Willdan Q2 net revenue $72.5M, adj. EPS $0.55; raises FY2024 guidance

Willdan Group, Inc.

2024-Q2 EPS reported $0.54 revenue$263,485,000

Contract revenue $141.0M (+18.4% YoY); net revenue $72.5M (+17.0%).
Net income $4.6M (up from $0.4M); GAAP diluted EPS $0.33 vs $0.03; adj. diluted EPS $0.55 vs $0.26.
Adjusted EBITDA $12.8M, up 56.2% from $8.2M.
Recent wins: Meta (emissions study), Virginia (grid impact), Paramount (solar/storage/EV).
Raised FY2024 targets: net rev $280-290M, adj. EBITDA $50-52M, adj. EPS $2.00-2.10.

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