DYCOM INDUSTRIES INC — Form 8-K
Filed August 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Dycom reported Q2 FY2027 record contract revenues of $2.006B (45.6% YoY growth, 16.7% organic), with adjusted EBITDA of $315.5M (15.7% margin) and adjusted diluted EPS of $5.29. The company completed its acquisition of National Technology Integrators (~$22.9M Q2 revenue contribution) and raised full-year FY2027 revenue guidance to $7.48–$7.66B (from prior guidance). Total backlog reached a record $12.242B (+53.2% YoY), with $6.472B in next-12-months backlog. Communications segment revenues of $1.608B grew 16.7% organically; Building Systems (now reported separately post-NTI acquisition) contributed $397.5M with 24.5% adjusted EBITDA margin.
Why this rating
Strong organic growth (16.7%), record backlog ($12.2B vs. $7.6B market cap = 1.6x size) provides multi-year visibility. NTI acquisition expands capabilities. Organic growth and margin expansion are real, material for a $7.6B company, though partly offset by $150M wireless deferral and Communications margin pressure.
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