---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008107"
form_type: "8-K"
ticker: "WLDN"
cik: "0001370450"
company_name: "Willdan Group, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:20:47.675857+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-008107
- form_type: 8-K
- ticker: WLDN
- cik: 0001370450
- company_name: Willdan Group, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370450/000155837023008107/0001558370-23-008107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370450/000155837023008107/wldn-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008107
- JSON: https://secwatch.observer/filing/0001558370-23-008107.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008107.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370450/000155837023008107/0001558370-23-008107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.