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Willdan Group Reports First Quarter Results
ANAHEIM, Calif.--(BUSINESS WIRE)-- Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today announced its financial results for the first quarter ended April 4,
About this update from Willdan Group, Inc.
[{"type":"text","content":" ANAHEIM, Calif.--(BUSINESS WIRE)--\nWilldan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today announced its financial results for the first quarter ended April 4, 2025.\n\nFirst Quarter 2025 Highlightsa\n\n\nContract revenue of $152.4 million, up 24.4%.\n\n\nNet revenueb of $85.3 million, up 23.8%.\n\n\nNet income of $4.7 million, up 59.3%.\n\n\nAdjusted EBITDAb of $14.4 million, up 30.9%.\n\n\nGAAP Diluted EPS of $0.32, up 52.4%.\n\n\nAdjusted Diluted EPSb of $0.63, up 57.5%.\n\n\nExecutive Management Comments\n\n“We exceeded analyst expectations in the first quarter, delivering double-digit growth across our key metrics,” said Mike Bieber, Willdan’s President and Chief Executive Officer. “New wins, steady funding in our core programs, and three strategic acquisitions are driving our broad-based growth. Data centers and electrification are increasing demand for electricity and fueling investment in reliable power and resilient grid infrastructure. Normalized for the extra week in this year’s first quarter, we delivered 12% organic revenue growth. With record first quarter performance, we are raising each of our fiscal year 2025 financial targets.”\n\nFiscal Year 2025 Financial Targets\n\nWilldan is raising each of its financial targets for fiscal year 2025 and now expectsc:\n\n\nNet revenueb between $325 million and $335 million.\n\n\nAdjusted EBITDAb between $65 million and $68 million.\n\n\nAdjusted Diluted EPSb between $2.75 per share and $2.90 per share.\n\n\nAssumes 15.1 million diluted shares, 16% effective tax rate, and no future acquisitions.\n\n\n\na.\n\n\n\n\nAs compared to the same period of fiscal year 2024.\n\n\n\n\n\nb.\n\n\n\n\nSee “Use of Non-GAAP Financial Measures” below.\n\n\n\n\n\nc.\n\n\n\n\nThese updated financial targets supersede any previously disclosed financial targets and investors should not rely on any previously disclosed financial targets, and do not include any uncompleted or future acquisitions.\n\n\n\n\nFirst Quarter 2025 Conference Call\n\nWilldan will be hosting a conference call to discuss its first quarter financial results today, at 5:30 p.m. Eastern/2:30 p.m. Pacific. To access the call, listeners should dial 877-407-2988 (or 201-389-0923). The conference call will be webcast simultaneously on Willdan’s website at https://edge.media-server.com/mmc/p/m8apftij/.\n\nA replay of the conference c...