Willdan Q1 net revenue $68.9M, up 11.7%; GAAP EPS $0.21, adjusted EPS $0.40; reaffirms 2024 targets

Willdan Group, Inc.

2024-Q1 EPS reported $0.21 revenue$122,489,000

Contract revenue $122.5M (+19.4% YoY); net revenue $68.9M (+11.7%).
Net income $2.9M vs $0.9M last year; GAAP diluted EPS $0.21 vs $0.07.
Adjusted EBITDA $11.0M, up 11.7%; adjusted diluted EPS $0.40 vs $0.32.
Reaffirming FY2024 targets: net revenue $270-280M, adj. EPS $1.80-1.87, adj. EBITDA $48-50M.
CEO cites strength in gov/utility customers, strong software sales, AI/data center demand as catalyst.

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. reported first quarter ended March 29, 2024 results: revenue $122.5 million, net income $2.9 million, EPS $0.21. Guidance reaffirmed.

Period: first quarter ended March 29, 2024
Revenue: $122.5 million
Net income: $2.9 million
EPS: $0.21
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in electricity demand from artificial intelligence and data centers is becoming a new catalyst in our market.” First Quarter 2024 Highlights* ● Consolidated contract revenue of $122.5 million, up 19.4%. ● Net revenue** of $68.9 million, up 11.7%. ● Net income of $2.9 million, up from net income of $0.9 million. ● Adjusted EBITDA** of $11.0 million, up 11.7%. ● GAAP

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Source: SEC EDGAR

accession 0001558370-24-006549

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