Willdan Group (NASDAQ:WLDN) Issues Quarterly Earnings Results

Willdan Group (NASDAQ:WLDN) issued its earnings results on Thursday. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12, reports. The company had revenue of $214.53 million for the quarter, compared to analysts’ expectations of $107.77 million. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%.

Here are the key takeaways from Willdan Group’s conference call:

• Willdan reported 18% growth in third-quarter net revenue to $112 million and 22% growth in adjusted EBITDA to $28.3 million, with the adjusted EBITDA margin expanding to 25.2%. Record nine-month results led the company to raise its 2026 targets to $435 million–$445 million in net revenue and $109 million–$111 million in adjusted EBITDA.
• The company closed its acquisition of Mantis Innovation, which is expected to contribute about $75 million in net revenue in 2026 and expand Willdan’s commercial and industrial energy-management business. Management said the acquisition broadens the client base and creates opportunities to cross-sell services.
• Willdan introduced preliminary 2027 targets of $1 billion in contract revenue, more than $500 million in net revenue, and over $140 million in adjusted EBITDA, citing continued demand and expected growth across its customer segments.
• Third-quarter GAAP net income fell to $11.9 million from $13.7 million, and diluted EPS declined to $0.76 from $0.90. A higher effective tax rate and increased stock compensation and amortization weighed on results; adjusted EPS was essentially flat year over year.
• After financing the Mantis acquisition, Willdan reported pro forma net leverage of about 2.3 times adjusted EBITDA, up from 0.2 times at quarter-end. Management plans to prioritize debt reduction and expects leverage below 2.0 times by the third quarter of 2027.

Willdan Group Price Performance

WLDN opened at $70.85 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of 14.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50-day moving average is $77.60 and its two-hundred day moving average is $86.20. Willdan Group has a 1 year low of $64.67 and a 1 year high of $137.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WLDN. Yorkville Ives assumed coverage on shares of Willdan Group in a research report on Monday, October 5th. They issued an “outperform” rating and a $100.00 price target for the company. Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research raised shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Willdan Group in a research note on Wednesday, September 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Willdan Group presently has a consensus rating of “Buy” and an average price target of $118.33.

Insider Activity at Willdan Group

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $79.36, for a total transaction of $389,260.80. Following the completion of the sale, the director directly owned 96,687 shares of the company’s stock, valued at approximately $7,673,080.32. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 67,101 shares of company stock worth $5,871,388 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Willdan Group News Roundup

Here are the key news stories impacting Willdan Group this week:

• Positive Sentiment: Q3 contract revenue rose 17.9% to $214.5 million, net revenue increased 18.1% to $112.2 million, and adjusted EBITDA grew 22.4% to $28.3 million. Adjusted diluted EPS of $1.20 topped the roughly $1.08 analyst consensus. Willdan Group Reports Third Quarter Results
• Positive Sentiment: Willdan was selected as one of 26 providers for the New York Power Authority’s Energy Services Program. The ten-year value contracts could generate project opportunities, though work is assigned as needed rather than guaranteed upfront. Willdan Selected To Be a NYPA Statewide Energy Services Provider
• Positive Sentiment: Willdan also announced engineering work for energy infrastructure projects totaling 643 MW, adding to its potential project activity. Willdan to Provide Engineering for 643 MW in Energy Infrastructure Projects
• Neutral Sentiment: Earnings-call coverage highlighted double-digit growth, Mantis, strategic acquisitions, and ambitious growth targets, but the available reports did not provide further details on those initiatives. Q3 2026 Earnings Call Highlights
• Negative Sentiment: Despite the revenue and adjusted EBITDA gains, net income fell 13.6% to $11.9 million and GAAP diluted EPS declined 15.6% to $0.76. Adjusted EPS was also slightly below its year-ago level, signaling that growth has not yet translated into higher per-share earnings. Willdan Group Reports Third Quarter Results

Willdan Group Company Profile

Willdan Group, Inc (NASDAQ:WLDN) is a professional services company that provides technical, consulting and infrastructure solutions to utilities, government agencies and commercial clients. The company operates primarily in the United States, with a strong presence in California and other markets where energy, infrastructure and public-sector modernization services are in demand.

Through its energy-focused operations, Willdan designs and implements energy-efficiency, demand-response, electrification and distributed-energy programs.