Willdan Group Inc
NASDAQ:WLDN

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Willdan Group Inc
NASDAQ:WLDN
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Price: 78.22 USD -6.88% Market Closed
Market Cap: $1.2B

Willdan Group Inc
Investor Relations

Willdan Group, Inc. engages in the provision of technical and consulting services. The company is headquartered in Anaheim, California and currently employs 1,560 full-time employees. The company went IPO on 2006-11-21. The firm's Energy segment provides specialized, energy solutions to businesses, utilities, state agencies, municipalities, and non-profit organizations. The company provides energy efficiency consulting and engineering services, including program design, management, and administration; marketing, customer outreach, and project origination; energy audits and feasibility analyses; implementation; training; management; retro-commissioning; data management and reporting; measurement and verification services; and construction management. The firm's Engineering and Consulting segment provides civil engineering-related construction management, building and safety, city engineering office management, city planning, civil design, geotechnical, material testing, and other engineering consulting services to its clients.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record Performance: Willdan reported record 2025 results, with contract and net revenue both growing over 20% and adjusted EBITDA up 40%, fueled by strong energy segment performance and acquisitions.

Margin Expansion: EBITDA margin exceeded the 20% long-term goal for the first time, reaching 21.8% for the year, and management expects margins to stay above 20% in 2026.

Strong Free Cash Flow: Free cash flow hit $71 million for the year, moving the company into a net cash position for the first time since 2017.

2026 Guidance: Management guided to net revenue of $390–405 million, adjusted EBITDA of $85–90 million, and adjusted EPS of $4.50–$4.70, with margins expected to remain above 20%.

Tax Benefit Headwind: Adjusted EPS guidance is below 2025 due to lower expected 179D tax deductions in 2026, as Section 179D is set to expire mid-year.

Diversified Growth: All customer segments—utility, state/local government, and especially commercial/data centers—showed strong or accelerating demand, with commercial customers now at 11% of revenue and targeted to grow further.

Data Center Momentum: Work related to data center power infrastructure more than doubled, and the APG acquisition boosted capabilities in this fastest-growing segment.

Robust Pipeline: Willdan highlighted recent large contract wins and a strong M&A pipeline, supporting optimism for continued growth and expansion.

Key Financials
Contract Revenue
$682 million
Net Revenue
$365 million
Gross Profit
$256 million
Gross Margin
37.5%
Adjusted EBITDA
$79.5 million
Adjusted EBITDA Margin
21.8%
Net Income
$52.6 million
EPS
$3.49 per diluted share
Adjusted EPS
$4.89 per share
Free Cash Flow
$71 million
Cash Flow from Operations
$80 million
Unrestricted Cash
$66 million
Outstanding Debt
$49 million
Net Cash Position
$17 million
Effective Tax Rate
31.4% benefit
Net Revenue (Q4 2025)
$89.5 million
Contract Revenue (Q4 2025)
$174 million
Adjusted EBITDA (Q4 2025)
$20 million
EPS (Q4 2025)
$1.23
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael A. Bieber
CEO, Director & President
No Bio Available
Mr. Creighton K. Early
Executive VP & CFO
No Bio Available
Mr. Micah H. Chen J.D.
Executive VP & General Counsel
No Bio Available
Mr. Albert Leo Kaschalk CPA
Vice President of Investor Relations
No Bio Available
Ms. Kate M. Nguyen
Secretary
No Bio Available

Contacts

Address
CALIFORNIA
Anaheim
2401 E Katella Ave Ste 300
Contacts
+18004249144.0
www.willdan.com
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