The infrastructure contractor raised full-year guidance to $7.38 billion–$7.65 billion after Q1 beat driven by fiber-to-the-home projects.
Dycom Industries raised its full-year revenue guidance to $7.38 billion–$7.65 billion, citing robust demand for fiber-to-the-home builds and digital infrastructure projects. The company reported a 25% sequential backlog growth, reflecting longer-duration contracts as customers secure labor through the decade.
First-quarter performance exceeded internal projections, with the Building Systems segment outperforming due to integration gains and strong demand. Management emphasized margin discipline and cash flow improvement, noting a 15-day year-over-year reduction in Days Sales Outstanding.
The Communications segment is expected to see modest margin gains, while Building Systems aims to sustain high-teens margins in fiscal 2027. The outlook assumes 14% organic growth and continued demand across both segments.