Financial Data and Key Metrics Changes - The company reported first quarter revenue of $1,259,000,000, a 10.2% increase over Q1 2025 [5][19] - Adjusted EBITDA was $150,400,000, representing 11.9% of revenues and an increase of 14.9% over Q1 2025 [5][19] - Net income was $61,000,000, with diluted EPS of $2.90 per share, exceeding expectations [20] - The company increased its revenue expectations for the year to a range of $5,290,000,000 to $5,425,000,000, representing a growth of 12.5% to 15.4% over the prior year [6][23] Business Line Data and Key Metrics Changes - The service and maintenance business has grown significantly, providing a stable base of recurring revenue [8][9] - The company has diversified its customer base and services within telecommunications and digital infrastructure, which buffers against the impact of any single customer [7][9] - The backlog at the end of Q1 was $8,127,000,000, including $4,685,000,000 expected to be completed in the next twelve months [21] Market Data and Key Metrics Changes - The company noted robust demand drivers, particularly in fiber to the home programs and hyperscaler infrastructure [12][13] - Recent awards include significant contracts with Verizon and Windstream for fiber to the home and maintenance work [13] - The company is seeing increased opportunities related to AI infrastructure and middle mile networks [13][14] Company Strategy and Development Direction - The company aims to build on its service and maintenance business while capitalizing on fiber to the home deployments and other growth drivers [9][16] - The strategy includes expanding services inside the fence with hyperscalers, which opens new opportunities [17] - The company is focused on improving free cash flow and maintaining a balanced risk-return profile in its backlog [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on market opportunities despite macroeconomic uncertainties [6][11] - The impact of tariffs and international trade actions is expected to be negligible, with most components produced in the U.S. [11][23] - Management remains optimistic about the growth prospects, with ongoing opportunities in fiber infrastructure and service maintenance [12][16] Other Important Information - The company repurchased 200,000 shares for $30,200,000 during the quarter [6][22] - Operating cash flows used in the quarter were $54,000,000, reflecting seasonal uses of cash [22] - The company is closely monitoring the impact of tariffs and trade actions on its operations [23] Q&A Session Summary Question: Performance of Black and Veatch - Management noted that the performance is a mix of pull forward and ramping quicker than expected, with strong integration into operations [26][27] Question: Second Quarter Guidance - The guidance reflects continued strength from fiber to the home builds and wireless business, with expectations for ongoing growth [32][33] Question: CapEx and Tariff Impact - Management feels confident about managing equipment costs and has been proactive in planning to mitigate tariff impacts [34][36] Question: Margin Improvement - Operating leverage is a key factor in margin improvement, with expectations for continued growth in margins [39][41] Question: BEAD Program Importance - While the BEAD program is significant, it is not essential for current growth, with other drivers providing robust opportunities [42][44] Question: Backlog and Organic Growth - The backlog is diversified, and organic growth is slightly positive, with long-term opportunities expected [48][52] Question: Government Layoffs and Deregulation - Management is monitoring the potential easing of permitting and other regulatory changes that could positively impact the industry [80]

