Power Solutions Posts $95.8M Revenue and 11.6% Margin in Q4
Power Solutions segment (Building Systems) reported revenue of $95.8 million for the partial quarter, with adjusted EBITDA of $11.1 million and an 11.6% margin. Dycom booked $1.209 billion of Building Systems backlog and guided FY27 segment revenue at $1.15–$1.25 billion with mid-teens EBITDA margin.
1. Building Systems Partial Quarter Results
Power Solutions contributed $95.8 million revenue for the period Dec. 23 through Jan. 31, delivering $11.1 million in adjusted EBITDA and an 11.6% segment margin as integration proceeded on schedule.
2. Backlog and Demand Drivers
Building Systems backlog reached $1.209 billion of Dycom’s $9.542 billion total, with $1.108 billion expected to be completed within 12 months, reflecting strong data center infrastructure demand.
3. FY27 Building Systems Guidance
Management forecasts Building Systems revenue of $1.15 to $1.25 billion in fiscal 2027, expecting a mid-teens adjusted EBITDA margin as the segment scales to meet data center growth.
4. Acquisition Financing and Integration
Dycom’s $1.95 billion cash-free, debt-free acquisition of Power Solutions was funded by a $1.1 billion Term Loan A, a $600 million bridge loan and cash, with an $800 million Term Loan B issued later to refinance the bridge; integration progress and cross-sell opportunities are on track.