Willdan Group (WLDN) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.18%. A quarter ago, it was expected that this energy efficiency and sustainability consultant would post earnings of $0.57 per share when it actually produced earnings of $0.75, delivering a surprise of 31.58%.Ove ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-33076 For the quarterly period ended April 4, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to WILLDAN GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (IRS Employer Identification No.) Delawar ...

Financial Data and Key Metrics Changes - The company reported record first quarter results for revenue, adjusted EBITDA, and EPS, surpassing both analysts' expectations and internal forecasts [4] - Contract and net revenue each grew by 24% year over year, adjusted EBITDA rose by 31%, GAAP diluted EPS increased by 52%, and adjusted diluted EPS was up by 58% [4][22] - Net income for Q1 2025 was $4.7 million, up 59% from $2.9 million in Q1 2024, with a favorable effective income tax rate of 9.75% [22] Business Line Data and Key Metrics Changes - The energy segment accounted for over 80% of total revenue, with revenue in this segment rising by 25% [9][20] - The engineering and consulting segment revenues increased by 20%, reflecting strong client demand and continued geographic expansion [20] - The company completed two acquisitions that contributed $6 million to contract revenue in the quarter [19] Market Data and Key Metrics Changes - Commercial customers are forecasted to comprise 15% of revenue, double the percentage from the previous year, while state and local government customers are expected to be 44% and utilities around 41% [6] - Demand remains healthy across all customer groups, particularly in electricity usage at data centers driven by AI [6][7] Company Strategy and Development Direction - The company aims to pursue acquisitions that expand capabilities and relationships with commercial customers [6] - The focus is on energy efficiency and modernization projects, with significant contracts awarded for EV charging stations and solar arrays [11][12] - The company is positioned to benefit from structural shifts in the energy landscape, including electrification and increased electricity demand from data centers [14] Management's Comments on Operating Environment and Future Outlook - Management noted that recent federal spending cuts have had little impact on the company's backlog or near-term visibility [8] - The company is monitoring tariff risks and has implemented flexible contract terms to mitigate potential impacts [16][31] - Management raised the 2025 financial targets based on strong Q1 performance, expecting net revenue between $325 million and $335 million [25] Other Important Information - The company ended the quarter with $38 million in cash and access to an undrawn $50 million line of credit, resulting in total liquidity of $88 million [23] - The company has minimal exposure to direct federal contracts, which has insulated it from recent federal spending cuts [8] Q&A Session Summary Question: Impact of tariffs on the company - Management acknowledged the potential for price escalation and project delays due to tariffs but noted that they have not seen short-term impacts yet [31][32] Question: Conversations with customers regarding load growth - Management indicated that conversations with utilities and government customers have shifted towards updating forecasts and CapEx spending due to changes in electricity demand dynamics [35][36] Question: Confidence in raising guidance - Management raised guidance due to strong Q1 performance across all areas and customer interest in expanding contracts [39][40] Question: Any signs of slowdown in demand - Management reported no significant headwinds in operations, with the main concern being equipment risks related to tariffs [44][45] Question: Integration of recent acquisitions - Management confirmed that cross-selling between the acquired companies has already begun, with close communication established [55]

"We exceeded analyst expectations in the first quarter, delivering double-digit growth across our key metrics," said Mike Bieber, Willdan's President and Chief Executive Officer. "New wins, steady funding in our core programs, and three strategic acquisitions are driving our broad-based growth. Data centers and electrification are increasing demand for electricity and fueling investment in reliable power and resilient grid infrastructure. Normalized for the extra week in this year's first quarter, we delive ...

Willdan Group, Inc.’s (WLDN) long-standing relationship with the City of Fairfield stems from its continuous support through engineering, special district and federal compliance, financial services and electrification strategies.Underscoring this strategic long-term relationship, Willdan has announced a new $30 million energy savings performance contract for the City of Fairfield. Per the contract, the company’s work scope will ensure the expansion of the energy and infrastructure modernization services for ...

Willdan Group, Inc.’s (WLDN) efficient service execution and seamless performance across all its business lines are boding well for its contract win trend. Holding to this aspect, recently the company’s backlog witnessed a boost from a new contract in Paramount, CA.Recently, the company received a $17.7 million contract to offer engineering and construction supervision services for Paramount Unified School District (or USD). Per the contract, WLDN will oversight 2.2 megawatts of solar arrays and 44 level tw ...

Group 1 - Willdan Group (WLDN) has outperformed the Business Services sector with a year-to-date return of approximately 4.9%, while the sector has returned an average of -1.6% [4] - The Zacks Rank for Willdan Group is currently 1 (Strong Buy), indicating strong analyst sentiment and a positive earnings outlook, with a consensus estimate for full-year earnings increasing by 20.1% over the past quarter [3] - Willdan Group belongs to the Business - Services industry, which includes 25 stocks and is currently ranked 145 in the Zacks Industry Rank, with the industry gaining about 2.8% year-to-date, further highlighting WLDN's strong performance [5] Group 2 - Another stock in the Business Services sector, Wartsila (WRTBY), has also outperformed the sector with a year-to-date return of 11.1% and has a Zacks Rank of 2 (Buy) [4][5] - The Business Services sector consists of 290 individual stocks and holds a Zacks Sector Rank of 8, indicating its relative performance compared to other sectors [2] - Investors should continue to monitor both Willdan Group and Wartsila for potential sustained strong performance in the Business Services sector [6]

Willdan Group, Inc. (WLDN) reported mixed fourth-quarter fiscal 2024 (ended Dec. 27, 2024) results, with adjusted earnings surpassing the Zacks Consensus Estimate while contract revenues missed the same. On the other hand, the top and the bottom lines tumbled year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The top line declined year over year due to soft contributions from the Energy segment, which is the largest revenue contributor of the company. The downtick was part ...

Willdan Group (WLDN) Q4 2024 Earnings Call March 07, 2025 01:57 AM ET Company Participants Al Kaschalk - VP of IRMichael Bieber - CEO & DirectorCreighton Early - Executive VP & CFO Conference Call Participants Craig Irwin - Managing Director, Senior Research AnalystTim Moore - Managing Director, Senior Research AnalystNone - Analyst Operator Greetings, and welcome to the Welldan Group Fourth Quarter and Full Year twenty twenty four Financial Results Conference Call. At this time, all participants are in a l ...

Willdan Group, Inc. (NASDAQ:WLDN) Q4 2024 Earnings Conference Call March 6, 2025 5:30 PM ET Company Participants Al Kaschalk - Vice President, Investor Relations Mike Bieber - President & Chief Executive Officer Kim Early - Executive Vice President & Chief Financial Officer Conference Call Participants Craig Irwin - ROTH Capital Partners Tim Moore - Clear Street Operator Greetings, and welcome to the Willdan Group, Inc. Fourth Quarter and Full Year 2024 Financial Results Conference Call. At this time, all p ...