WEST PALM BEACH, Fla., March 24, 2026 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced the appointment of Raejeanne Skillern to its Board of Directors, effective March 24, 2026. Ms. Skillern is a highly regarded technology executive with over 30 years of leadership experience spanning hyperscale cloud, data center infrastructure, communications and artificial intelligence. She has a proven track record of leading multi-billion-dollar business units at global organizations including Ama ...

Get alerts: AT&T, TELUS, Vodafone Group, Dycom Industries, and Telephone and Data Systems are the five Telecom stocks to watch today, according to MarketBeat’s stock screener tool. Telecom stocks are shares of publicly traded companies that provide telecommunications services or infrastructure—such as wireless carriers, broadband and satellite providers, and network-equipment makers. Investors typically regard them as income-oriented, relatively stable holdings because they generate recurring subscription ...

Key Takeaways MasTec outpaces Dycom with diversified exposure and stronger recent stock performance.Dycom sees solid backlog growth and fiber-driven demand, but remains telecom-focused.MasTec reports 33% backlog growth, though margins face pressure from expansion costs.The telecommunications and digital infrastructure space continues to see strong momentum as demand rises for faster connectivity, data transmission and network expansion. MasTec, Inc. (MTZ) and Dycom Industries, Inc. (DY) operate within this ...

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: Renewable Energy, specifically Solar and Storage - **Key Companies Mentioned**: PWR (Power), PRIM (Primoris Services Corp), MTZ (MasTec) Core Insights and Arguments - **Growth Forecast**: - PWR anticipates approximately **10% growth** in renewables until **2030** with a strong backlog in solar and storage as of **3Q25** [1] - PRIM's battery storage revenue exceeded **$250 million** in **2025**, with expectations of growth resuming at **$200-400 million** annually post-2026 [1] - **Utility Solar Installations**: - Expected to grow **17%** in **2026** and **7%** in **2027**, driven by a substantial increase in the solar development pipeline [2] - **Utility Solar Capacity Additions**: - **36 GWdc** added in **2025**, with projections of **42 GWdc** in **2026** and **45-46 GWdc** in **2027-2028** [4] - **Utility Storage Growth**: - Expected to outpace solar growth with a **12% 5-year CAGR** from **2025-2030** [4] - **Battery Capacity Pipeline**: - As of **October 2025**, the US had **24 GW** of battery capacity approved or under construction, primarily in Texas (**11.5 GW**), Arizona, and California [4] - **Project Size Trends**: - **60%** of US solar installations from **2026-2030** are expected to be **200 MW** or larger, with average project size increasing **5x** from **2014-2024** to approximately **110 MW** [4] - **Electricity Generation**: - Renewables are the fastest-growing source of electricity in the US, with utility-scale solar generation increasing **35% YoY** for the year-to-date through **October 2025** [4] - **Data Center Demand**: - Approximately **3.5x** solar capacity is needed to match each **GW** of data center demand, with an estimated **29 GW** of data centers under construction requiring over **100 GW** of solar to meet annual targets [4] Additional Important Insights - **Market Sentiment**: - Positive sentiment for PWR, PRIM, and MTZ due to their strong positions in the renewable energy sector [1] - **Investment Opportunities**: - The growth in solar and storage presents significant investment opportunities, particularly for companies with established backlogs and growth trajectories in these sectors [1][2] - **Risks**: - Potential project delays due to oil price volatility and market conditions could impact growth forecasts and investor confidence [23] This summary encapsulates the key points discussed in the conference call, highlighting the growth potential and challenges within the renewable energy sector, particularly focusing on solar and storage solutions.

