戴康工业 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended May2, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________ to ________ (Exact name of registrant as specified in its charter) Florida 59-1277135 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation ororganization) 300 Banyan Blvd., Suite 1101West Palm BeachFL33401(Address of principal executiveoffices, including zip code) Registrant’s telephone number, including area code: (561) 627-7171 Securities registered pursuant to Section 12(b) of the Act: New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreportingcompany,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct.Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ There were 30,031,455 shares of common stock with a par value of $0.33 1/3 outstanding at May26, 2026. Dycom Industries, Inc.Table of Contents PART I - FINANCIAL INFORMATION Item 1.Financial Statements3Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations28Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures40 PART II - OTHER INFORMATION Item 1.Item 1A.Item 2.Item 5.Item 6. Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOther InformationExhibits SIGNATURES 43 PART I - FINANCIAL INFORMATION Item 1. Financial Statements. DYCOM INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in thousands, except share amounts)(Unaudited) May 2, 2026January 31, 2026 DYCOM INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollars in thousands)(Unaudited) Capital expenditures(70,315)(79,499)Proceeds from sale of assets2,78710,900Cash paid for acquisitions, net of cash acquired(12,828)—Net cash used in investing activities(80,356)(68,599) Table of Contents NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of Presentation Dycom Industries, Inc. (“Dycom,” the “Company,” “we,” “our,” or “us”) is a leading provider of specialty contracting servicesfocused on the digital infrastructure, telecommunications and utilities industries throughout the United States. These services includeprogram management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillmentservices for telecommunications and digital infrastructure providers. We also provide underground facility locating services for variousutilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities.Additionally, with the acquisition of Power Solutions, LLC (“Power Solutions”) in the fourth quarter of fiscal 2026, we providecomprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for datacenters and other critical facilities. Dycom supplies the labor, tools, and equipment necessary to provide these services to itscustomers. Accounting Period.Our fiscal year ends on the last Saturday in January. As a result, each fiscal year consists of either 52 weeks or53 weeks of operations (with the additional week of operations occurring in the fourth quarter). Fiscal 2027 consists of 52 weeks ofoperations, while fiscal 2026 consisted of 53 weeks of operations. The accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries, all of which arewholly-owned, have been prepa