DY revenue +46% to $2.01B, net income +19% to $115.6M; $2.3B acquisitions add Building Systems

Filed August 27, 2026 · Period ending August 1, 2026 · Compared to 10-Q Aug 21, 2025 · ~2 min read

Key Changes

• high

  Power Solutions ($2.0B) and National Technology Integrators ($275M) acquisitions created new Building Systems segment, contributing $397.5M revenue (19.8% of total) in Q2 and expanding into data center electrical infrastructure and low-voltage engineering.

  MD&A: Acquisitions and Segment Creation verify on EDGAR →
• high

  Long-term debt increased 177% to $2.8B to fund acquisitions; interest expense rose 144% to $38.0M in Q2. Debt covenants loosened: max net leverage ratio raised from 3.50x to 4.50x (stepping down to 4.00x after two years), min interest coverage lowered from 3.00x to 2.50x.

  Notes: Debt and Covenants view on EDGAR →
• high

  Organic revenue grew $230.5M (16.7%) in Q2, driven by fiber-to-the-home deployments including rural fiber programs. Total backlog increased 53% to $12.2B, with $6.5B expected in next twelve months.

  MD&A: Revenue and Backlog verify on EDGAR →