Willdan Group (NASDAQ:WLDN) Posts Earnings Results

Willdan Group (NASDAQ:WLDN) announced its earnings results on Thursday. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12, reports. Willdan Group had a return on equity of 24.51% and a net margin of 8.80%. The firm had revenue of $214.53 million for the quarter, compared to analysts’ expectations of $107.77 million.

Here are the key takeaways from Willdan Group’s conference call:

• Willdan reported 18% growth in third-quarter net revenue to $112 million and 22% growth in adjusted EBITDA to $28.3 million, with the adjusted EBITDA margin expanding to 25.2%. Record nine-month results led the company to raise its 2026 targets to $435 million–$445 million in net revenue and $109 million–$111 million in adjusted EBITDA.
• The company closed its acquisition of Mantis Innovation, which is expected to contribute about $75 million in net revenue in 2026 and expand Willdan’s commercial and industrial energy-management business. Management said the acquisition broadens the client base and creates opportunities to cross-sell services.
• Willdan introduced preliminary 2027 targets of $1 billion in contract revenue, more than $500 million in net revenue, and over $140 million in adjusted EBITDA, citing continued demand and expected growth across its customer segments.
• Third-quarter GAAP net income fell to $11.9 million from $13.7 million, and diluted EPS declined to $0.76 from $0.90. A higher effective tax rate and increased stock compensation and amortization weighed on results; adjusted EPS was essentially flat year over year.
• After financing the Mantis acquisition, Willdan reported pro forma net leverage of about 2.3 times adjusted EBITDA, up from 0.2 times at quarter-end. Management plans to prioritize debt reduction and expects leverage below 2.0 times by the third quarter of 2027.

Willdan Group Stock Performance

NASDAQ WLDN opened at $70.85 on Friday. The firm has a 50-day moving average of $77.60 and a 200-day moving average of $86.20. The stock has a market cap of $1.08 billion, a PE ratio of 14.90 and a beta of 1.28. Willdan Group has a 52-week low of $64.67 and a 52-week high of $137.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.37 and a current ratio of 1.37.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WLDN. Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Willdan Group in a research report on Wednesday, September 23rd. Wall Street Zen raised Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Yorkville Ives assumed coverage on Willdan Group in a research report on Monday, October 5th. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $118.33.

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $79.36, for a total transaction of $389,260.80. Following the transaction, the director owned 96,687 shares in the company, valued at $7,673,080.32. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 67,101 shares of company stock valued at $5,871,388. Insiders own 5.60% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc (NASDAQ:WLDN) is a professional services company that provides technical, consulting and infrastructure solutions to utilities, government agencies and commercial clients. The company operates primarily in the United States, with a strong presence in California and other markets where energy, infrastructure and public-sector modernization services are in demand.

Through its energy-focused operations, Willdan designs and implements energy-efficiency, demand-response, electrification and distributed-energy programs.