Willdan reports FY 2024 net income up 107%; guides FY 2025 revenue up ~10%

Willdan Group, Inc.

FY 2024 contract revenue $565.8M (+10.9% YoY); net income $22.6M vs $10.9M; adjusted EBITDA $56.8M (+24.2%).
GAAP diluted EPS $1.58 (+97.5%); adjusted diluted EPS $2.43 (+38.9%); Q4 GAAP EPS $0.53 (-8.6%).
Q4 contract revenue $144.1M (-7.5%); net revenue $79.3M (-1.9%); net income $7.7M (-4.3%).
FY 2025 targets: net revenue $320-330M, adjusted EBITDA $63-67M, adjusted diluted EPS $2.70-$2.85.
Acquired Alternative Power Generation for substation engineering for data centers and renewables (no deal value disclosed).

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