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Willdan Group (WLDN)
NASDAQ:WLDN
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.52Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -25.30%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted several strong achievements, including record third-quarter performance, strategic acquisitions, and robust demand across sectors. However, challenges such as rising electricity rates and energy prices were noted. Despite these challenges, the company's overall performance and outlook remain positive.Company Guidance
In the third quarter of 2024, Willdan Group reported impressive financial results, surpassing expectations with organic contract revenue growth of 19% and a 50% increase in adjusted EBITDA year-over-year. Adjusted earnings per share (EPS) nearly doubled to $0.73, while GAAP EPS rose more than fourfold. The company also achieved $2.30 of free cash flow per share through the first three quarters. With 1,700 employees and 53 offices, Willdan's efforts to support energy efficiency and decarbonization resulted in avoiding 7.8 million metric tons of greenhouse gas emissions. Their client base comprises 7% commercial, 50% government, and 43% utilities, with robust demand across all sectors. In response to strong year-to-date performance, Willdan raised its full-year guidance, projecting net revenue between $285 million and $295 million, adjusted EBITDA between $52 million and $54 million, and adjusted diluted EPS ranging from $2.15 to $2.25, assuming a 14% full-year tax rate.Record Third Quarter Performance
Contract revenue increased by 19% organically, adjusted EBITDA increased by 50%, and adjusted EPS doubled year-over-year.
Strong Free Cash Flow Generation
Generated $2.30 of free cash flow per share through the first three quarters of 2024.
Raising Full Year Financial Targets
Due to strong year-to-date performance, Willdan is raising its full year financial targets.
Significant Employee Growth
Surpassed 1,700 employees, primarily scientists, engineers, and technical professionals.
Successful Strategic Acquisitions
Acquired Enica Engineering, expected to generate $10 million in revenue in 2024 and be accretive to 2025 margins and earnings.
Strong Demand Across Sectors
Government client work growing at a double-digit pace, utilities work robust under multiyear contracts, and commercial opportunities expanding.
Notable Contract Wins
Won a $103 million contract with Clark County School District and a $9 million contract with NYPA.
Improved Financial Metrics
Net debt reduced from $75 million at year-end 2023 to $39 million, and net leverage ratio improved to 0.7x adjusted EBITDA.
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WLDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WLDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $47.31 | $43.68 | -7.67% |
| Aug 01, 2024 | $33.18 | $37.00 | +11.51% |
| May 02, 2024 | $28.48 | $31.29 | +9.87% |
| Mar 07, 2024 | $19.85 | $24.68 | +24.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Willdan Group (WLDN) report earnings?
Willdan Group (WLDN) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Willdan Group (WLDN) earnings time?
Willdan Group (WLDN) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLDN EPS forecast?
WLDN EPS forecast for the fiscal quarter 2024 (Q4) is 0.52.
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