Strong sales growth and record congestion

• Revenue: 1.259 billion US dollars, an increase of 10.2% compared to the first quarter of 2025.

• Adapted EBITDA: $ 150.4 million, which corresponds to 11.9% of the income, which corresponds to an increase of 14.9% compared to the first quarter of 2025.

• Net income: 61 million dollars.

• Diluted EPS: USD 2.09 per share.

• Share returns: 200,000 shares for $ 30.2 million.

• Residue: 8.1 billion US dollars, at 4.7 billion US dollars in the next 12 months.

• Operating cash flow: Used in quarter 54 million US dollars.

• DSOS: 111 days, a reduction of three days in a row from Q4 2025.

• Take instructions for the 2026 financial year: Rose to a range of 5.29 billion US dollars to $ 5.425 billion.

• Q2 Fiscal 2026 Outlook: Sales of 1.38 billion US dollars up to $ 1.43 billion, adjusted EBITDA from $ 185 million to $ 200 million and an EPS from USD $ 3.05 per share.

Appearance date: May 21, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Dycom Industries Inc (NYSE: DY) exceeded the upper end of her guidelines for the quarter for all metrics, including sales, adjusted EBITDA and EPS.

• The company recorded an increase in sales by 10.2% in the first quarter compared to the first quarter of 2025 and reached $ 1.259 billion.

• Dycom Industries Inc (NYSE: DY) has a record change of 8.1 billion US dollars, including 4.7 billion US dollars, which will be completed in the next 12 months.

• The company has diversified its customer base and services in the field of telecommunications and digital infrastructure, which reduces the dependency on each individual customer.

• Dycom Industries Inc (NYSE: DY) increased its sales expectations for the year to a range of 5.29 billion US dollars to $ 5.425 billion, which indicates future growth.

• Despite strong performance, Dycom Industries Inc (NYSE: DY) with macroeconomic uncertainties, including tariffs and international trade measures that could affect future operations.

• The operative cash flows used in the quarter were $ 54 million, which contradicts the seasonal use of cash and support for sales growth.

• The company monitors the effects of the tariff exactly, which could lead to cost increases from some device components off the coast.

• Dycom Industries Inc (NYSE: DY) has not included any income from the pearl program in the outlook for the 2026 financial year, which indicates uncertainty in this area.

• The combined DSOs of the company of claims and contractual assets were 111 days, which indicates that the cash flow management has been improved.

Q: Dan, you noticed the strong performance of Black & Veatch. Is this more of an attraction of the activity or have you seen a greater opportunity here? Could you also help to welcome the maintenance business for Dycom? A: The performance of Black & Veatch is a mixture of forward and ramps faster than expected. The maintenance business is a central part of our strategy and offers recurring income and stability. Historically, it was over 50% of our business.