NASDAQ$WLDN

Willdan Group Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Willdan Group's first quarter 2020 results were impacted by Covid-19 and work suspensions, but the company witnessed record cash flows from operations.

Willdan Group reported a consolidated contract revenue increase of 15.5% to $106.0 million for the first quarter of 2020. However, the company experienced a net loss of $8.2 million, or $(0.71) per diluted share, and an adjusted diluted earnings per share of $(0.13). Despite the negative impact of Covid-19, the company generated $16.5 million in cash flow from operations.

  • Consolidated contract revenue increased by 15.5% to $106.0 million.
  • Net revenue increased by 21.4% to $49.6 million.
  • Net loss was $8.2 million, or $(0.71) per diluted share.
  • Adjusted EBITDA was $1.3 million.

Headline financials

Total Revenue

$106M

Previous: $91.8M+15.5%
EPS (adj)

-$0.13

Previous: $0.22-159.1%
Adjusted EBITDA

$1.3M

Previous: $4.7M-72.3%
Capital Expenditures

-$2.16M

Previous: -$1.93M-11.8%
Free Cash Flow

-$10.3M

Previous: -$2.35M-339.5%
Net Income

-$8.15M

Previous: -$417K-1855.4%
Operating Income

-$8.27M

Previous: -$234K-3433.8%
Gross Profit

$30.7M

Previous: $25.9M+18.3%
Cash & Equivalents

$12.3M

Previous: $11.1M+11.2%
Total Assets

$413M

Previous: $320M+28.9%
Stock-Based Comp

$4.6M

Previous: $1.82M+152.9%

Revenue & EPS history

Willdan Group · Revenue · Quarterly

$106M

Q1 2020+15.5%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Willdan Group · $106M total across 2 segments · Q1 2020

  • Energy
    $87.8M+17.5%
  • Engineering and Consulting
    $18.2M+6.4%

Forward guidance

Due to the lack of visibility of expected results as a result of the Covid-19 pandemic, Willdan is not able to provide fiscal 2020 financial targets at this time. Willdan intends to resume providing financial targets when visibility improves.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.3%

Avg return

Earnings day

+5.9%

Avg return

5 days after

+8.7%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+29.7%

Q4 2024

Best reaction

-25.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%+22.6%+28.1%
Q4 2025-25.4%-29.9%-33.3%
Q3 2025+7.1%+10.4%+22.3%
Q1 2025+4.1%+13.0%+40.5%
Q4 2024+29.7%+23.7%+20.1%
Q3 2024-8.4%-9.0%-8.4%
Q2 2024+9.2%+7.3%+12.5%
Q1 2024+9.2%+15.4%+13.3%
Q4 2023+24.0%+31.3%+40.9%
Q3 2023+12.0%+9.8%+20.2%
Q2 2023+23.3%+22.6%+22.9%
Q1 2023+8.3%+17.5%+19.1%
Q4 2022-9.3%-1.0%-12.7%
Q3 2022+27.7%+25.7%+20.6%
Q2 2022-3.6%-3.6%-24.1%
Q1 2022-9.1%-12.7%-10.0%
Q4 2021-13.8%-19.2%-12.2%
Q3 2021+0.6%+6.6%+5.8%
Q2 2021-8.5%-2.7%-2.1%
Q1 2021+2.5%-0.9%+6.3%
Q4 2020+0.4%-8.4%-11.8%
Q3 2020+27.7%+36.1%+33.8%
Q2 2020+10.8%+11.3%+8.7%
Q1 2020-0.4%-6.6%+22.1%
Q4 2019+5.3%-13.0%-39.7%
Q3 2019-22.8%-20.7%-27.4%
Q2 2019-5.9%-7.5%+3.3%
Q1 2019-3.3%-3.8%-21.6%
Q4 2018-5.8%-3.5%-1.6%
Q3 2018+14.6%+23.9%+24.8%
Q2 2018+4.7%+16.7%+10.8%
Q1 2018-2.8%-8.8%+1.4%
Q4 2017+16.4%+14.1%+31.1%
Q3 2017-10.1%-10.6%-13.4%
Q2 2017+0.8%+9.5%-6.4%
Q1 2017+13.2%+10.3%+18.4%
Q4 2016+18.1%+20.1%+14.2%
Q3 2016+5.7%+18.0%+50.1%
Q2 2016+19.9%+28.0%+71.5%
Q1 2016+0.7%
Q4 2015+3.8%
Q3 2015-24.7%
Q2 2015-5.9%
Q1 2015+2.0%
Q4 2014-14.3%
Q3 2014+8.2%
Q2 2014+15.4%
Q1 2014+6.1%
Q4 2013-4.4%
Q3 2013+0.0%
Q2 2013+5.6%
Q1 2013+9.7%
Q4 2012+0.0%
Q3 2012-5.0%
Q2 2012+1.9%
Q1 2011-10.5%
Q1 2012-10.5%
Q4 2011-1.1%
Q1 2010-1.1%
Q3 2010+4.4%
Q3 2011+4.4%
Q2 2010+0.3%
Q4 2010+0.3%
Q2 2011+0.3%

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