Dycom Industries announced that Stephen O. LeClair will join its Board of Directors, effective November 7 2025, increasing the board from nine to ten members and adding a seasoned infrastructure executive to the company’s governance structure.
LeClair brings more than two decades of experience in the water, wastewater, storm‑drainage, and fire‑protection product sectors. He served as Executive Chair and Executive Director of Core & Main Inc., where he guided the company through a 2021 IPO and drove significant growth initiatives. Prior to that, he was CEO of Core & Main, and he has also held senior roles at HD Supply, including COO and President of HD Supply Waterworks.
The appointment includes an annual retainer of $80,000 and a grant of restricted stock units valued at $175,000, underscoring Dycom’s commitment to aligning board compensation with long‑term shareholder interests.
LeClair’s background aligns closely with Dycom’s strategic focus on fiber, wireless, and data‑center construction. His experience scaling large‑scale infrastructure projects and managing complex supply chains positions him to advise on the company’s expansion into new infrastructure markets and its pursuit of high‑margin digital‑connectivity opportunities, including AI‑driven data‑center interconnects.
Dycom’s most recent quarterly results illustrate the company’s growth trajectory. In Q3 FY2025, contract revenues rose 12.0% year‑over‑year to $1.272 billion, and Non‑GAAP Adjusted EBITDA reached $170.7 million, or 13.4% of contract revenues—an improvement from 12.9% the previous year. The company reported a $7.76 billion backlog and guided 2026 revenue growth of 10‑13%, reflecting confidence in continued demand for its infrastructure services.
CEO Daniel Peyovich highlighted the company’s positioning for a “generational deployment of digital infrastructure,” noting increasing conversations about long‑haul projects related to AI data‑center builds. He emphasized that Dycom’s focus on operational excellence and strategic acquisitions—such as the recent purchase of Black & Veatch’s wireless business—will support its expansion into high‑growth markets.
The addition of LeClair strengthens Dycom’s board oversight and brings a wealth of operational expertise that complements the company’s existing leadership. His appointment signals Dycom’s intent to accelerate growth in fiber, wireless, and data‑center construction while maintaining disciplined governance and a focus on long‑term value creation.
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