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Stock impact report

Willdan Group Reports First Quarter Results

Willdan Group, Inc. (WLDN) 
Last willdan group, inc. earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.willdangroup.com/investor-relations
Company Research Source: Business Wire
ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today reported financial results for its first quarter ended March 29, 2024.“We had an excellent first quarter,” said Mike Bieber, Willdan’s President and Chief Executive Officer. “Revenue, profitability, earnings, and cash flow were above expectations. We saw strength in both government and utility customers, plus strong software sales. The rapid growth in electricity demand from artificial intelligence and data centers is becoming a new catalyst in our market.”First Quarter 2024 Highlights*Consolidated contract revenue of $122.5 million, up 19.4%.Net revenue** of $68.9 million, up 11.7%.Net income of $2.9 million, up from net income of $0.9 million.Adjusted EBITDA** of $11.0 million, up 11.7%.GAAP Diluted EPS of $0.21, up from $0.07.Adjusted Diluted EPS** of $0.40, up from $0.32.Fiscal Year 2024 Financial TargetsWe are reaffirming our 2024 financial targets:Net revenue** between $270 million and $28 Show less Read more
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