LATEST / 26 AUG 2026
DYCOM REPORTS $2.006B QUARTERLY CONTRACT REVENUESFISCAL Q2 2027 · 16.7% ORGANIC GROWTHNATIONAL TECHNOLOGY INTEGRATORS ACQUISITION COMPLETED

People / The work of connection

Dan Peyovich and the hands behind the cloud

He started as a carpenter. Now, as Dycom’s CEO, Dan Peyovich is expanding the business that builds digital infrastructure - and arguing that the future still needs people who know how to work with their hands.

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Dan Peyovich enjoyed being a carpenter. Asked about it years later, with the title of chief executive attached to his name, he offered a refreshingly ordinary qualification: “I mean, I wanted to make more money, but I really enjoyed what I did.” A career can accommodate both affection and a better paycheck. The corporate biography usually leaves out the paycheck part.

That answer offers a useful entrance to Peyovich’s working life. He now leads Dycom Industries, the West Palm Beach company whose crews build and maintain communications infrastructure across the United States. His responsibilities have expanded into electrical systems for data centers. The vocabulary around him has acquired hyperscalers, artificial intelligence and multibillion-dollar construction programs. His starting point was work done with his hands.

The distance between those worlds looks large until you consider what a digital connection requires. Somewhere, a route must be planned, equipment must arrive, and people must install the physical network. The cloud is an agreeable name for something with so many ground-level obligations. Peyovich’s career makes more sense when you follow those obligations back through the buildings and projects that came before.

Two screens in a Seattle conference room

He was raised in Kirkland, Washington, and earned a construction-management degree at the University of Washington. His professional education continued through the roles that turn a set of drawings into a completed project: project engineer, project manager, project executive. His 2015 speaker biography put his start at Howard S. Wright in 1998.

In Seattle construction, his work included projects at Microsoft, Bellevue’s City Center Plaza office tower, the Inn at Suncadia and the Jackson Federal Building retrofit. The variety matters. An office tower and an existing federal building pose different coordination problems. A manager has to learn the particular job while keeping enough perspective to see how its parts fit together.

One smaller project is especially revealing. By 2014, Peyovich had helped turn a conference room into a collaboration suite. Two 60-inch touch screens brought job information into the room through a dashboard. The setup could also be adapted for foremen and superintendents using tablets in the field.

A conference room rarely gets a starring role in a construction career. This one deserves a brief appearance. Putting project information where people can use it is a concrete management choice. A drawing on a screen cannot pour concrete. It can help the person coordinating the pour understand what needs to happen before the truck arrives.

The detail is an early example of technology serving construction work. The machinery of coordination can be quite mundane: accessible information, a useful interface, a conversation held before a problem becomes expensive. Peyovich was already working on that machinery while his responsibilities were concentrated in the Northwest.

A career built through operations
  1. 1998Howard S. Wright
    Project roles begin
  2. 2012Washington State
    Division president
  3. 2021Joins Dycom
    Operations, then COO
  4. 2024November 30
    President & CEO
Different responsibilities, one continuing assignment: get the work built.

The long route to November 30

Recognition arrived before the national role. He was selected for ENR Northwest’s 2014 Top Young Professionals group, an award whose selection considered professional achievement and community service. In the following year’s speaker biography, another part of his schedule appeared: coaching boys’ Little League baseball and girls’ soccer.

Those details place a working executive in a recognizable local life. They also resist the temptation to make every entry on a résumé a prophecy. Coaching a youth team does not explain a later acquisition. It does remind us that the person accumulating titles was also spending time on a field where the score was measured differently.

Peyovich became president of Balfour Beatty’s Washington State Division in 2012. Dycom’s later account places his leadership of the Northwest Division from 2014 through 2021. He moved to Dycom in January 2021 as executive vice president of operations and became chief operating officer that May.

The move brought him into a company with an established operating history and an existing leadership team. Steven Nielsen, then Dycom’s chief executive, welcomed him in the 2021 annual report while acknowledging the responsibility involved in succeeding the retiring operations chief, Timothy Estes. Peyovich had a new organization to learn, along with a new set of customers and field operations.

In June 2024, he became president while retaining the COO role. Kevin Wetherington took over the operating post in October. On November 30, Peyovich became president and CEO, succeeding Nielsen. The sequence supplied several years inside the business before the final handoff. A chief executive title can arrive on a particular date; familiarity takes longer.

His progression invites a practical reading of succession. Project leadership asks whether the team can deliver a particular job. Operations leadership stretches that question across resources and locations. Running the company adds decisions about which capabilities to build next. Each step enlarges the consequences of getting the answer wrong.

