Dycom Posts 56% Revenue Growth, Adds Data Center Acquisition, Boosts Outlook
DY•Dycom reported Q1 fiscal 2027 revenue of $1.965 billion, up 56% year-over-year, with adjusted EBITDA of $262.5 million (13.4% margin) and adjusted EPS of $4.42, driving backlog to a record $11.9 billion. The company raised full-year revenue guidance to $7.38 billion-$7.65 billion and agreed to acquire National Technology Integrators to bolster data center capabilities.
1. Q1 2027 Financial Results
Dycom delivered total revenues of $1.965 billion in Q1 fiscal 2027, a 56% increase year-over-year, including 25% organic growth. Adjusted EBITDA rose 75% to $262.5 million, translating to a 13.4% margin, while adjusted EPS climbed 85% to $4.42; days sales outstanding improved by 15 days to 96 days.
2. Backlog and Full-Year Outlook
The company ended the quarter with a record backlog of $11.9 billion, up 25% sequentially, and lifted its full-year revenue guidance to a range of $7.38 billion-$7.65 billion, projecting 38% growth. Pro forma net leverage stands at approximately 2.3 times adjusted EBITDA, supported by a cash balance of $538.8 million.
3. Strategic Acquisition and Share Actions
Dycom entered a definitive agreement to acquire National Technology Integrators for $275 million to expand data center and structured cabling services, creating cross-selling opportunities with hyperscalers. The company also repurchased 100,000 shares for $36 million, underscoring confidence in its cash flow and long-term growth prospects.
