Shares of Dycom Industries (NYSE:DY) gained more than 2% in premarket trading after the telecommunications infrastructure services provider reported fourth-quarter fiscal 2026 results that surpassed Wall Street expectations on both earnings and revenue.
The company reported earnings per share of $2.03 for the quarter, ahead of the analyst consensus estimate of $1.80. Revenue climbed 34.4% year over year, or 16.6% on an organic basis, reaching $1.46 billion and exceeding forecasts of $1.33 billion.
Adjusted EBITDA totaled $162.4 million for the quarter, representing 11.1% of contract revenues. The adjusted EBITDA margin improved by 41 basis points to 11.1%.
Dycom also reported a total backlog of $9.542 billion.
“Our strong fourth quarter performance closed a record year for Dycom, with ramping organic growth, meaningful margin expansion and increased Free Cash Flow,” said Dan Peyovich, Dycom’s President and CEO.
Looking ahead, the company issued first-quarter fiscal 2027 guidance broadly in line with market expectations. Dycom projected earnings per share between $2.57 and $2.90, compared with the analyst consensus estimate of $2.79.
The company expects adjusted EBITDA to range from $202 million to $218 million, with contract revenues forecast between $1.64 billion and $1.71 billion.
For the full fiscal year 2027, Dycom anticipates contract revenues will reach between $6.85 billion and $7.15 billion.