WLDN
Willdan Group, Inc.103.77
-0.74-0.71%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
1.53BP/E (TTM)
37.19Basic EPS (TTM)
2.79Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Willdan's Q3 revenue hit $182M, up 15% y/y, with gross margin expanding to 36.9% from 32.6% on favorable Energy segment mix. Operating income doubled to $14.9M while diluted EPS climbed to $0.90 from $0.51, reconciling to 15.2M shares. Acquisitions fueled $36.8M goodwill and $35.6M intangibles, funded by $33M cash and $49M Term Loan A at 5.7% (May 2030 maturity). OCF stayed solid at $41M YTD, yielding ~$34M FCF (derived). Top clients took 55% revenue. Reliance on top clients poses contract risk.
10-Q
Q2 FY2025 results
Willdan's Q2 revenue surged 23% y/y to $173M, with gross margins expanding to 39.4% from 34.6% on stronger Energy segment demand (85% of revenue). Operating income climbed 83% y/y to $11.8M, diluted EPS $1.03 (up from $0.33, consistent with 14.9M shares). Acquisitions added $41M goodwill/$34M intangibles; cash fell to $32M after $35M spent, but $28M OCF exceeded $4.5M capex for positive FCF. Debt dropped to $60M (6.2% rate, May 2030 maturity) under new facilities with $90M availability. Top clients drove 52% revenue. Reliance on top clients remains a risk.
8-K
Q2 revenue jumps 23%
Willdan crushed Q2 with contract revenue at $173.5M, up 23%, net revenue $95.0M up 31.1%, and net income $15.4M soaring 236%. Acquisitions and core wins fueled the surge, while data centers and electrification boost grid demand. Raised 2025 targets to $340-350M net revenue, $70-73M adjusted EBITDA. Cash dipped to $32.3M post-$35M deals.
8-K
Stockholders approve plan expansion
Willdan stockholders approved amendments to the 2008 Performance Incentive Plan at the June 12, 2025 annual meeting, adding 150,000 shares to the 5,719,167 total share limit and 150,000 to the 5,950,000 ISO cap, while extending the term to 2035. All seven directors were elected; Crowe ratified as auditor. Plan bolsters talent retention.
10-Q
Q1 FY2026 results
Willdan's Q1 FY2025 contract revenue jumped 24.4% y/y to $152.4M, driven by 25.3% growth in Energy to $126.2M and 20.2% in Engineering & Consulting to $26.1M, while gross margin slipped to 37.8% from 38.7%. Operating income rose 31.2% y/y to $7.0M, net income climbed 59.3% to $4.7M ($0.32 diluted EPS), with diluted shares up to 14.6M. Acquisitions of APG (Mar 2025, $35.2M consideration: $18.5M cash/$5.6M stock/$12.4M contingent, $25.4M goodwill), Alpha (Jan 2025, $11.8M cash, $7.5M goodwill), and Enica (Oct 2024) added $6.1M revenue/$1.1M operating income; cash fell to $38.4M after $32.5M cash paid for deals, with $87.5M term debt (6.4% rate) and $3.3M OCF. Cash dipped sharply. Top clients drove 53.8% revenue; competition in energy services weighs.
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