Dycom(DY) - 2026 Q3 - Quarterly Results

Revenue Growth - Contract revenues for Q3 2026 increased by 14.1% to $1.452 billion compared to $1.272 billion in Q3 2025[4] - Year-to-date contract revenues reached $4.088 billion, a 13.0% increase from $3.617 billion in the prior year period[7] - For fiscal 2026, total contract revenues are expected to range from $5.350 billion to $5.425 billion, indicating a growth of 13.8% to 15.4% over the prior year[11] - The company anticipates Q4 2026 contract revenues between $1.26 billion and $1.34 billion[12] - GAAP Contract Revenues for Q3 2025 reached $1,451,798, representing a 14.1% increase from $1,272,007 in Q3 2024[26] - Non-GAAP Organic Contract Revenues for Q3 2025 were $1,340,891, reflecting a growth of 7.2% compared to $1,251,014 in Q3 2024[26] - Non-GAAP Organic Contract Revenues for the nine months ended October 25, 2025, totaled $3,710,768, compared to $3,569,876 for the same period in 2024, showing a growth of 3.9%[26] Profitability Metrics - Non-GAAP Adjusted EBITDA rose to $219.4 million, representing 15.1% of contract revenues, up from $170.7 million or 13.4% in the prior year quarter[5] - GAAP net income increased to $106.4 million, or $3.63 per diluted share, compared to $69.8 million, or $2.37 per diluted share in Q3 2025, marking a 35.4% increase[6] - Net Income for Q3 2025 was $106,365, up from $69,789 in Q3 2024, marking a significant increase of 52.4%[27] - Non-GAAP Adjusted Net Income for Q3 2025 was $106,365, compared to $79,150 in Q3 2024, indicating a growth of 34.3%[28] - Non-GAAP Adjusted Diluted Earnings per Common Share for Q4 2026 is projected to be between $1.62 and $1.97[12] - GAAP diluted earnings per share for Q3 2025 was $3.63, an increase from $2.37 in Q3 2024[28] - Non-GAAP Adjusted Diluted Earnings per Common Share for Q3 2025 was $3.63, compared to $2.68 in Q3 2024, reflecting a growth of 35.5%[28] Financial Position - The company reported a record backlog of $8.2 billion as of October 25, 2025[10] - Total assets increased to $3.325 billion as of October 25, 2025, up from $2.945 billion at the beginning of the year[22] - Operating cash flows for the quarter were strong at $220.0 million[10] Non-GAAP Adjustments - Total adjustments for Non-GAAP measures included stock-based compensation expenses of $7,986 for Q3 2025, down from $14,024 in Q3 2024[32] - The company incurred approximately $4.2 million in acquisition integration costs during the quarter ended October 26, 2024[32]