from a year earlier.
- Backlog hit a record $11.9 billion, a 2.2x book-to-bill ratio, with roughly $10.8 billion in Communications and $1.1 billion in Building Systems and $6.4 billion expected to convert in the next 12 months.
- Dycom raised fiscal 2027 contract revenue guidance to $7.38 billion–$7.65 billion while excluding expected contributions from the newly announced National Technology Integrators deal and any BEAD-funded work.
- The company agreed to buy National Technology Integrators for $275 million to add about $175 million of annualized revenue and low-voltage and data-center capabilities, with management saying the deal is immediately accretive but will require integration and hiring to sustain margins.