Willdan Group Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 results featured double-digit normalized revenue growth, record adjusted EBITDA, and a major acquisition expanding commercial exposure. Raised 2026 guidance and long-term margin targets, with robust contract wins and no current growth constraints.
Fiscal Year 2025
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Record 2025 results featured 23% net revenue growth, 40% adjusted EBITDA growth, and margins above 20%. Strong cash flow and a net cash position support robust 2026 guidance, though EPS is impacted by expiring tax benefits.
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Q3 2025 delivered record results with 26% net revenue growth and 20% organic growth, driven by strong demand across utilities, commercial, and government segments. Margins expanded, liquidity remained robust, and full-year guidance was raised, reflecting confidence in continued growth.
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Record Q2 and first half 2025 results featured 31% net revenue growth and 23% organic growth, with strong performance across all segments and major contract wins. Raised full-year guidance, maintained low leverage, and highlighted a robust pipeline amid favorable industry trends.
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Record Q1 results with 24% revenue growth, 31% higher adjusted EBITDA, and 59% net income increase. Raised 2025 guidance on broad-based strength, strong contract wins, and expanded credit facilities, while monitoring tariff risks and maintaining low leverage.
Fiscal Year 2024
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Record 2024 results featured double-digit revenue and profit growth, robust free cash flow, and successful acquisitions expanding commercial and technical capabilities. 2025 guidance exceeds consensus, with strong demand across all segments and a focus on data center and energy efficiency markets.
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Strong multi-year growth is driven by electrification trends, robust utility and municipal demand, and strategic M&A. Margins and earnings have doubled, supported by stable funding sources and minimal process risk. The business is well-positioned for continued expansion and market leadership.
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Record Q3 with 19% organic revenue growth, 50% higher Adjusted EBITDA, and raised full-year guidance. Major contract wins, strategic acquisition of Enica, and strong state/local government and utility demand drive momentum.
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Record Q2 with 18% organic revenue growth and 56% higher Adjusted EBITDA, driven by strong demand across government, utility, and commercial clients. Full-year guidance raised, balance sheet strengthened, and major contract wins position the company for continued growth.