Dycom Industries, Inc. (DY), on Wednesday, reported higher net income in the first quarter compared with the previous year.
For the first quarter, net income increased to $91.29 million from $61.05 million in the previous year.
Earnings per share were $3 versus $2.09 last year.
On the adjusted basis, net income increased to $134.32 million from $69.96 million in the prior year.
Adjusted earnings per share were $4.42 versus $2.39 last year.
Adjusted EBITDA rose to $262.47 million from $150.36 million in the prior year.
Contract revenue increased to $1.96 billion from $1.26 billion in the previous year.
Looking ahead, the company raised its full-year 2027 contract revenue guidance to $7.38 billion to $7.65 billion from the previous outlook of $6.85 billion to $7.15 billion.
For the second quarter of 2026, the company expects contract revenue to be at $1.94 billion to $2.01 billion and adjusted EBITDA of $284 million to $303 million with adjusted earnings per share of $4.40 to $4.82.
In the pre-market trading, Dycom Industries is 24.37% higher at $523 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.