Willdan Q2 profit beats estimates on demand for energy solutions

Willdan

06/08/2026 21:20

Overview
US energy solutions provider's Q2 contract revenue rose 33%, beating analyst expectations
Adjusted diluted EPS for Q2 rose 38% to $2.07
Company raised FY2026 financial targets, citing strong demand and margin expansion

Outlook
Willdan raises FY2026 net revenue target to $415 mln-$430 mln
Company expects FY2026 adjusted EBITDA of $103 mln-$107 mln
Willdan forecasts FY2026 adjusted diluted EPS of $5.00-$5.15

Result Drivers
ENERGY SOLUTIONS DEMAND - Co said net revenue growth was driven by strong demand for its energy solutions
MARGIN EXPANSION - Co attributed margin gains to favorable business mix, operating leverage, and growth in commercial business

Company press release: ID:nBwZbVYpa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Contract Revenue
Beat
$231.03 mln
$102.27 mln (3 Analysts)
Q2 Net Income
 
$24.35 mln
 
Q2 Adjusted EBITDA
 
$33 mln
 
Q2 Pretax Profit
 
$19.09 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $135.00, about 82.1% above its August 5 closing price of $74.13
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 3 - Ameresco raises 2026 non-GAAP EPS outlook on record project awards; shares surge
Aug 5 - Orion Energy Systems Q1 revenue rises on increased large project activity
Aug 4 - Primoris Q2 loss bigger than expected on project delays, cost overruns

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)