NASDAQ$WLDN
Willdan Group Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Willdan Group's third quarter results reflected growth in contract and net revenue, driven by strong performance in construction management, civil engineering, and energy consulting businesses.
Willdan Group reported a 23.5% increase in consolidated contract revenue and an 8.2% increase in net revenue for the third quarter of 2022. Net income was $0.1 million, or $0.01 per diluted share, while adjusted EBITDA was $8.0 million.
- Consolidated contract revenue increased by 23.5% to $121.4 million.
- Net revenue increased by 8.2% to $58.9 million.
- Net income was $0.1 million, or $0.01 per diluted share.
- Adjusted EBITDA was $8.0 million.
Headline financials
Revenue & EPS history
Willdan Group · Revenue · Quarterly
$121M
Revenue by segment
Willdan Group · $121M total across 2 segments · Q3 2022
- Energy$103M—84.5%
- Engineering and Consulting$18.8M—15.5%
Forward guidance
The Company re-affirms financial targets as follows:
Tailwinds
- Net revenue growth of at least 10%
- Adjusted EBITDA margin (as percent of net revenue) of at least 10%
- NULL
- NULL
- NULL
Headwinds
- Willdan’s ability to adequately complete projects in a timely manner
- Willdan’s ability to compete successfully in the highly competitive energy services market
- Willdan’s reliance on work from its top ten clients
- Changes in state, local and regional economies and government budgets
- Willdan’s ability to win new contracts, to renew existing contracts and to compete effectively for contracts awarded through bidding processes
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 Q3 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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