Slide 1: 1st Quarter 2026 Results
1st Quarter 2026 Results May 21, 2025
Slide 2: Important Information
Important Information Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the 1995 Private Securities Litigation Reform Act. These forward-looking statements include those related to the outlook for the fiscal year ending January
Slide 3: Financial Highlights
Financial Highlights “Dycom had a strong start to Delivered strong revenue growth and margin expansion fiscal 2026 with continued progress against our goals, $ Millions, Except EPS Q1 2026 Q1 2025 Y/Y excellent financial and operational performance, and Total Contract Revenues1 $1,258.6 $1,142.4 10.
Slide 4: Industry Drivers
Industry Drivers Increasing amounts of capital in the industry for the deployment and operation of high-capacity telecommunications and digital infrastructure Multi-Year Capital Commitments for Fiber-to-the-Home Deployments Increasing Demand for Fiber Infrastructure to Support AI-Enabled Data Center
Slide 5: Backlog and Headcount
Backlog and Headcount Backlog3 $ Billions Employee Headcount 5
Slide 6: Debt and Liquidity Overview
Debt and Liquidity Overview Debt maturity profile and strong liquidity position provide financial flexibility Debt Summary Q1 2026 Q4 2025 $ Millions 4.50% Senior Notes, mature April 2029 $ 500.0 $ 500.0 Senior Credit Facility, matures January 2029:4 Term Loan Facility 450.0 450.0 Revolving Facility
Slide 7: Cash Flow Overview
Cash Flow Overview Capital allocation prioritizes organic growth, followed by M&A and opportunistic share repurchases, within the context of the Company’s historical range of net leverage Cash Flow Summary Q1 2026 Q1 2025 $ Millions Operating cash flow $ (54.0) $ (37.4) Capital expenditures, net of
Slide 8: Updated Fiscal 2026 Outlook
Updated Fiscal 2026 Outlook Fiscal Year Ending January 31, 2026 Building on strong first quarter results and a favorable demand outlook, the Company is increasing its full year fiscal 2026 expected range of contract revenues We now expect total contract revenues to range from $5.290 billion to $5.42
Slide 9: Q2 2026 Outlook
Q2 2026 Outlook Quarter Ending July 26, 2025 Total Contract Non-GAAP Diluted Revenues Adjusted EBITDA EPS $1.38 BILLION $185 MILLION $2.74 to $3.05 to $1.43 BILLION to $200 MILLION Stock-Based Non-GAAP Amortization Interest Diluted Compensation Effective Income Expense Expense, Net Shares Expense Ta
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Q1 2026
Slide 11: Explanation of Non-GAAP Financial Measures
Explanation of Non-GAAP Financial Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). In the Company’s quarterly results releases, trend schedules, conference calls, slide presentations, and webcasts, it may use or discuss Non-G
Slide 12: Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Unaudited $ Millions Non-GAAP Organic Contract Revenues2 Non-GAAP Adjusted EBITDA Quarter Quarter Quarter Quarter Ended Ended Ended Ended April 26, 2025 April 27, 2024 April 26, 2025 April 27, 2024 Contract Revenues
Slide 13: Notes
Notes 1. One customer, AT&T, exceeded 10% of total revenues for Q1 2026. Customers exceeding 5% of total revenues for Q1 2026 were Brightspeed, Charter, Comcast, Frontier, Lumen, Verizon and an unnamed customer. 2. Non-GAAP Organic Contract Revenues are contract revenues from businesses that are inc
Slide 14: The People Connecting America
® The People Connecting America