Core Insights - The article suggests that the most successful participants in gold rushes were not the prospectors but the merchants who supplied essential goods and services [1] Group 1 - Robert F. Abbott has been managing his family's investments since 1995 and began incorporating options strategies in 2010, focusing on covered calls and collars with long stocks [1] - Abbott is a freelance writer with a project aimed at providing information for new and intermediate-level mutual fund investors [1] - He holds a Bachelor of Arts and a Master of Business Administration (MBA) degree and resides in Airdrie, Alberta, Canada [1]

Core Insights - Dycom Industries, Inc. is enhancing its long-term growth strategy by investing in workforce development to meet the increasing demand for telecommunications and digital infrastructure [1] Group 1: Workforce Development - The company plans to establish a 49-acre workforce training center in Walton County, GA, set to open in mid-2027, aimed at addressing the need for skilled telecommunications technicians [2] - The training center will include a simulated town for hands-on fiber deployment, a mock mission-critical facility for electrical systems training, and specialized driver training courses [2] - This initiative is expected to support a consistent culture of safety and quality across Dycom's nearly 20,000-person workforce [2] Group 2: Financial Performance and Projections - Dycom Industries reported record revenues of $5.55 billion for fiscal 2026 and projects total contract revenues for fiscal 2027 to be between $6.85 billion and $7.15 billion, indicating a potential growth rate of 23.6% to 29% [3][9] - The company anticipates strong demand for electrical services in its new "Building Systems" segment and aims to lead the fiber-to-the-home market over the next decade, supported by opportunities from the BEAD program [3][4] Group 3: Competitive Landscape - Dycom competes with established firms like Sterling Infrastructure, Inc. and Quanta Services, Inc. in the telecommunications and digital infrastructure construction market [5] - Sterling has shown strong operational performance, particularly in its E-Infrastructure and Transportation segments, with significant revenue growth and improved operational efficiency [6] - Quanta maintains a robust position in electric power and grid infrastructure, benefiting from strong project activity in electrification and renewable energy markets [7] Group 4: Stock Performance and Valuation - Dycom's stock has increased by 40% over the past six months, outperforming the Zacks Building Products - Heavy Construction industry and the broader S&P 500 Index [8] - The stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 28.9, indicating a premium compared to industry peers [11] Group 5: Earnings Estimates - Earnings estimates for Dycom for fiscal 2027 and fiscal 2028 have been revised upward, suggesting year-over-year growth of 4% and 29.2%, respectively [12]

Core Insights - Dycom Industries, Inc. plans to establish a flagship workforce training center in Monroe, Georgia, expected to open in mid-2027, aimed at enhancing its training capabilities to meet the growing demand for skilled labor in the telecommunications and digital infrastructure sectors [1][2]. Group 1: Training Center Details - The new 49-acre campus will serve as a centralized hub for high-touch technical instruction, complementing Dycom's existing network of regional and field training centers across the U.S. [2] - The facility will feature a simulated town environment for hands-on fiber deployment and utility work, along with a mission-critical facility mock environment for immersive training on complex electrical systems [4]. Group 2: Company Commitment and Workforce - Dan Peyovich, President and CEO of Dycom, emphasizes the importance of a skilled workforce and the company's commitment to providing training and career opportunities for individuals without prior experience in the industry [3]. - Dycom employs nearly 20,000 skilled workers across all 50 states, connecting cities and people to their homes and businesses [5]. Group 3: Safety and Specialized Training - The training curriculum will focus on real-world challenges while instilling a commitment to safety and quality [7]. - The campus will include on-site housing for trainees during multi-day programs, supported by 24/7 staff, and specialized driver training courses for vehicle operation and safety certifications [7].

