Earnings Releases·Nov 5, 2026, 4:17 PM ET

Willdan Group — Third Quarter 2026 Earnings Summary

Q3 2026 contract and net revenue grew 17.9% and 18.1% year-over-year respectively, while adjusted EBITDA rose 22.4% to $28.3 million; however, net income and GAAP diluted EPS declined 13.6% and 15.6% year-over-year.
Management raised full-year 2026 guidance for net revenue ($435–$445M), adjusted EBITDA ($109–$111M), and adjusted diluted EPS ($5.15–$5.25), while introducing preliminary FY2027 targets projecting over $1 billion in contract revenue and $140 million in adjusted EBITDA.
The company completed the Mantis Innovation acquisition, its largest in history, driving $55.8 million in acquisition cash outflows and increasing goodwill to $223.2 million, alongside a 15.9% increase in total assets to $645.9 million.
Energy segment performance led growth with contract revenue up 19.4% to $184.8 million, contributing to an adjusted EBITDA margin of 25.2% in the quarter, though net cash provided by operating activities decreased to $32.9 million for the nine-month period.