Dycom(US:DY)2025-11-19 14:00Financial Highlights - Total contract revenues increased by 14.1% year-over-year, from $1.272 billion in Q3 2025 to $1.4518 billion in Q3 2026[6] - Organic revenue growth was 7.2%[6] - Adjusted EBITDA increased by 28.5% year-over-year, from $170.7 million in Q3 2025 to $219.4 million in Q3 2026[6] - Adjusted EBITDA margin improved by 169 basis points, from 13.4% in Q3 2025 to 15.1% in Q3 2026[6] - Adjusted diluted EPS increased by 35.4% year-over-year, from $2.68 in Q3 2025 to $3.63 in Q3 2026[6] Backlog and Debt - Total backlog increased by 4.7% year-over-year[16] - Next 12 Months Backlog increased 11.8% year-over-year[16] - The company executed additional service and maintenance agreements totaling over $500 million subsequent to the quarter[16] - Total notional amount of debt was $945 million in Q3 2026, compared to $1.035 billion in Q2 2026[17] Power Solutions Acquisition - Dycom is set to acquire Power Solutions for a total purchase price of $1.95 billion[36] - Power Solutions' annual revenue is expected to be approximately $1.0 billion for CY2025, with a 4-year revenue CAGR of approximately 15%[36] - Power Solutions has consistently delivered Adjusted EBITDA margins in the mid-to-high teens, which is expected to be sustained in CY2026[36] Fiscal 2026 Outlook - The company is increasing the midpoint of its revenue guidance and now expects total contract revenues for fiscal 2026 to range from $5.350 billion to $5.425 billion, representing a range of 13.8% to 15.4% total growth over the prior year[22]