Aug. 7 at 8:32 PM
$WLDN earnings just dropped. Here's the breakdown:
Willdan surged in Q2, with revenue up 23% YoY to
$173.5M and net revenue up 31% to
$95M. Adjusted EBITDA jumped 71% to
$21.9M, while GAAP EPS rose 212% to
$1.03 and Adjusted EPS hit
$1.50, up 173%.
Net income came in at
$15.4M vs.
$4.6M last year, aided by strong execution in core energy and infrastructure programs, new contract wins, and recent acquisitions. Gross margin expanded materially, and operating leverage kicked in as G&A expenses grew slower than top-line.
WLDN also raised full-year guidance across the board:
Net revenue:
$340M–
$350M
Adj. EBITDA:
$70M–
$73M
Adj. EPS:
$3.50–
$3.65
CEO cites demand tailwinds from data centers, electrification, and resilient grid spending as key drivers. Backlog appears strong heading into 2H.
