Every material Form 8-K Dycom Industries filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dycom Industries closed its acquisition of Power Solutions, an electrical contractor serving data centers, on December 23, 2025, paying about $1.6 billion in cash and issuing 1,011,069 shares. The company also amended its credit agreement, raising its term loan and revolver commitments and adding a $600.0 million bridge facility, which increases its debt load. The company says the deal is expected to be accretive to Adjusted EBITDA margin and Adjusted Diluted EPS.
Cash paid at closing of about $1.6 billion, plus 1,011,069 shares issued to the seller
Term Loan A increased to $1,540 million from $440 million; Revolving Credit Facility increased to $800.0 million from $650.0 million
New $600.0 million 364-day senior secured bridge loan facility; maturities extended to December 23, 2030
Cash consideration remains subject to post-closing adjustments; financial statements and pro forma information to be filed by amendment
Dycom Industries director Luis Avila-Marco notified the board on December 18, 2025, that he will retire at the 2026 Annual Meeting of Shareholders rather than seek reelection. The company said the decision did not stem from any disagreement over its operations, policies or practices, and it expects to reduce the board from 10 to 9 members after his retirement.
Director Luis Avila-Marco notified the board on December 18, 2025 of his decision
He will retire from the board as of the 2026 Annual Meeting of Shareholders
No disagreement with the company on operations, policies or practices, per the filing
Board size expected to fall from 10 to 9 members upon his retirement
Dycom Industries agreed on November 18, 2025 to acquire Power Solutions, LLC from Project Eastern Shore, LLC for a base price of $1.95 billion, subject to post-closing adjustments. The stock portion is 1,011,069 Dycom shares valued at $292.5 million, and the rest is paid in cash, backed by new debt commitments. Shareholders should note the new share issuance and the added borrowing, and that closing depends on regulatory waiting periods and other conditions.
Base price of $1.95 billion, with stock of 1,011,069 shares valued at $292,500,000 and the remainder in cash
Debt commitments include a $1,000 million term loan A, a $700 million 364-day bridge loan and a $445 million term loan A backstop
Closing is not required before December 22, 2025, and the agreement has an outside date of May 18, 2026
Closing is subject to Hart-Scott-Rodino waiting period expiration and other customary conditions
Dycom Industries reported fiscal 2026 third-quarter results for the quarter ended October 25, 2025, with contract revenues up 14.1% to $1.452 billion and GAAP net income up to $106.4 million, or $3.63 per diluted share, from $69.8 million, or $2.37, a year earlier. The company raised the midpoint of its fiscal 2026 revenue outlook to a range of $5.350 billion to $5.425 billion and gave fourth-quarter guidance for contract revenues of $1.26 billion to $1.34 billion and diluted EPS of $1.30 to $1.65.
Q3 contract revenues were $1.452 billion, up 14.1%; organic revenue growth was 7.2%
GAAP diluted EPS was $3.63 versus $2.37 a year earlier; net income was $106.4 million versus $69.8 million
Fiscal 2026 contract revenue outlook is $5.350 billion to $5.425 billion, with the midpoint raised
Fourth-quarter fiscal 2026 guidance (quarter ending January 31, 2026): diluted EPS of $1.30 to $1.65
Dycom Industries named Stephen O. LeClair, Executive Chair of Core & Main, to its Board of Directors effective immediately, with a term running until the 2026 Annual Meeting of Shareholders. The Board also approved increasing its size from nine to ten members. The filing discloses his director pay but does not report any financial results or guidance.
LeClair's director pay includes an $80,000 annual retainer and restricted stock units with a grant date fair value of $175,000, both prorated for his start date.
The Board determined LeClair is independent under NYSE rules and has not assigned him to any committees.
LeClair was CEO of Core & Main from August 2017 to March 2025 and remains its Executive Chair, and he has served on the AAON board since 2017.
Dycom Industries named Phillip R. Gallagher, current CEO of Avnet, Inc., to its Board of Directors effective immediately, with a term running until the 2026 Annual Meeting of Shareholders. The board also increased its size from eight to nine members. The filing says Gallagher was determined to be independent and has not been assigned to any board committees.
Phillip R. Gallagher appointed to Dycom's board effective October 7, 2025, serving until the 2026 Annual Meeting of Shareholders
Board size increased from eight to nine members
Gallagher to receive an annual retainer of $80,000 and restricted stock units with a grant date fair value of $175,000, both prorated for his start date
Gallagher has served as CEO of Avnet, Inc. since November 2020 and began his career at Dycom in 1982
Dycom reported fiscal 2026 second-quarter results for the period ended July 26, 2025, with contract revenues up 14.5% to $1.378 billion and GAAP net income up 42.5% to $97.5 million. The company reaffirmed its full-year fiscal 2026 contract revenue outlook of $5.290 billion to $5.425 billion and gave a third-quarter outlook, which shareholders can use to compare future results with the company's expectations.
Q2 GAAP diluted EPS was $3.33, up from $2.32 a year earlier; Adjusted EBITDA was $205.5 million, or 14.9% of contract revenues, up 29.8%
Organic contract revenue growth was 3.4%; revenue from acquired businesses was $139.8 million versus $5.7 million a year earlier
Fiscal 2026 contract revenue outlook of $5.290 billion to $5.425 billion was reaffirmed, excluding storm restoration revenue
Q3 fiscal 2026 outlook (quarter ending October 25, 2025): contract revenues $1.38 billion to $1.43 billion, Adjusted EBITDA $198 million to $213 million, diluted EPS $3.03 to $3.36
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Dycom Industries filing is on SEC EDGAR ↗. 8-K briefs of other companies →