The cloud acquires an electrical bill

During Peyovich’s tenure as CEO, Dycom has widened its involvement in the infrastructure around data centers. On December 23, 2025, it completed the acquisition of Power Solutions, an electrical contractor serving critical facilities in the Washington, D.C., Maryland and Virginia region. The transaction brought work inside buildings further into Dycom’s business.

The company subsequently began reporting two segments: Communications and Building Systems. The first includes network planning, engineering, construction and related services. The second covers infrastructure within critical facilities, including electrical and other building systems. For a business accustomed to connecting places, the boundary of the assignment was moving indoors.

That expansion has a familiar shape in Peyovich’s career. Before his years at Dycom, he had worked on complex commercial buildings. Now the company he leads is bringing communications work and building infrastructure into a broader offering. The connection is an interpretation of his career, but the shift in the company’s scope is quite tangible.

Dan Peyovich speaking and gesturing with both hands at Fortune’s COO Summit in June 2026
Hands still in the conversation. Peyovich at the COO Summit, June 2, 2026. Photo: Kristy Walker / Fortune

A second addition followed. In May 2026, Dycom announced an agreement to acquire National Technology Integrators. It confirmed completion during its fiscal second quarter. NTI’s capabilities include structured cabling inside facilities, along with audio-visual and security systems. These are specific construction skills, each with its own requirements, joining a company already involved in the networks outside.

The strategic logic becomes easier to picture by tracing a connection from a server rack through a building and into a wider network. Different crews handle different parts of that journey. Broadening the contractor’s capabilities creates more opportunities to participate. It also creates more work for management: preserving expertise, coordinating customer relationships and integrating an acquired business.

Following the connection
01 / INSIDEServer racksStructured cabling
02 / BUILDINGCritical facilitiesElectrical & building systems
03 / OUTSIDEWider networksFiber infrastructure & connections
Conceptual view of Dycom’s expanded capabilities. Different specialties support different parts of the connection.

The order book has to become work

The scale of those responsibilities shows up in the financial results. Dycom reported $5.546 billion in contract revenues for fiscal 2026, the year ended January 31, 2026. That was 17.9 percent above the previous year; organic growth was 6.5 percent. Power Solutions entered the results only after its December acquisition.

The distinction matters when assessing Peyovich’s period in charge. Buying a business changes the size of the reported company. Growth within its existing operations tells a related but different story. Reading the two together gives a more useful picture than assigning every additional dollar to a chief executive’s personal influence.

Annual contract revenues / $ billions
FY2025
4.702
FY2026
5.546
+17.9% total growth · +6.5% organic growth
Fiscal 2026 ended January 31, 2026. Figures rounded; FY2026 includes Power Solutions from December 23, 2025. Bars start at zero.

By the quarter ended August 1, 2026, Dycom’s contract revenues reached $2.006 billion. Total growth was 45.6 percent, with organic growth of 16.7 percent. Its reported backlog stood at $12.242 billion. That order book describes obligations ahead. Revenue from the work still depends on execution.

Peyovich’s comments about equipment offer a less glamorous view of preparing for that execution. In a 2025 earnings discussion, he described projecting demand and working with equipment manufacturers so capacity would be available. He put labor planning alongside fleet planning. The customer’s ambitions needed both.

It is the sort of detail that can disappear behind a revenue chart. A crew needs equipment when the job is ready, and equipment needs people who can operate it. Getting one ahead of the other creates its own expense. Construction growth asks management to coordinate timing as carefully as it measures demand.

A career somebody can learn

Peyovich has increasingly taken that workforce question into public conversations. In 2025, he announced his participation in Ford Pro’s Detroit forum alongside Roger Penske, David Burritt and Chris Womack. The subject was the businesses and skilled workers responsible for building, moving and maintaining things. It was an apt setting for an executive whose digital business depends on physical work.

His argument also has a personal reference point. In a public post about skilled trades, he connected his own early carpentry experience to his present career. He encouraged people entering the workforce, and those considering a change, to look at the opportunities to learn and advance.

“My early career as a carpenter put me on the path I am on today.”

Dan Peyovich / on careers in the skilled trades

That history allows room for more than one kind of education. Peyovich earned a university degree, built experience on projects and moved through management. His own path combined those experiences. Taking skilled careers seriously can include understanding the routes that connect field work, formal study and responsibility for other people’s work.

The practical challenge is to make those routes available. Recruiting someone is a beginning. Learning the tools, the conditions and the expectations of a job takes time. For Peyovich, whose company needs that capability across a national operation, workforce development belongs in the discussion of how the business can grow.

His career has carried him a long way from carpentry, without taking him very far from construction’s basic demands. Plans must become work. Work must become something that functions. A digital connection may travel at extraordinary speed once it exists. Before that happens, somebody has to show up and build it.

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