Willdan Group reports Q1 record: revenue $102.6M, net income up 124.7%

Willdan Group, Inc.

2023-Q1 EPS reported $0.07 revenue$102,603,000

Consolidated contract revenue $102.6M, up 11.7% YoY; net revenue $61.7M, up 23.0%.
Net income $0.9M (124.7% improvement); GAAP EPS $0.07, adjusted diluted EPS $0.32 (+357.1%).
Adjusted EBITDA $9.9M, up 320.8% YoY, driven by strong operational execution.
CEO cites record quarter and confident in 2023 outlook; robust cash flow from operations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Willdan Group, Inc. reported first quarter ended March 31, 2023 results: revenue Consolidated contract revenue of $102.6 million, net income Net income of $0.9 million, EPS GAAP EPS of $0.07.

Period: first quarter ended March 31, 2023
Revenue: Consolidated contract revenue of $102.6 million
Net income: Net income of $0.9 million
EPS: GAAP EPS of $0.07
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights* ● Consolidated contract revenue of $102.6 million, up 11.7%. ● Net revenue** of $61.7 million, up 23.0%. ● Net income of $0.9 million, a 124.7% improvement. ● Adjusted EBITDA** of $9.9 million, up 320.8%. ● GAAP EPS of $0.07, a 123.3% improvement. ● Adjusted Diluted EPS** of $0.32, a 357.1% increase.

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Source: SEC EDGAR

accession 0001558370-23-008107

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