Shares of Willdan Group (WLDN) surged 11.45% in Thursday's trading session following the release of its impressive second-quarter financial results and an upward revision of its full-year 2025 guidance. The engineering and consulting services provider demonstrated strong performance across key metrics, surpassing analyst expectations.
Willdan reported quarterly earnings of $1.50 per share, significantly outperforming the analyst consensus estimate of $0.50 by 200%. This represents a substantial 172.73% increase from the $0.55 per share reported in the same period last year. The company's quarterly sales reached $94.97 million, beating the analyst consensus estimate of $83.45 million by 13.80% and marking a 31.08% year-over-year increase.
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. CEO Mike Bieber highlighted the company's strong results in core program execution. 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.