Willdan Q4 2023 revenue up 37.5%; net income $8.0M; provides 2024 guidance

Willdan Group, Inc.

Q4 contract revenue $155.7M (+37.5% YoY); net income $8.0M vs $(0.4M) loss; GAAP EPS $0.58 vs $(0.03).
FY 2023 revenue $510.1M (+18.9%); net income $10.9M vs $(8.4M) loss; adj EBITDA $45.7M (+96.3%).
Q4 adj EBITDA $17.5M (+48.2%); adjusted diluted EPS $0.80 vs $0.36.
FY 2024 guidance: net revenue $270-280M; adj diluted EPS $1.80-1.87; adj EBITDA $48-50M.

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 0.85

Willdan Group, Inc. updated its the fourth quarter and fiscal year ended December 29, 2023 guidance (initiated).

Period: the fourth quarter and fiscal year ended December 29, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Willdan Group, Inc. (“Willdan”) issued a press release on March 7, 2024. The press release announced Willdan’s financial results for the fourth quarter and fiscal year ended December 29, 2023.

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Source: SEC EDGAR

accession 0001558370-24-002729

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