Overview
Willdan Q3 contract revenue up 15%, beating analyst expectations
Adjusted EPS for Q3 beats consensus, rising 65.8% year-over-year
Net income for Q3 rises 86.8% year-over-year
Outlook
Willdan raises 2025 net revenue target to $360 mln-$365 mln
Willdan expects 2025 adjusted EBITDA between $77 mln and $78 mln
Willdan forecasts 2025 adjusted diluted EPS of $4.10-$4.20
Result Drivers
ORGANIC GROWTH - Willdan reports 20% organic growth in net revenue, contributing to strong Q3 results
ELECTRICITY DEMAND - Growing electricity demand driven by data centers and electrification supported revenue growth
FINANCIAL MANAGEMENT - Reduction in net debt to $16.0 mln reflects effective financial management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Contract Revenue | Beat | $182.01 mln | $86.27 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $1.21 | $0.83 (3 Analysts) |
Q3 Net Income | $13.72 mln | ||
Q3 Adjusted EBITDA | $23.10 mln | ||
Q3 Pretax Profit | $14.29 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 $120.00, about 21.6% above its November 5 closing price of $94.11
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nBwb39Sm6a
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(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.)