Dycom Industries, Inc. Reports Fiscal 2025 Fourth Quarter and Annual Results and Provides Outlook

Core Insights - Dycom Industries, Inc. reported strong financial results for the fourth quarter and fiscal year 2025, highlighting successful execution of its strategy and ability to meet industry demand [2][3][6] Fourth Quarter Results - Contract revenues increased by 13.9% to $1.085 billion compared to $952.5 million in the same quarter last year [3] - Organic contract revenues rose by 7.4%, excluding revenues from acquired businesses [3] - The company recognized $67.9 million in storm restoration revenues during the quarter, compared to none in the prior year [3] Profitability Metrics - Non-GAAP Adjusted EBITDA for the fourth quarter was $116.4 million, representing 10.7% of contract revenues, up from $93.7 million or 9.8% in the prior year [4] - Net income for the quarter was $32.7 million, or $1.11 per diluted share, compared to $23.4 million, or $0.79 per diluted share in the previous year [4] Annual Results - For the fiscal year ended January 25, 2025, contract revenues increased by 12.6% to $4.702 billion from $4.176 billion in the prior year [6] - Adjusted EBITDA for the fiscal year was $576.3 million, or 12.3% of contract revenues, compared to $481.2 million or 11.6% in the previous year [8] - Net income for the fiscal year was $233.4 million, or $7.92 per diluted share, up from $218.9 million, or $7.37 per diluted share in the prior year [9] Share Repurchase - During the fourth quarter, the company repurchased 200,000 shares for $35.9 million at an average price of $179.27 per share [5] - For the fiscal year, a total of 410,000 shares were repurchased for $65.6 million at an average price of $160.10 per share [10] Outlook - For fiscal 2026, the company expects total contract revenues to increase by 10% to 13% compared to fiscal 2025 [11] - The first quarter of fiscal 2026 is projected to have contract revenues between $1.16 billion and $1.20 billion [12]