Dycom Industries reported first-quarter fiscal 2027 adjusted earnings per share of $4.42, surpassing the Zacks Consensus Estimate of $2.73 by 61.9%, while contract revenues of $1.96 billion beat the consensus of $1.67 billion by 18.0% and grew 56.1% year over year. The company raised its full-year fiscal 2027 contract revenue guidance to between $7.38 billion and $7.65 billion, up from the prior range of $6.85 billion to $7.15 billion, implying 33.1% to 37.9% year-over-year growth. Total backlog reached $11.91 billion, a 46.5% increase from a year ago, with $6.40 billion expected to be completed in the next 12 months. For the second quarter, Dycom expects contract revenues between $1.94 billion and $2.01 billion and adjusted EPS of $4.40 to $4.82. Shares have declined 7.8% since the last earnings report, underperforming the S&P 500.
Dycom Industries IncQ1 earnings and revenues beat estimates, and fiscal 2027 revenue guidance raised.