NASDAQ$WLDN

Willdan Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Willdan Group's Q4 2020 earnings decreased due to the impact of COVID-19 and increased expenses.

Willdan Group reported a decrease in consolidated contract revenue and net revenue for Q4 2020, primarily due to the COVID-19 pandemic. The company experienced a net loss of $4.0 million, or $(0.33) per diluted share, compared to a net income of $3.2 million, or $0.27 per diluted share, for the fourth quarter of 2019.

  • Consolidated contract revenue decreased by 25.1% to $96.9 million.
  • Net revenue decreased by 16.8% to $50.8 million.
  • Net loss was $4.0 million, or $(0.33) per diluted share.
  • Adjusted EBITDA was $8.6 million, representing 16.9% of net revenue.

Headline financials

Total Revenue

$50.8M

Previous: $61M-16.8%
EPS (adj)

$0.46

Previous: $0.97-52.6%
Adjusted EBITDA

$8.6M

Previous: $13.8M-37.7%
Adjusted Diluted EPS

$0.46

Previous: $0.97-52.6%
Net Income

-$4M

Previous: $3.2M-224.8%
Operating Income

-$5.72M

Previous: $5.53M-203.4%
Cash & Equivalents

$28.4M

Previous: $5.45M+421.0%

Revenue & EPS history

Willdan Group · Revenue · Quarterly

$50.8M

Q4 2020-16.8%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Willdan Group · $96.9M total across 2 segments · Q4 2020

  • Energy
    $81.8M-27.5%
  • Engineering and Consulting
    $15.1M-9.1%

Forward guidance

Willdan was awarded California Investor Owned Utility (“IOU”) contracts that, on a weighted average basis, represent approximately $150 million per year in incremental contract revenue in the next three to five years if we successfully execute the work. These new wins solidify our market position in California and we believe are large enough to drive double digit organic growth potential for the next two years.

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 Q4 2020

Historical avgQ4 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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