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DYCOM INDUSTRIES INC
Water, Sewer, Pipeline, Comm & Power Line Construction · FL · CIK 67215
DYCOM INDUSTRIES INC provides communications and building systems contracting services
red 8-K · 90d
$14.08B
Market cap
$506.80
Last close
+3.8%
1D
+8.3%
5D
468K
Volume
Price · last 39 sessions+18.0%
May 4L $411.20 · H $535.20Jun 29
326
Total filings
Jun 1, 2026
Last filing
01/30
Fiscal year end
8-KExecutive Change · Shareholder VoteJun 1, 202610-Q10-QMay 28, 20268-KResults of OperationsMay 27, 2026DEFA14ADEFA14AApr 16, 2026DEF 14ADEF 14AApr 16, 20268-KExecutive ChangeMar 24, 20268-K/ACompany UpdateMar 10, 202610-K10-KMar 9, 20268-KResults of OperationsMar 4, 20268-KMaterial Agreement · New Debt / ObligationJan 27, 20268-KMaterial Agreement · Acquisition / DispositionDec 23, 20258-KExecutive ChangeDec 19, 20258-K/AMaterial Agreement · Equity IssuanceNov 21, 202510-Q10-QNov 20, 20258-KDelisting Notice · Material AgreementNov 19, 20258-KResults of OperationsNov 19, 20258-KExecutive ChangeNov 10, 20258-KExecutive ChangeOct 7, 202510-Q10-QAug 21, 20258-KResults of OperationsAug 20, 20258-KBylaw AmendmentJun 17, 20258-KExecutive Change · Shareholder VoteMay 27, 20258-KReg FD DisclosureMay 22, 202510-Q10-QMay 22, 20258-KReg FD DisclosureMay 21, 20258-KResults of OperationsMay 21, 2025DEFA14ADEFA14AApr 11, 2025DEF 14ADEF 14AApr 11, 20258-KReg FD DisclosureMar 3, 202510-K10-KFeb 28, 20258-KReg FD DisclosureFeb 27, 20258-KResults of OperationsFeb 26, 20258-KExecutive ChangeFeb 18, 20258-KExecutive ChangeDec 2, 20248-KReg FD DisclosureNov 25, 202410-Q10-QNov 21, 20248-KReg FD DisclosureNov 20, 20248-KResults of OperationsNov 20, 20248-KExecutive ChangeOct 11, 20248-KExecutive ChangeOct 7, 20248-KReg FD DisclosureAug 23, 20248-KBylaw AmendmentAug 23, 202410-Q10-QAug 22, 20248-KReg FD DisclosureAug 21, 20248-KResults of OperationsAug 21, 20248-KExecutive ChangeJun 17, 20248-KReg FD DisclosureMay 24, 20248-KShareholder VoteMay 23, 202410-Q10-QMay 23, 20248-KReg FD DisclosureMay 23, 20248-KResults of OperationsMay 22, 20248-KMaterial Agreement · New Debt / ObligationMay 17, 2024DEFA14ADEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALSApr 12, 2024DEF 14ADEFINITIVE PROXY STATEMENTApr 12, 20248-KExecutive ChangeMar 26, 20248-KReg FD DisclosureMar 4, 202410-K10-KMar 1, 20248-KReg FD DisclosureFeb 28, 20248-KResults of OperationsFeb 28, 20248-KExecutive ChangeJan 5, 20248-KReg FD DisclosureNov 22, 202310-Q10-QNov 22, 20238-KReg FD DisclosureNov 21, 20238-KResults of OperationsNov 21, 20238-KReg FD DisclosureAug 24, 202310-Q10-QAug 24, 20238-KReg FD DisclosureAug 23, 20238-KCompany UpdateAug 23, 20238-KResults of OperationsAug 23, 2023SC 13GSC 13GAug 15, 20238-KExecutive ChangeJun 14, 20238-KExecutive Change · Shareholder VoteMay 26, 20238-KReg FD DisclosureMay 25, 202310-Q10-QMay 25, 20238-KReg FD DisclosureMay 24, 20238-KResults of OperationsMay 24, 20238-KCompany UpdateMay 9, 2023DEFA14ADEFINITIVE ADDITIONAL PROXY SOLICITING MATERIALSApr 14, 2023DEF 14ADEFINITIVE PROXY STATEMENTApr 14, 20238-KReg FD DisclosureMar 6, 2023
Insider Activity
In the 90 days to Jan 9, 2026: 1 sold $1.3M.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Jan 9, 2026 | Gertel EitanDirector | Sell | 3,645 | $345.62 | $1.3M |
Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.
What Changed
Risk factors · Feb 28, 2025 → Mar 9, 2026412 added · 388 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- For example, on December 23, 2025, we completed our acquisition of Power Solutions, LLC, a specialty electrical contracting business (the “Power Solutions Acquisition”).
- Additionally, with the acquisition of Power Solutions, LLC (“Power Solutions”) in the fourth quarter of fiscal 2026, we provide comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities.
- Building Systems Segment During fiscal 2026, following the acquisition of Power Solutions, the CODM reevaluated the Company’s reportable segments, which resulted in the addition of the Building Systems segment as a component of management’s internal financial information used for operational decision-making.
