Overview
Willdan Q2 contract revenue rises 23%
Q2 Net revenue of $95.0 million, up 31.1%, beating analyst expectations, per LSEG data
Adjusted EBITDA for Q2 beats estimates, rising 70.7%
Company raises fiscal 2025 financial targets, reflecting strong outlook
Outlook
Willdan raises FY 2025 net revenue target to $340 mln-$350 mln
Company expects FY 2025 adjusted EBITDA of $70 mln-$73 mln
Willdan projects FY 2025 adjusted diluted EPS of $3.50-$3.65
Result Drivers
CORE PROGRAM EXECUTION - Strong results attributed to consistent execution in core programs, per CEO Mike Bieber
ELECTRIFICATION TRENDS - Increased demand for reliable power and resilient grid infrastructure driven by data centers and electrification trends
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$95.00 mln
$83.50 mln (2 Analysts)
Q2 Net Income
$15.44 mln
Q2 Adjusted EBITDA
Beat
$21.90 mln
$16.20 mln (2 Analysts)
Q2 Pretax Profit
$10.18 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Willdan Group Inc is $94.00, about 6.4% above its August 6 closing price of $88.02
Press Release: ID:nBw297Nc4a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)