earnings
confidence high
sentiment positive
materiality 0.75
Willdan beats Q3 estimates, raises FY2024 guidance; revenue up 19%
Willdan Group, Inc.
2024-Q3 EPS reported
$1.05
revenue$421,737,000
- Contract revenue $158.3M (+19.2% YoY); net revenue $75.7M (+15.9%).
- Net income $7.3M vs $1.6M; GAAP diluted EPS $0.51 vs $0.11; adjusted EPS $0.73 vs $0.37.
- Acquired Enica Engineering in late Oct to strengthen commercial energy consulting.
- FY2024 targets raised: net revenue $285-295M, adjusted EBITDA $52-54M, adjusted EPS $2.15-2.25.
- Year-to-date contract revenue $421.7M (+19%); net income $14.9M vs $2.9M.