NASDAQ$WLDN

Willdan Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Willdan Group's Q4 2021 earnings were reported.

Willdan Group reported a strong fourth quarter with consolidated contract revenue of $92.2 million and net revenue of $51.8 million. The company reported a net loss of $0.9 million, or $(0.07) per diluted share, but adjusted net income was $6.0 million, or $0.47 per diluted share. Adjusted EBITDA was $9.4 million.

  • Consolidated contract revenue was $92.2 million.
  • Net revenue was $51.8 million.
  • Net loss was $0.9 million, or $(0.07) per diluted share.
  • Adjusted EBITDA was $9.4 million.

Headline financials

Total Revenue

$51.8M

Previous: $50.8M+2.1%
EPS (adj)

$0.47

Previous: $0.46+2.2%
Adjusted EBITDA

$9.42M

Previous: $8.6M+9.5%
Adjusted Diluted EPS

$0.47

Previous: $0.46+2.2%
Capital Expenditures

$3.6M

No prior period
Free Cash Flow

$7.91M

No prior period
Net Income

-$890K

Previous: -$4M+77.7%
Operating Income

$1.13M

Previous: -$5.72M+119.7%
Gross Profit

$34.7M

No prior period
Cash & Equivalents

$11.2M

Previous: $28.4M-60.5%
Total Assets

$394M

No prior period
Stock-Based Comp

$2.21M

No prior period

Revenue & EPS history

Willdan Group · Revenue · Quarterly

$51.8M

Q4 2021+2.1%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Willdan Group · $92.2M total across 2 segments · Q4 2021

  • Energy
    $76.4M-6.6%
  • Engineering and Consulting
    $15.8M+4.7%

Forward guidance

Willdan Group anticipates growth in net revenue, adjusted EBITDA, and adjusted diluted EPS for 2022, assuming no changes in the current economic environment and excluding any effects from potential acquisitions.

Tailwinds

  • Net revenue growth of approximately 20%
  • Adjusted EBITDA growth of approximately 50%
  • Adjusted Diluted EPS growth of approximately 20%
  • Strong fourth quarter performance ahead of internal plan
  • Improving business across all areas

Headwinds

  • Financial targets assume no change in the current economic environment
  • Targets do not include the effects of any acquisitions
  • Certain components of the financial targets are subject to quarterly fluctuations
  • Net loss of $0.9 million for the quarter
  • Decreased consolidated contract revenue

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 2021

Historical avgQ4 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro