Dycom Inds Inc SEC Filings

Dycom Industries (DY) reported strong results for the quarter ended October 25, 2025, with contract revenues rising to $1,451.8 million from $1,272.0 million and net income increasing to $106.4 million from $69.8 million. Quarterly diluted earnings per share climbed to $3.63 from $2.37, while nine-month revenues grew to $4,088.3 million from $3,617.5 million and nine-month diluted EPS rose to $9.05 from $6.81. Operating cash flow improved sharply to $223.5 million for the nine months compared with $20.9 million a year earlier, supporting capital spending of $186.4 million and share repurchases of $30.2 million. The balance sheet showed total assets of $3.32 billion and long-term debt of $919.5 million, with $596.4 million of revolver availability. Dycom remains heavily exposed to large telecom customers, with AT&T and Lumen representing 24.9% and 11.7% of quarterly revenues, respectively. After quarter-end, Dycom agreed to acquire Power Solutions for a preliminary $1.95 billion in cash and stock, backed by new term loan, bridge, and backstop debt commitments.

Dycom Industries agreed to acquire Power Solutions, LLC for a base purchase price of $1,950,000,000 under a unit purchase agreement. The consideration will be a mix of cash and 1,011,069 shares of Dycom common stock valued at $292,500,000, equal to 15% of the base price and based on a 10-day volume weighted average price, with customary closing and post-closing adjustments paid in cash. Dycom obtained committed financing that includes a $1,000 million senior secured term loan A facility, a $700 million 364-day senior secured bridge facility, and a $445 million senior secured term loan A backstop facility to refinance existing debt and fund the transaction and related costs. Closing is subject to regulatory approvals, third-party consents, absence of legal restraints and a Company Material Adverse Effect, and other customary conditions, with an outside termination date of May 18, 2026, and the stock consideration will be issued as restricted, unregistered securities in reliance on Section 4(a)(2) of the Securities Act.

Dycom Industries, Inc. reported its fiscal 2026 third quarter results and issued forward guidance in a press release dated November 19, 2025. The company also prepared a slide presentation for a webcast and conference call on the same date to discuss these results and outlook. Both the press release and the slides are furnished as exhibits to this report rather than being formally filed, which limits their use for certain legal purposes.

Dycom Industries (DY) reported that a director received 337 restricted stock units on November 7, 2025 under a Form 4 filing. Each RSU represents the right to receive one share of Dycom common stock.

The RSUs vest in a single installment on November 7, 2026, and no consideration was paid for the award. Following the transaction, the reporting person beneficially owned 337 units on a direct basis.

Dycom Industries (DY) reported a director’s initial Form 3. The filing states the director beneficially owns no securities. The event date is 11/07/2025, and the form was filed by one reporting person.

Dycom Industries (DY) appointed Stephen O. LeClair to its Board of Directors, effective immediately. His term runs until the 2026 Annual Meeting of Shareholders, and the Board increased its size from nine to ten members. The Board determined he is independent under NYSE rules and company guidelines, and he has not been assigned to any committees.

LeClair, Executive Chair of Core & Main and former CEO, will receive an annual retainer of $80,000, paid quarterly, and a grant of restricted stock units valued at $175,000 based on the November 7, 2025 closing price, both prorated to his start date. He will also receive standard meeting fees for fiscal 2026.

Dycom Industries (DY) disclosed an insider transaction by a director. On 10/27/2025, the director reported an acquisition (Transaction Code A) of 52 shares of common stock at $284.16 per share. Following the transaction, the director beneficially owns 433 shares, held directly.

Dycom Industries (DY) reported that a director acquired 44 shares of common stock at $284.16 per share on 10/27/2025.

Following this transaction, the director beneficially owns 9,661 shares, held directly. No derivative securities were reported.

Philip R. Gallagher, a director of Dycom Industries, Inc. (DY), received 381 restricted stock units (RSUs) on 10/07/2025. Each RSU represents the right to one share of common stock and vests in one annual installment on 10/07/2026. The award was granted at $0.00 consideration, meaning no cash was paid for the RSUs. After the grant, Mr. Gallagher beneficially owns 381 shares through these RSUs, held in a direct ownership form. The Form 4 was filed jointly by one reporting person and signed under power of attorney on 10/08/2025.