Business Wire·Aug 6, 2026, 4:08 PM ET

Willdan Group Reports Second Quarter Results

WLDN

Willdan Group, Inc. announced financial results for the second quarter ended July 3, 2026.
Second quarter contract revenue reached $231.0 million, representing a 33.2% increase.
Second quarter net revenue totaled $117.2 million, up 23.5% year-over-year.
Second quarter net income was $24.3 million, reflecting a 57.7% growth.
Second quarter adjusted EBITDA rose to $33.0 million, a 50.6% increase.
Second quarter GAAP diluted EPS was $1.58, up 53.4%.
Second quarter adjusted diluted EPS was $2.07, up 38.0%.
Six-month contract revenue for fiscal 2026 was $386.1 million, up 18.5% (23.1% normalized).
Six-month net revenue was $209.7 million, up 16.3% (20.8% normalized).
Six-month net income was $32.9 million, up 63.4% (69.7% normalized).
Six-month adjusted EBITDA was $51.1 million, up 40.6% (46.0% normalized).
Six-month GAAP diluted EPS was $2.13, up 56.6%.
Six-month adjusted diluted EPS was $2.98, up 39.3%.
CEO Mike Bieber cited 18% organic growth driven by strong demand for energy solutions.
The company raised its fiscal year 2026 financial targets due to strong performance.
Fiscal year 2026 net revenue guidance is set between $415 million and $430 million.
Fiscal year 2026 adjusted EBITDA guidance is set between $103 million and $107 million.
Fiscal year 2026 adjusted diluted EPS guidance is set between $5.00 and $5.15 per share.
Long-term financial goals include 15%-20% annual revenue growth including acquisitions.
Long-term goals target an annual adjusted EBITDA to net revenue margin in the high 20s%.
Willdan hosted a conference call on August 6, 2026, to discuss these results.
The company serves utilities, governments, and commercial customers in the U.S. and Canada.
Subcontractor services and other direct costs accounted for 45.7% of contract revenue in the first half of 2026.
Total assets as of July 3, 2026, stood at $634.875 million.
Total stockholders' equity as of July 3, 2026, was $350.465 million.