Financial Data and Key Metrics Changes - The company reported first quarter revenue of $1,259,000,000, a 10.2% increase over Q1 2025 [4][21] - Adjusted EBITDA was $150,400,000, representing 11.9% of revenues, and an increase of 14.9% over Q1 2025 [4][22] - Net income was $61,000,000, with diluted EPS of $2.90 per share, exceeding expectations [22] - The company increased its revenue expectations for the year to a range of $5,290,000,000 to $5,425,000,000, representing a growth of 12.5% to 15.4% over the prior year [5][25] Business Line Data and Key Metrics Changes - The service and maintenance business has grown significantly, providing a stable base of recurring revenue [6][7] - The company has diversified its customer base and services within telecommunications and digital infrastructure, which buffers against the impact of any single customer [5][6] - The backlog at the end of Q1 was $8,127,000,000, including $4,685,000,000 expected to be completed in the next twelve months [23] Market Data and Key Metrics Changes - The company noted robust demand drivers, particularly in fiber to the home deployments and hyperscaler infrastructure projects [11][12] - Recent awards include significant contracts with Verizon and Windstream for fiber to the home and maintenance work [12] - The company is seeing increased opportunities related to AI infrastructure, with hyperscalers reiterating or increasing their CapEx budgets [12][15] Company Strategy and Development Direction - The company aims to build on its service and maintenance business while capitalizing on fiber to the home deployments and other growth drivers [7][18] - The strategy includes expanding services inside the fence with hyperscalers, which opens new opportunities [15][19] - The company is focused on improving free cash flow and maintaining a balanced risk and return profile in its backlog [17][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties and tariff impacts, expecting negligible effects on current builds [10][25] - The demand for fiber to the home remains strong, with many customers reconfirming or increasing their targets [11][12] - Management believes that the company is well-positioned for continued growth, with a well-defined strategy and clear objectives [18][19] Other Important Information - The company repurchased 200,000 shares for $30,200,000 during the quarter, reflecting a commitment to returning capital to shareholders [5][24] - Operating cash flows used in the quarter were $54,000,000, reflecting seasonal uses of cash [24] Q&A Session Summary Question: Regarding the performance of Black and Veatch - Management indicated that the performance was a mix of pull forward and quicker ramp-up than expected, with strong integration into operations [28][29] Question: On the maintenance side, can you size that business? - Management noted that service and maintenance is a core part of the strategy, historically representing over 50% of the business [31] Question: Is the second quarter guidance a continuation of strength from the wireless side? - Management confirmed that both fiber to the home builds and the wireless business are contributing to the positive outlook for Q2 [34][35] Question: Any potential for pulling forward spending before tariffs hit? - Management stated that they are strategically managing equipment purchases and feel confident about their current position despite tariff impacts [36][38] Question: Was there anything unusual with costs this quarter? - Management attributed margin improvement to operating leverage and ongoing efficiency efforts [41][43] Question: What is the importance of the BEAD program for future growth? - Management believes that while BEAD is a significant opportunity, it is not necessary for current growth, with other drivers providing robust opportunities [46][47] Question: Is the pace of working through the backlog changing? - Management highlighted the diversification of the backlog and expressed confidence in the pace of business [50][51] Question: Does customer consolidation drive more business? - Management indicated that customer consolidation has historically been positive, leading to more opportunities for larger national players [80] Question: Have government layoffs affected the approval process? - Management noted that easing permitting could be a positive for the industry, and they are monitoring potential regulatory changes closely [86][87]

Group 1 - Dycom Industries reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of $1.60 per share, with a year-over-year comparison showing a slight decrease from $2.12 per share [1] - The company achieved revenues of $1.26 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 5%, and showing an increase from $1.14 billion in the same quarter last year [2] - Dycom Industries has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 11.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $2.76 on revenues of $1.35 billion, and for the current fiscal year, it is $9.25 on revenues of $5.2 billion [7] Group 3 - The Building Products - Heavy Construction industry, to which Dycom Industries belongs, is currently ranked in the top 1% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - The estimate revisions trend for Dycom Industries is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]

1st Quarter 2026 Results May 21, 2025 Important Information Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the 1995 Private Securities Litigation Reform Act. These forward-looking statements include those related to the outlook for the fiscal year ending January 31, 2026 and the fiscal quarter ending July 26, 2025, including, but not limited to, those statements related to our recent acquisitions and those found under the "Outlook" s ...

