Dycom Industries, Inc. (NYSE:DY) stock rose Wednesday after the company reported first-quarter results that topped Wall Street expectations and raised its fiscal 2027 revenue outlook above analyst estimates, supported by strong demand for fiber infrastructure and data center construction.
Earnings Details
Contract revenue rose 56.1% year over year to $1.97 billion, beating analyst estimates of $1.67 billion. Organic revenue increased 24.7% during the quarter.
Adjusted EBITDA climbed 74.6% from a year earlier to $262.5 million, representing 13.4% of contract revenue.
Adjusted earnings increased 84.9% year over year to $4.42 per share.
