Overview

*

Dycom Industries ( DY ) Q2 contract revenues rise 14.5% yr/yr to $1.378 bln

* GAAP diluted EPS hits record $3.33, up 35.4% yr/yr

* Net income increases 42.5% to $97.5 mln, driven by operational efficiency

Outlook

* Dycom expects fiscal 2026 revenue of $5.290 bln to $5.425 bln

* Company anticipates Q3 revenue between $1.38 bln and $1.43 bln

* Dycom forecasts Q3 adjusted EBITDA of $198 mln to $213 mln

* Company sees Q3 EPS between $3.03 and $3.36

Result Drivers

* CONTRACT REVENUE GROWTH - Contract revenues rose 14.5% to $1.378 bln, driven by both organic growth and contributions from acquired businesses

* OPERATIONAL EFFICIENCY - Improved margins were attributed to operational efficiency and operating leverage, according to CEO Dan Peyovich

* ACQUISITIONS - Revenue from acquired businesses contributed $139.8 mln to the qtr's total contract revenues

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $1.38

Contract bln

Revenue

Q2 EPS $3.33

Q2 Net $97.48

Income mln

Q2 $205.50

Adjusted mln

EBITDA

Q2 Basic $3.37

EPS

Q2 $131.12

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Dycom Industries Inc ( DY ) is $292.50, about 7.8% above its August 19 closing price of $269.57

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)