Financial Performance - Contract revenues for Q1 fiscal 2026 increased by 10.2% to $1.259 billion compared to $1.142 billion in Q1 fiscal 2025[3] - Non-GAAP Adjusted EBITDA rose to $150.4 million, representing 11.9% of contract revenues, up from $130.9 million or 11.5% in the prior year[4] - Net income for the quarter was $61.0 million, or $2.09 per diluted share, compared to $62.6 million, or $2.12 per diluted share, in the previous year[4] - Organic contract revenues increased by 0.7% after excluding revenues from acquired businesses[3] Outlook - For fiscal 2026, the company increased its contract revenue outlook to a range of $5.290 billion to $5.425 billion, reflecting a growth of 12.5% to 15.4% over the prior year[6] - The second quarter fiscal 2026 outlook anticipates contract revenues between $1.38 billion and $1.43 billion[9] - Fiscal 2026 will include 53 weeks of operations, with the extra week occurring in the fourth quarter[7] Backlog and Share Repurchase - The company reported a record backlog of $8.127 billion as of April 26, 2025[8] - The company repurchased 200,000 shares for $30.2 million at an average price of $150.93 per share during Q1[5] Tax Benefits - The company experienced income tax benefits of $2.2 million from share-based awards during the quarter[4] - The provision for income taxes included tax benefits of $2.2 million and $5.9 million for the quarters ended April 26, 2025, and April 27, 2024, respectively, due to the vesting and exercise of share-based awards[27] Non-GAAP Measures - The Company reported Non-GAAP Organic Contract Revenues, which are contract revenues from businesses included for the entirety of both the current and prior year periods, excluding certain non-recurring items[26] - Non-GAAP Adjusted EBITDA for the quarter ended April 26, 2025, included stock-based compensation expense of $9.1 million, compared to $7.8 million for the quarter ended April 27, 2024[27]

(All metrics compared to the first quarter of fiscal 2025) WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 26, 2025. First Quarter Highlights "Dycom had a strong start to fiscal 2026 with continued progress against our goals, excellent financial and operational performance, and a record backlog. Based on our first quarter results and a favorable demand outlook, we are increasing our full year fiscal 2026 ...

Core Viewpoint - Dycom Industries, Inc. is expected to report its first-quarter fiscal 2026 results, with earnings anticipated to show a year-over-year decline despite revenue growth driven by ongoing projects and demand for network bandwidth [1][2][3]. Earnings & Revenue Expectations - The Zacks Consensus Estimate for Dycom's fiscal first-quarter earnings per share (EPS) is stable at $1.60, reflecting a 24.5% decrease year-over-year [2]. - Revenue is estimated at $1.20 billion, indicating a 4.9% year-over-year rise [2]. Factors Influencing Performance - Revenue growth is expected to be driven by fiber-to-the-home deployments, long-haul fiber projects, and wireless equipment upgrades, alongside improved demand from top customers [3]. - Contract revenues are projected to be between $1.16 billion and $1.20 billion, up from $1.14 billion in the prior year [4]. Segment Performance - The Telecommunications segment is expected to generate $1 billion in revenue, a 5.1% increase from the previous year [5]. - The Underground Facility unit's revenues are projected at $86.3 million, up 6.5% year-over-year [5]. Backlog and Challenges - A backlog of $7.28 billion is anticipated, down from $6.36 billion reported in the prior year [6]. - Challenges such as labor shortages and increased costs, particularly due to fluctuations in oil prices, are expected to impact performance [7]. Earnings Guidance - Dycom anticipates diluted EPS in the range of $1.50-$1.73 for the fiscal first quarter, compared to $2.12 in the prior year [7]. - The adjusted EBITDA margin is projected at 11.1%, down from 11.5% reported a year ago [7]. Earnings Prediction Model - The current model does not predict an earnings beat for Dycom, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [8][9].

Wall Street analysts forecast that Dycom Industries (DY) will report quarterly earnings of $1.60 per share in its upcoming release, pointing to a year-over-year decline of 24.5%. It is anticipated that revenues will amount to $1.2 billion, exhibiting an increase of 4.9% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pr ...

WEST PALM BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) will host a conference call to discuss fiscal 2026 first quarter results on Wednesday, May 21, 2025, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register-conf.media-server.com/register/BId9b71fb44ee4418c989bfb1e2a716abe. Upon registration, participants ...

Last year, I published bullish pieces on EMCOR Group ( EME ) and MasTec ( MTZ ) wherein I pointed out that specialty contractors are benefiting from the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act [IIJA], as wellI'm an avid investor with a long-term, and sometimes contrarian, approach to equities investing. I started out as a Tech analyst but now also cover Commodities and Energy sectors as the world navigates the energy transition.Analyst’s Disclosure: I/we have no stock, optio ...