Dycom Industries Conference Call Summary Company Overview - **Company**: Dycom Industries (NYSE: DY) - **Date**: March 10, 2026 - **Speaker**: Dan Peyovich, CEO Key Points Industry and Market Position - Dycom is the largest player in the communication infrastructure sector, operating in all 50 states [4][3] - The company is expanding its footprint through the acquisition of Power Solutions, which operates in a mature market, particularly in the data center sector [4][2] Financial Performance - Dycom reported a solid fiscal 2026, exceeding revenue outlook for the first time in full year history [3][2] - The company achieved a 216% increase in free cash flow year-over-year, positioning itself for future acquisitions [49][48] - Revenue growth expectations for Power Solutions are projected at 15%-25% [9][10] Growth Strategy - Dycom is focused on long-term growth, with strategic planning extending 3, 5, and 10 years into the future [3][2] - The company aims to leverage its skilled workforce to meet increasing customer demands, particularly in Fiber to the Home and data center markets [7][24] - Dycom is not looking to diversify into unrelated infrastructure sectors but will focus on digital infrastructure [20][20] Demand and Market Trends - There is significant demand for Fiber to the Home, with customers more bullish than six months ago [7][6] - The BEAD program presents a $20 billion opportunity over the next four to five years, enhancing Dycom's growth prospects [29][28] - The company is not seeing a bubble in data centers, with strong demand continuing [11][10] Operational Insights - Dycom is investing in workforce training and development, including a flagship training facility in Georgia to enhance skills [42][41] - The company is addressing supply chain challenges and rising fuel costs by streamlining its fleet and increasing the number of hybrid vehicles [35][36] M&A and Capital Allocation - Dycom has a disciplined approach to M&A, focusing on cultural fit and strategic alignment with its core business [52][51] - The company is open to further acquisitions but prioritizes organic growth and maintaining a net leverage below 2x [50][49] Future Outlook - Dycom plans to continue updating stakeholders on the performance of Power Solutions and the overall business strategy [57][56] - The company is committed to improving margins and cash flow while investing in workforce development [59][58] Technology and Innovation - Dycom is exploring the potential of Hollow Core Fiber technology, which could improve latency and expand data center capabilities [31][30] - The company is positioned to adapt to technological changes and infrastructure needs driven by increasing data consumption [34][33] Conclusion - Dycom Industries is well-positioned for growth in the digital infrastructure space, with a clear strategy focused on enhancing its service offerings and workforce capabilities while navigating market demands and operational challenges [60][59]

THE PEOPLE CONNECTING AMERICA® INVESTOR PRESENTATION Q4 2026 IMPORTANT INFORMATION CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements can be identified with words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "forecast," "target," "outlook," "may," "should," "could," and similar expressions, as well as statements written in the ...

Backlog and Revenue - The total backlog as of January 31, 2026, is $9,542.0 million, an increase from $6,358.0 million on January 25, 2025[42] - The Communications segment backlog is $8,333.5 million, up from $5,249.6 million year-over-year[42] - The Building Systems segment backlog is $1,208.5 million, compared to $1,108.4 million in the previous year[42] - Approximately 25.4% of total contract revenues in fiscal 2026 were derived from AT&T Inc., 14.0% from Verizon Communications, Inc., and 10.8% from Lumen Technologies Inc.[36] Workforce and Operations - The company has a workforce of approximately 19,556 employees as of January 31, 2026[47] - The fiscal year consists of either 52 or 53 weeks, with fiscal 2026 having 53 weeks of operations[34] - The company’s services are significantly impacted by seasonal weather conditions, particularly in the fiscal quarters ending in January and April[41] - The company’s operating structure promotes accountability by decentralizing transaction recording while centralizing certain financial activities[31] Financial Strategy and Debt - The company pursues selective acquisitions to enhance revenue and diversify geographic and service offerings[33] - As of January 31, 2026, 18% of the company's debt incurred interest at a fixed rate, while 82% incurred interest at a variable rate[264] - The company issued $500 million in 4.50% senior notes due 2029, with a fair value of $492.2 million as of January 31, 2026[265] - A hypothetical 50 basis point change in market interest rates would result in an increase or decrease in the fair value of the 2029 Notes of approximately $7.2 million[265] - The company had variable rate debt outstanding of $1,540 million under its Term Loan A Facility and $800 million under its Term Loan B Facility as of January 31, 2026[266] - For every 50 basis point change in the interest rate, interest expense associated with the variable rate borrowings would change by approximately $11.7 million annually[266] Market Demand - The company aims to capitalize on the growing demand for network telecommunications bandwidth driven by data-intensive applications and mobile usage[29]