Shares of Willdan Group (WLDN) are skyrocketing 19.30% in Friday's pre-market trading following the company's exceptional second-quarter financial results and a significant upward revision of its full-year 2025 guidance. The engineering and consulting services provider demonstrated outstanding performance across key metrics, substantially surpassing analyst expectations.
Willdan reported quarterly adjusted earnings of $1.50 per share, dramatically outperforming the analyst consensus estimate of $0.72 by 108.3%. This represents a substantial 172.7% increase from the $0.55 per share reported in the same period last year. The company's quarterly net revenue reached $95.0 million, beating the analyst consensus estimate of $83.45 million by 13.8% and marking a 31.1% year-over-year increase. Contract revenue (GAAP) climbed 23.0% to $173.5 million, well above expectations.
In light of these positive developments, Willdan raised its fiscal 2025 financial targets. The company now expects net revenue in the range of $340 million to $350 million, adjusted EBITDA between $70 million and $73 million, and adjusted diluted earnings per share of $3.50 to $3.65. This upward revision in guidance reflects management's confidence in Willdan's growth trajectory and market position. The robust financial performance was attributed to consistent execution in core programs and increased demand for reliable power and resilient grid infrastructure, driven by data centers and electrification trends. With these impressive results and optimistic outlook, investors are showing strong confidence in Willdan's future prospects, as reflected in the significant pre-market surge.
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