- If our financial results fall below anticipated levels, we may be unable to comply with these covenants and a default under our Credit Agreement could result in the acceleration of our obligations under both our Credit Agreement and the indenture governing the 2029 Notes, which could adversely affect our liquidity and our ability to execute our business strategy. 19 Table of Contents The specialty contracting services industry in which we operate is highly competitive.
- Revenues for Verizon Communications, Inc. includes revenue attributable to Frontier Communications Corporation retrospectively for all periods presented as a result of its acquisition by Verizon Communications, Inc. on January 20, 2026.
- On February 2, 2026, AT&T Inc. completed its acquisition of substantially all of the mass markets fiber business from Lumen Technologies Inc.
- The indenture governing the 2029 Notes includes cross-acceleration and cross-default provisions with our Credit Agreement.
- Available Information Copies of our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports are available, free of charge, on our website, www.dycomind.com, as soon as reasonably practicable after we file these reports with, or furnish these reports to, the SEC.
- Demand for high-speed and low-latency connectivity is expanding, driven by data-intensive applications and mobile usage, necessitating extensive wireline network upgrades and extensions, new and expanding fiber and electrical infrastructure for data centers to meet the current and future needs of cloud compute and artificial intelligence (“AI”), and advanced wireless network deployments.
- We generally target companies for acquisition that have defensible leadership positions in their market niches, the opportunity to generate profitability that meets or exceeds industry averages, proven operating histories, sound management and certain clearly identifiable cost synergies.
- Additionally, the continued consolidation of the telecommunications industry could result in the loss of a customer if, as a result of a merger or acquisition involving one or more of our customers, the surviving entity chooses to use one of our competitors for the services we currently provide.
- We generate a significant majority of our revenues from our Communications segment customers, many of whom provide certain fiber-related services for hyperscaler and data center projects, and from our new Building Systems segment customers who focus on data center infrastructure to support AI needs.
No longer disclosed
- This acquisition expands our geographic presence and our customer base. 25 Table of Contents During the first quarter of fiscal 2025, we acquired a telecommunications construction contractor for $16.0 million ($12.8 million purchase price, plus cash acquired of $3.2 million).
- The purchase price allocations of the companies acquired in fiscal 2025 are preliminary and will be completed when valuations for intangible assets and other amounts are finalized within the 12-month measurement period from the date of acquisition.
- Specifically, if the discount rate applied in the fiscal 2025 impairment analysis had been 100 basis points higher than estimated for each of the reporting units, and all other assumptions were held constant, the conclusion of the assessment would remain unchanged and there would be no impairment of goodwill.
- The following table provides a reconciliation of net income to Non-GAAP Adjusted EBITDA (dollars in thousands): Fiscal Year Ended January 25, 2025 January 27, 2024 Net income $ 233,413 $ 218,923 Interest expense, net 60,994 52,603 Provision for income taxes 74,377 73,076 Depreciation and amortization 198,571 163,092 Earnings Before Interest, Taxes, Depreciation & Amortization (“EBITDA”) 567,355 507,694 Gain on sale of fixed assets (36,461) (28,348) Stock-based compensation expense 40,320 25,457 Acquisition integration costs 4,163 — Loss on debt extinguishment 965 — Non-GAAP Adjusted EBITDA (1) $ 576,342 $ 504,803 Non-GAAP Adjusted EBITDA % of contract revenues (1) 12.3 % 12.1 % (1) The impacts of a change order and the closeout of several projects increased contract revenues by $26.5 million and contributed $23.6 million to Adjusted EBITDA for the fiscal year ended January 27, 2024.
- We performed our annual impairment assessment for fiscal 2025, fiscal 2024, and fiscal 2023, and concluded that no impairment of goodwill or the indefinite-lived intangible asset was indicated at any reporting unit for any of the periods.
- Management’s Discussion and Analysis of Financial Condition and Results of Operations - Results of Operations” section in our Annual Report on Form 10-K for the fiscal year ended January 27, 2024, filed on March 1, 2024.
- Recent operating performance, along with assumptions for specific customer and industry opportunities, were considered in the key assumptions used during the fiscal 2025 impairment analysis.
- The increase in total general and administrative expenses primarily resulted from increased administrative, payroll, performance based compensation, $11.4 million incremental stock based compensation expense resulting from the CEO transition, acquisition costs, $4.2 million acquisition integration costs and other costs, including incremental general administrative expenses from acquired businesses.
- The table below outlines certain assumptions used in our annual quantitative impairment analyses for fiscal 2025, fiscal 2024, and fiscal 2023;
- These agreements include discrete pricing for individual tasks including, for example, the placement of underground or aerial fiber, directional boring, and fiber splicing, each based on a specific unit of measure.
- These agreements include discrete pricing for individual tasks including, for example, the placement of underground or aerial fiber, directional boring, and fiber splicing, each based on a specific unit of measure.
- Understanding Our Results of Operations The following information is presented so that the reader may better understand certain factors impacting our results of operations, and should be read in conjunction with Critical Accounting Policies and Estimates below, as well as Note 2, Significant Accounting Policies & Estimates , in the Notes to the Consolidated Financial Statements in this Annual Report on Form 10-K.
In the News
Investor's Business DailyDycom, Broadcom Lead A Whopping 30 Newcomers To IBD 50, Other Best Stock Lists1mo agoBarron'sDycom Stock Soars 26%. The Building Boom Continues.1mo ago
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