NASDAQ$WLDN
Willdan Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Willdan Group's second quarter results were announced, revealing revenue growth but a net loss due to California Investor Owned Utility headwinds and no major software sales.
Willdan Group reported a 22% increase in consolidated contract revenue and a 12% increase in net revenue compared to the second quarter of last year. However, the company faced profitability challenges due to California Investor Owned Utility headwinds and the absence of major software sales, resulting in a net loss of $4.3 million, or $(0.33) per diluted share.
- Consolidated contract revenue reached $102.6 million.
- Net revenue was reported at $52.9 million.
- Net loss amounted to $4.3 million, or $(0.33) per diluted share.
- Adjusted EBITDA was $1.2 million.
Headline financials
Revenue & EPS history
Willdan Group · Revenue · Quarterly
$103M
Revenue by segment
Willdan Group · $103M total across 2 segments · Q2 2022
- Energy$84.7M+166.3%82.5%
- Engineering and Consulting$18M+16.3%17.5%
Forward guidance
Willdan anticipates an inflection point in the latter half of the year where CA IOU contract revenue will significantly exceed costs. The company also foresees a strong pipeline of software license opportunities capitalizing on electric vehicle growth and electrification for energy decarbonization. Civil engineering, energy consulting, and financial advisory businesses are expected to maintain their positive performance into 2023.
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 2022
+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
| Quarter | Report date | Reaction (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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