A specialty contractor that builds and maintains the networks behind modern digital life, Dycom lays fiber-optic cable, builds wireless towers, and — through its newer Building Systems arm — wires data centers and critical facilities. Its customers include telecom giants AT&T, Verizon, and Lumen. Founded in 1969 as Mobile Home Dynamics (yes, a mobile-home installer), it reinvented itself in the 1980s, betting early on fiber optics before that became the industry standard.
Dycom reports record fiscal Q2 2027 results and raises full-year outlook
Contract revenues for the quarter ended August 1, 2026 were $2.006 billion, up 45.6% year-over-year, with organic growth of 16.7%.
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Net income was $115.6 million, or $3.81 per diluted share, compared to $97.5 million, or $3.33 per diluted share, in the prior year quarter.
Adjusted EBITDA was $315.5 million, or 15.7% of contract revenues, up from $205.5 million (14.9%) in the prior year quarter.
Total backlog reached $12.242 billion, an increase of 53.2% year-over-year.
The company raised its fiscal 2027 outlook, now expecting contract revenues of $7.48 billion to $7.66 billion, and completed the acquisition of National Technology Integrators.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Dycom appoints David Fallon and Michael Lenz to its Board of Directors, effective August 4, 2026.
Both appointees are considered independent under NYSE and company guidelines and will receive standard non-employee director compensation, prorated from their appointment date.
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David J. Fallon and Michael C. Lenz were appointed to the Board of Directors of Dycom Industries, Inc. on August 4, 2026.
Their terms expire at the 2027 Annual Meeting of Shareholders, where they will stand for election.
The Board size increased from nine to eleven members in connection with the appointments.
Fallon is former CFO of Vertiv Holdings Co.; Lenz is former EVP and Interim CFO of Hexcel Corporation and former CFO of FedEx Corporation.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Dycom directors Thomsen and Avila-Marco retire; board reduced to nine members.
Laurie J. Thomsen retired from the Dycom Industries board effective at the conclusion of the 2026 Annual Meeting on May 28, 2026, per the Board Tenure and Mandatory Retirement Policy.
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Luis Avila-Marco retired from the board effective at the conclusion of the 2026 Annual Meeting, having notified the board on December 18, 2025 that he would not stand for reelection.
The board size was reduced from eleven to nine members following the retirements, which were not due to any disagreement with the company.
Shareholders elected Phillip R. Gallagher, Stephen O. LeClair, and Peter T. Pruitt, Jr. to three-year terms and Raejeanne Skillern to a one-year term.
Shareholders approved executive compensation on an advisory basis and ratified PricewaterhouseCoopers LLP as independent auditor for fiscal 2027.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders
Dycom Industries appoints Raejeanne Skillern to its Board of Directors, effective March 24, 2026.
The Board increased its size from ten to eleven members in connection with her appointment.
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Raejeanne Skillern was appointed to the Board of Directors of Dycom Industries, Inc. on March 24, 2026.
Ms. Skillern will receive director compensation consistent with other non-employee directors, prorated from her appointment date.
Her term expires at the 2026 Annual Meeting of Shareholders, where she will stand for election.
She was determined to be independent under NYSE and company guidelines and has not been appointed to any board committees.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Dycom enters $800M Term Loan B facility, refinances $600M bridge loan
On January 27, 2026, Dycom Industries, Inc. entered into the First Amendment to its Third Amended and Restated Credit Agreement.
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The amendment establishes an $800.0 million senior secured Term Loan B Facility.
Proceeds were used to refinance the company's $600.0 million 364-day senior secured bridge loan, pay related fees and expenses, and add cash to the balance sheet.
Term Loan B borrowings bear interest at term SOFR plus 1.75% or base rate plus 0.75%, with a 0.0% SOFR floor.
The Term B Loan amortizes at 0.25% per quarter beginning September 15, 2026.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits