Willdan Q2 revenue up 16% to $119M; raises FY2023 guidance

Willdan Group, Inc.

2023-Q2 EPS reported $0.10 revenue$221,680,000

Q2 contract revenue $119.1M (+16% YoY); net revenue $61.9M (+17.1%).
GAAP net income $0.4M ($0.03 EPS); adjusted diluted EPS $0.26 vs. $(0.06) prior year.
Adjusted EBITDA $8.2M, up 603% from $1.2M in Q2 2022.
FY2023 guidance raised: adj. EPS $1.30-$1.35, adj. EBITDA $38-$40M, net revenue growth 9-10%.
H1 2023 net revenue $123.6M (+20%); net income $1.3M (improved 116% YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Willdan Group, Inc. updated its second quarter ended June 30, 2023 guidance (raised).

Period: second quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

Willdan Group, Inc. (“Willdan”) issued a press release on August 3, 2023. The press release announced Willdan’s financial results for the second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001558370-23-013238

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