NASDAQ$WLDN
Willdan Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Willdan Group reported strong results in the third quarter of 2023, with revenue, profit, and cash all showing positive growth.
Willdan Group reported a strong third quarter in 2023, with consolidated contract revenue up 9.3% and net revenue up 10.8%. Net income increased to $1.6 million, and Adjusted EBITDA rose by 27.0%. The company is raising its full-year guidance for all financial targets.
- Consolidated contract revenue increased by 9.3% to $132.7 million.
- Net revenue grew by 10.8% to $65.3 million.
- Net income rose to $1.6 million, up from $0.1 million.
- Adjusted EBITDA increased by 27.0% to $10.1 million.
Headline financials
Revenue & EPS history
Willdan Group · Revenue · Quarterly
$133M
Revenue by segment
Willdan Group · $133M total across 2 segments · Q3 2023
- Energy$111M+8.2%83.6%
- Engineering and Consulting$21.7M+15.6%16.4%
Forward guidance
Willdan is increasing all of its financial targets for 2023 and now expects: Net revenue growth between 10% and 12%. Adjusted Diluted EPS between $1.33 per share and $1.38 per share. Adjusted EBITDA between $40 million and $42 million.
Tailwinds
- Net revenue growth between 10% and 12%
- Adjusted Diluted EPS between $1.33 per share and $1.38 per share
- Adjusted EBITDA between $40 million and $42 million
- Strong results in revenue
- Strong results in profit
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 2023
+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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