FOR IMMEDIATE RELEASE
Dycom Industries Announces Strategic Expansion of Digital Infrastructure Ecosystem, Record Annual Results, and Key Executive Appointments to Drive AI-Optimized Growth
WEST PALM BEACH, FL – April 18, 2026 – Dycom Industries, Inc. (NYSE: DY), a leading national provider of specialty contracting services, today announced a comprehensive strategic expansion designed to capitalize on the unprecedented demand for digital infrastructure. Following a fiscal year defined by record-breaking financial performance, the company is formalizing its entry into the high-growth data center market through the full integration of Power Solutions, LLC, and the appointment of key executive leadership to steer its next phase of AI-driven evolution.
A Landmark Year: Record Financial Performance and Market Dominance
Dycom’s fiscal year 2026 results underscore the company’s pivotal role in the modernization of American connectivity. The company reported record annual contract revenues of $5.546 billion, representing a robust 17.9% increase over the previous fiscal year. This growth was further bolstered by a massive expansion in total backlog, which surged to $9.542 billion—a 23.0% year-over-year increase—signaling a multi-year runway of secured projects.
“Our performance this past year is a testament to the essential nature of the services we provide,” said Dan Peyovich, President and CEO of Dycom Industries. “As the nation transitions into an era of ubiquitous high-speed fiber and AI-integrated networks, Dycom has scaled its operations to meet the moment. We are not just building networks; we are constructing the foundation of the 21st-century economy.”
Strategic Pivot: The Data Center Frontier
A cornerstone of Dycom’s growth strategy is the successful acquisition and integration of Power Solutions, LLC, a premier electrical infrastructure provider based in the Maryland-Virginia-D.C. corridor—the world’s most dense data center hub. The $1.6 billion acquisition brings more than 2,900 highly skilled professionals into the Dycom family, providing the company with immediate, high-tier expertise in mission-critical electrical systems.
The integration of Power Solutions marks the launch of Dycom’s new Building Systems segment. This division is specifically designed to address the unique needs of hyperscale data centers, which are currently undergoing rapid expansion to support the processing power required by Generative AI and advanced cloud computing. By combining its traditional strengths in “outside the fence” fiber deployment with Power Solutions’ “inside the fence” electrical mastery, Dycom now offers a truly end-to-end infrastructure solution.
Visionary Leadership: Steering the AI Transformation
To navigate this expanding landscape, Dycom has announced two critical additions to its executive leadership team:
- Regina Salazar as Senior Vice President and Chief Information and Digital Officer (CIDO): Effective April 6, 2026, Ms. Salazar joins Dycom with over 30 years of experience in leading large-scale digital evolutions. Formerly the Chief Digital Officer at Novelis and a senior IT executive at Whirlpool, Salazar is tasked with integrating AI-driven solutions across Dycom’s vast enterprise. Her focus will be on leveraging predictive analytics and machine learning to optimize field operations, enhance safety protocols, and deliver superior value to customers.
- Bo Gresham as the Company’s First Chief Revenue Officer (CRO): In a move that highlights Dycom’s commitment to internal talent and operational excellence, Bo Gresham has been elevated to the newly created role of CRO. Gresham’s 30-year journey—beginning as a “ground hand” in the field and rising to the C-suite—embodies the “Dycom Spirit.” His deep-rooted understanding of field operations, combined with strategic acumen, will ensure that Dycom’s revenue strategies remain aligned with the evolving technical needs of its diverse client base.
Investing in the Future: The Flagship Training Campus
Recognizing that a skilled workforce is the ultimate competitive advantage in the infrastructure sector, Dycom is breaking ground this month on a 49-acre flagship workforce training center in Monroe, Georgia.
Expected to open in mid-2027, this state-of-the-art campus will feature:
- A Simulated Town: A real-world environment for technicians to practice fiber deployment, utility splicing, and underground construction in a controlled, high-fidelity setting.
- Mission-Critical Mock Environments: Dedicated facilities for immersive training on the complex electrical systems required for modern data centers.
- Safety-First Curriculum: An intensive program designed to instill Dycom’s industry-leading safety standards from day one.
- On-Site Housing: Facilities to accommodate hundreds of trainees simultaneously, ensuring a consistent pipeline of talent for Dycom’s 38 operating companies nationwide.
“The complexity of today’s digital infrastructure favors a scaled, high-quality workforce,” noted Peyovich. “This flagship center is our ‘engine’ for growth, ensuring that as technology advances, our people are the most prepared in the industry.”
Market Outlook and Future-Proofing
Looking toward fiscal year 2027, Dycom has issued a confident revenue guidance range of $6.85 billion to $7.15 billion. This outlook is driven by several key tailwinds:
- The Multi-Year Fiber Cycle: Sustained demand from major telecommunications providers for fiber-to-the-home (FTTH) and middle-mile deployments.
- Federal Funding: The continued rollout of the Broadband Equity, Access, and Deployment (BEAD) program and other infrastructure initiatives.
- AI Infrastructure Demand: The accelerating need for both the physical buildings (Data Centers) and the high-speed fiber connections that power AI workloads.
By aligning its capital allocation with these high-growth sectors and investing heavily in digital transformation and human capital, Dycom Industries is positioned to remain the partner of choice for the builders of the digital future.
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About Dycom Industries, Inc.
Dycom Industries, Inc. is a leading provider of specialty contracting services throughout the United States. These services include program management, engineering, construction, maintenance, and fulfillment services for telecommunications providers, as well as underground facility locating services for various utilities. Additionally, Dycom provides electrical contracting services to the data center and other vital infrastructure industries. For more information, please visit www.dycomind.com.
About Power Solutions, LLC
A Dycom company, Power Solutions is a premier provider of mission-critical electrical infrastructure solutions. With a focus on the world’s largest data center markets, Power Solutions delivers high-quality execution for the most complex electrical requirements in the industry.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, but are not limited to, the integration of acquisitions, the timing of project rollouts, labor availability, and broader economic conditions. Dycom undertakes no obligation to update any forward-looking statement.
Media Contact:
Office of Communications
Dycom Industries, Inc.
11780 U.S. Highway 1, Suite 600
West Palm Beach, FL 33408
Email: media.relations@dycomind.com
Phone: (561) 627-7171
Investor Relations Contact:
Director of Investor Relations
