NASDAQ$WLDN

Willdan Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Willdan Group's financial performance was impacted by the pandemic, but adjusted EBITDA was only marginally down, and cash flow from operations reached a company record.

Willdan Group reported a decrease in consolidated contract revenue and a net loss for the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic. However, the company's adjusted EBITDA was down only marginally, and cash flow from operations reached a company record.

  • Consolidated contract revenue decreased by 20.0% to $83.5 million.
  • Net revenue decreased by 7.7% to $43.2 million.
  • Net loss was $5.0 million, or $(0.43) per diluted share.
  • Adjusted EBITDA was $7.2 million, or 16.7% of net revenue.

Headline financials

Total Revenue

$83.5M

Previous: $104M-20.0%
EPS (adj)

$0.17

Previous: $0.43-60.5%
Adjusted EBITDA

$7.2M

No prior period
Adjusted Diluted EPS

$0.17

No prior period
Capital Expenditures

-$2.95M

Previous: -$3.62M+18.6%
Free Cash Flow

-$16.1M

Previous: -$2.4M-571.3%
Net Income

-$13.1M

Previous: $1.22M-1174.3%
Operating Income

-$3.84M

Previous: $2.77M-238.5%
Gross Profit

$29.5M

Previous: $31.1M-5.2%
Cash & Equivalents

$17.2M

Previous: $27.6M-37.8%
Total Assets

$393M

Previous: $341M+15.2%
Stock-Based Comp

$4.23M

Previous: $2.22M+90.2%

Revenue & EPS history

Willdan Group · Revenue · Quarterly

$83.5M

Q2 2020-20%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Willdan Group · $83.5M total across 2 segments · Q2 2020

  • Energy
    $66.7M-21.8%
  • Engineering and Consulting
    $16.8M-11.9%

Forward guidance

Willdan estimates that pandemic related slowdowns and work suspensions are reducing revenue by approximately 20% from pre-pandemic levels.

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 Q2 2020

Historical avgQ2 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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