Slide 1: 4th Quarter 2026 Results
THE PEOPLE CONNECTING AMERICA ® 4TH QUARTER 2026 RESULTS March 4, 2026
Slide 2: Important Information
IMPORTANT INFORMATION CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements can be identified with words such as “believe,” “expect,” “anticipate,” “es
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS “ Record fourth quarter and annual revenue and strong margin expansion Our strong fourth quarter $ MILLIONS, except EPS Q4 2026 Q4 2025 Y/Y performance closed a record Total Contract Revenues1 $ 1,457.6 $ 1,084.5 34.4% year for Dycom, with ramping Organic Revenue Growth 16.6% or
Slide 4: Backlog
BACKLOG $ BILLIONS Next 12 Months Backlog $9.542 Key wins across diverse demand drivers support backlog quality $8.127 $8.222 $7.760 $7.989 Total Backlog3 and Next 12 Months $6.358 Backlog increased 23.0% and 37.0% year-over-year, respectively $4.994 $4.642 $4.685 $4.604 Q4 2026 includes $1.209 bill
Slide 5: Communications Segment
COMMUNICATIONS SEGMENT Record results driven by continued strong demand from FTTH Q4 2026 Q4 2025 FY 2026 FY 2025 programs, wireless activity, $ MILLIONS long-haul and middle mile fiber infrastructure deployments, growing inside the fence Total Contract Revenues $ 1,361.7 $ 1,084.5 $ 5,450.1 $ 4,702
Slide 6: Building Systems Segment
BUILDING SYSTEMS SEGMENT Reflects the results of Power Solutions, LLC following the Q4 2026 December 23, 2025 acquisition date $ MILLIONS Total Contract Revenues $ 95.8 Adjusted EBITDA $ 11.1 Adjusted EBITDA % 11.6% Q4 2026 $ MILLIONS Total Backlog3 $ 1,209 Next 12 Months Backlog $ 1,108 (included i
Slide 7: Debt and Liquidity Overview
DEBT SUMMARY Q4 2026 Q3 2026 $ MILLIONS 4.50% Senior Notes, mature April 2029 $ 500.0 $ 500.0 DEBT AND Senior Credit Facility:4 LIQUIDITY Term Loan Facility A, matures December 2030 1,540.0 445.0 OVERVIEW Term Loan Facility B, matures January 2033 800.0 - Debt maturity profile and strong liquidity p
Slide 8: Cash Flow Overview
CASH FLOW SUMMARY $ MILLIONS Q4 2026 Q4 2025 FY 2026 FY 2025 Operating cash flows $ 419.0 $ 328.2 $ 642.5 $ 349.1 Capital expenditures, net of $ (51.9) $ (59.8) $ (207.2) $ (211.3) proceeds from sale of assets Cash paid for acquisitions, net $ (1,628.6) $ - $ (1,628.6) $ (183.9) of cash acquired CAS
Slide 9: Fiscal 2027 Outlook
FISCAL 2027 OUTLOOK FISCAL YEAR ENDING JANUARY 30, 2027 TOTAL CONTRACT REVENUES $6.85 BILLION to $7.15 BILLION TOTAL CONTRACT REVENUES BY SEGMENT: COMMUNICATIONS $5.70 BILLION to $5.90 BILLION BUILDING SYSTEMS $1.15 BILLION to $1.25 BILLION The Company also anticipates continued Adjusted EBITDA marg
Slide 10: Q1 2027 Outlook
Q1 2027 OUTLOOK QUARTER ENDING MAY 2, 2026 TOTAL CONTRACT REVENUES $1.64 BILLION to $1.71 BILLION NON-GAAP ADJUSTED EBITDA $202 MILLION to $218 MILLION NON-GAAP ADJUSTED DILUTED EPS2 $2.57 to $2.90 For additional information regarding the Company’s outlook, please see the “Outlook Expectations Summa
Slide 11: Non-GAAP Reconciliations Q4 2026
NON-GA AP RECONCILIATIONS Q4 2026
Slide 12: Explanation of Non-GAAP Financial Measures
EXPLANATION OF NON-GA AP 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, slide presentations, conference calls and webcasts, it may use or discuss non-GAAP financial mea
Slide 13: Non-GAAP Organic Contract Revenues and Growth %
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES NON-GAAP ORGANIC CONTRACT REVENUES AND GROWTH % UNAUDITED $ MILLIONS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25, 2025 January 31, 2026 January 25, 2025 Contract Reve
Slide 14: Non-GAAP Adjusted Net Income and Diluted EPS
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES NON-GAAP ADJUSTED NET INCOME AND NON-GAAP ADJUSTED DILUTED EARNINGS PER SHARE UNAUDITED $ MILLIONS, EXCEPT SHARE AMOUNTS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25,
Slide 15: Non-GAAP Adjusted EBITDA
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES NON-GAAP ADJUSTED EBITDA UNAUDITED $ MILLIONS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25, 2025 January 31, 2026 January 25, 2025 Net income $ 16.3 $ 32.7 $ 281.2 $ 2
Slide 16: Communications Segment Non-GAAP Adjusted EBITDA
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES COMMUNICATIONS SEGMENT - NON-GAAP ADJUSTED EBITDA UNAUDITED $ MILLIONS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25, 2025 January 31, 2026 January 25, 2025 Income befo
Slide 17: Building Systems Segment Non-GAAP Adjusted EBITDA
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES BUILDING SYSTEMS SEGMENT - NON-GAAP ADJUSTED EBITDA UNAUDITED $ MILLIONS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25, 2025 January 31, 2026 January 25, 2025 Income (l
Slide 18: Free Cash Flow
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES FREE CASH FLOW UNAUDITED $ MILLIONS Quarter Quarter Fiscal Year Fiscal Year Ended Ended Ended Ended January 31, 2026 January 25, 2025 January 31, 2026 January 25, 2025 Net cash provided by operating activities $ 41
Slide 19: Notes
NOTES 1. AT&T, Verizon, and Lumen each exceeded 10% of total revenues for Q4 2026. Customers exceeding 5% of total revenues for Q4 2026 were Brightspeed, Charter, Comcast and Uniti. 2. The Company excludes amortization of intangible assets from its Non-GAAP Adjusted Net Income beginning with the res
Slide 20: Contact Us
CONTACT US Callie Tomasso Investor VP Investor Relations & Corporate and Media Communications Contact (561) 799-2260 InvestorRelations@dycomind.com Corporate 300 Banyan Boulevard, Suite 1101 West Palm Beach, FL 33401 Office (561) 627-7171 dycomind.com dycom-industries 20
Slide 21: The People Connecting America
THE PEOPLE CONNECTING AMERICA ®