Willdan Q3 revenue up 9.3% to $132.7M; raises FY2023 guidance

Willdan Group, Inc.

2023-Q3 EPS reported $0.21 revenue$354,418,000

Net income improved to $1.6M from $0.1M; GAAP diluted EPS $0.11 vs $0.01.
Adjusted EBITDA $10.1M, up 27.0%; adjusted diluted EPS $0.37, down 11.9%.
Nine-month contract revenue $354.4M (+12.2%); net revenue $188.9M (+16.6%).
FY2023 targets raised: net revenue growth 10-12%, adjusted EBITDA $40-$42M.
FY2023 adjusted diluted EPS guidance raised to $1.33-$1.38 per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Willdan Group, Inc. reported third quarter ended September 29, 2023 results: revenue $132.7 million, net income $1.6 million, EPS $0.11. Guidance raised.

Period: third quarter ended September 29, 2023
Revenue: $132.7 million
Net income: $1.6 million
EPS: $0.11
Guidance: raised
Result: reported results

Exact text from the filing

positive momentum in the fourth quarter, we are raising our full-year guidance for all financial targets.” Third Quarter 2023 Highlights* ● Consolidated contract revenue of $132.7 million, up 9.3%. ● Net revenue** of $65.3 million, up 10.8%. ● Net income of $1.6 million, up from $0.1 million. ● Adjusted EBITDA** of $10.1 million, up 27.0%. ● GAAP Diluted EPS of

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Source: SEC EDGAR

accession 0001558370-23-017427

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