Slide 1: 2nd Quarter 2027 Results
THE PEOPLE CONNECTING AMERICA ® 2ND QUARTER 2027 RESULTS August 26, 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 Second Quarter Revenue and Strong Organic Growth “ Dycom delivered record organic first half revenue and increased profitability. Demand across our portfolio is stronger $ MILLIONS, except EPS Q2 2027 Q2 2026 Y/Y than ever, fueled by a generational Total Contract Revenues
Slide 4: Backlog
BACKLOG $ BILLIONS Next 12 Months Backlog Record Backlog Supports $11.906 $12.242 Multi-Year Visibility $7.989 $8.222 $9.542 +28% Total Backlog 1.4x Organic Book-to-Bill $6.472 $6.397 YTD 2027 YTD 2027 $6.358 $4.994 Recent project awards continue to diversify $4.604 backlog across customers, demand
Slide 5: Communications Segment
COMMUNICATIONS SEGMENT Q2 2027 Q2 2026 Y/Y Q2 2027 Key Performance Drivers $ MILLIONS • Strong revenue growth driven by robust fiber-to-the-home programs, Total Contract Revenues $ 1,608.4 $ 1,377.9 16.7% increased long-haul, middle-mile and inside-the-fence fiber infrastructure Adjusted EBITDA $ 21
Slide 6: Building Systems Segment
BUILDING SYSTEMS SEGMENT Q2 2027 Q2 2027 Key Performance Drivers $ MILLIONS • Robust quarterly results driven by continued strong operational execution, Total Contract Revenues $ 397.5 increased operating leverage, and favorable changes in cost estimates on Adjusted EBITDA $ 97.2 projects and scope
Slide 7: Debt and Liquidity Overview
DEBT SUMMARY Q2 2027 Q1 2027 $ MILLIONS 4.50% Senior Notes, mature April 2029 $ 500.0 $ 500.0 Senior Credit Facility:4 DEBT AND Term Loan Facility A, matures December 2030 1,540.0 1,540.0 LIQUIDITY Term Loan Facility B, matures January 2033 800.0 800.0 OVERVIEW Revolving Facility, matures December 2
Slide 8: Cash Flow Overview
CASH FLOW SUMMARY Q2 2027 Q2 2026 $ MILLIONS Operating cash flows $ 103.7 $ 57.4 Capital expenditures, net of proceeds from sale of assets $ (65.8) $ (39.1) Cash paid for acquisitions, net $ (225.5) $ - CASH FLOW of cash acquired OVERVIEW Borrowings on Senior Credit Facility $ - $ (4.0) Capital allo
Slide 9: Updated Fiscal 2027 Outlook
UPDATED FISCAL 2027 OUTLOOK FISCAL YEAR ENDING JANUARY 30, 2027 Based on its strong second quarter results and expectations for the remainder of the year, the Company is updating its full year fiscal 2027 outlook and now expects the following: TOTAL CONTRACT REVENUES $7.48 BILLION to $7.66 BILLION C
Slide 10: Q3 2027 Outlook
Q3 2027 OUTLOOK QUARTER ENDING OCTOBER 31, 2026 TOTAL CONTRACT REVENUES $1.90 BILLION to $1.98 BILLION NON-GAAP ADJUSTED EBITDA $281 MILLION to $302 MILLION NON-GAAP ADJUSTED DILUTED EPS2 $4.33 to $4.79 For additional information regarding the Company’s outlook, please see the “Outlook Expectations
Slide 11: Non-GAAP Reconciliations
NON-GA AP RECONCILIATIONS Q2 2027
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 Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 2025 August 1, 2026 July 26, 2025 Contract Revenues – GAAP
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 IN MILLIONS, EXCEPT PER SHARE AMOUNTS Quarter Quarter Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 20
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 Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 2025 August 1, 2026 July 26, 2025 Net income $115.6 $97.5 $206.9 $158.5 Interest e
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 Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 2025 August 1, 2026 July 26, 2025 Income before income ta
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 Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 2025 August 1, 2026 July 26, 2025 Income before income
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 Six Months Six Months Ended Ended Ended Ended August 1, 2026 July 26, 2025 August 1, 2026 July 26, 2025 Net cash provided by operating activities $103.7 $ 57.4 $7
Slide 19: Notes
NOTES 1. AT&T and Verizon exceeded 10% of total revenues for Q2 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 assets a
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 ®