Dycom Industries, Inc. · NYSE:DY
Dycom Industries — Q1 2027 Earnings Presentation
22 slides from Dycom Industries's earnings presentation, May 27, 2026
Slide 1: 1st Quarter 2027 Results
THE PEOPLE CONNECTING AMERICA ® 1ST QUARTER 2027 RESULTS May 27, 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 First Quarter Results Exceed High End of Expectations Dycom delivered an outstanding start to the year that exceeded the high end of our expectations with strong revenue $ MILLIONS, except EPS Q1 2027 Q1 2026 Y/Y growth, margin expansion and record Total Contract Revenu
Slide 4: Backlog
BACKLOG $ BILLIONS Next 12 Months Backlog Record Backlog Supports $11.906 Multi-Year Visibility +25% 2.2x $9.542 $8.127 $8.222 $7.989 Total Backlog Book-to-Bill $6.397 Q1 2027 $6.358 Q/Q $4.994 $4.685 $4.604 Recent project awards continue to diversify backlog across customers, demand drivers, and ge
Slide 5: Communications Segment
COMMUNICATIONS SEGMENT Q1 2027 Q1 2026 Y/Y Q1 2027 Key Performance Drivers $ MILLIONS • Significant revenue growth driven by expansion into additional geographies Total Contract Revenues $ 1,569.4 $ 1,258.6 24.7% and fiber-to-the-home builds that ramped ahead of expectations; all aided Adjusted EBIT
Slide 6: Building Systems Segment
BUILDING SYSTEMS SEGMENT Q1 2027 Q1 2027 Key Performance Drivers $ MILLIONS • Strong results for the quarter exceeded internal projections driven by revenue Total Contract Revenues $ 395.4 growth and performance which ramped ahead of initial expectations Adjusted EBITDA $ 70.0 Continued Segment Expa
Slide 7: National Technology Integrators Overview
NATIONAL TECHNOLOGY INTEGRATORS OVERVIEW Enhances Dycom’s capabilities in the fast-growing digital infrastructure industry 17 300+ National Technology Integrators is a tenured and fast-growing low-voltage engineering and construction firm specializing in inside-plant structured cabling, advanced AV
Slide 8: Debt and Liquidity Overview
DEBT SUMMARY Q1 2027 Q4 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 1,540.0 OVERVIEW Term Loan Facility B, matures January 2033 800.0 800.0 Debt maturity profile and strong liqui
Slide 9: Cash Flow Overview
CASH FLOW SUMMARY Q1 2027 Q1 2026 $ MILLIONS Operating cash flows $ (24.6) $ (54.0) Capital expenditures, net of proceeds from sale of assets $ (67.5) $ (68.6) Cash paid for acquisitions, net $ (12.8) $ - CASH FLOW of cash acquired OVERVIEW Borrowings on Senior Credit Facility $ - $ 89.0 Capital all
Slide 10: Updated Fiscal 2027 Outlook
UPDATED FISCAL 2027 OUTLOOK FISCAL YEAR ENDING JANUARY 30, 2027 Based on its strong first quarter results and expectations for the remainder of the year, the Company is increasing its full year fiscal 2027 outlook and now expects the following: TOTAL CONTRACT REVENUES $7.38 BILLION to $7.65 BILLION
Slide 11: Q2 2027 Outlook
Q2 2027 OUTLOOK QUARTER ENDING AUGUST 1, 2026 TOTAL CONTRACT REVENUES $1.94 BILLION to $2.01 BILLION NON-GAAP ADJUSTED EBITDA $284 MILLION to $303 MILLION NON-GAAP ADJUSTED DILUTED EPS2 $4.40 to $4.82 The outlook information excludes any results from the pending acquisition of National Technology In
Slide 12: Non-GAAP Reconciliations
NON-GA AP RECONCILIATIONS Q1 2027
Slide 13: 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 14: Reconciliation: 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 Ended Ended May 2, 2026 April 26, 2025 Contract Revenues – GAAP $1,964.8 $ 1,258.6 Contract Revenues – GAAP Growth % 56.1% Contra
Slide 15: Reconciliation: Adjusted Net Income and Adjusted 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 IN MILLIONS, EXCEPT PER SHARE AMOUNTS Quarter Quarter Ended Ended May 2, 2026 April 26, 2025 Net income $91.3 $ 61.0 Pre-tax A
Slide 16: Reconciliation: 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 Ended Ended May 2, 2026 April 26, 2025 Net income $91.3 $ 61.0 Interest expense, net 35.5 14.0 Provision for income taxes 15.4 17.6 Depreciation and amo
Slide 17: 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 Ended Ended May 2, 2026 April 26, 2025 Income before income taxes $118.8 $ 92.6 Interest (income) expense, net - - Depreciation
Slide 18: 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 Ended Ended May 2, 2026 April 26, 2025 Income before income taxes $23.8 $- Interest (income) expense, net (0.4) - Depreciatio
Slide 19: Reconciliation: Free Cash Flow
RECONCILIATION OF NON-GA AP FINANCIAL MEASURES TO COMPARABLE GA AP FINANCIAL MEASURES FREE CASH FLOW UNAUDITED $ MILLIONS Quarter Quarter Ended Ended May 2, 2026 April 26, 2025 Net cash provided by operating activities $ (24.6) $ (54.0) Less: Net capital expenditures Capital expenditures (70.3) (79.
Slide 20: Notes
NOTES 1. AT&T and Verizon each exceeded 10% of total revenues for Q1 2027. 2. The Company excludes amortization of intangible assets from its Non-GAAP Adjusted Net Income beginning with the results reported for the fourth quarter and fiscal year ended January 31, 2026. Amortization of intangible ass
Slide 21: 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 21
Slide 22: The People Connecting America
THE PEOPLE CONNECTING AMERICA ®