Willdan Group Inc
NASDAQ:WLDN
Willdan Group Inc
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.
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.
Strong Beat: Willdan exceeded both its own forecasts and Wall Street expectations across all major financial metrics in Q3.
Revenue Growth: Net revenue grew by 26% year-over-year, with organic growth at an impressive 20%.
Profitability: Gross profit climbed 30%, while pretax income jumped 91% and net income soared 87%.
Margins Up: Adjusted EBITDA margin reached 24% of net revenue for the quarter, and GAAP diluted EPS rose 77%.
Raised Guidance: Management again raised full-year 2025 targets for net revenue, adjusted EBITDA, and adjusted EPS.
Strong Demand Drivers: Data centers, electrification, and sustained government and utility demand are fueling growth.
Healthy Balance Sheet: The company reported low net debt and significant liquidity, supporting acquisitions and future growth.
Acquisitions Performing: Recent acquisition APG is contributing strongly to growth and backlog, especially in data centers.
