AI Earnings Predictions for Willdan Group Inc. (WLDN)

EX-99.1

2 wldn-ex99d1.htm

EX-99.1

Exhibit 99.1

​

Willdan Group Reports

Third Quarter Results ​

ANAHEIM, Calif. –November 5, 2026 – Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today announced its financial results for the third quarter ended October 2, 2026.

​

Third Quarter 2026 Highlightsa

●Contract revenue of $214.5 million, up 17.9%.

●Net revenuec of $112.2 million, up 18.1%.

●Net income of $11.9 million, down 13.6%.

●Adjusted EBITDAc of $28.3 million, up 22.4%.

●GAAP Diluted EPS of $0.76, down 15.6%.

●Adjusted Diluted EPSc of $1.20, down 0.8%.

​

The nine months ended fiscal 2026 had one fewer week than the nine months ended fiscal 2025, thus normalized results are also presented.

​

Nine Months Year to Date 2026 Highlightsa, b

●Contract revenue of $600.7 million, up 18.3% (up 21.3% normalized).

●Net revenuec of $321.8 million, up 16.9% (up 19.9% normalized).

●Net income of $44.7 million, up 32.2% (up 35.6% normalized).

●Adjusted EBITDAc of $79.4 million, up 33.5% (up 36.9% normalized).

●GAAP Diluted EPS of $2.89, up 27.9%.

●Adjusted Diluted EPSc of $4.18, up 25.1%.

​

CEO Comments

“We delivered strong operational performance in the third quarter of 2026,” said Mike Bieber, Willdan’s President and Chief Executive Officer. “Net revenue grew 18% and adjusted EBITDA margin expanded to 25.2% in the quarter. We also closed the Mantis Innovation acquisition, the largest in our history, expanding our energy management services for commercial and industrial customers. Given our strong results and visibility, we are raising our FY2026 targets and are introducing preliminary FY2027 targets in advance of our formal outlook in late February. We are executing well and our markets are strong. Willdan is well positioned to cross the $1 billion revenue threshold and grow adjusted EBITDA by more than 25 percent in FY2027.”

​

Fiscal Year 2026 Financial Targets

●Net Revenuec between $435 million and $445 million.

●Adjusted EBITDAc between $109 million and $111 million.

●Adjusted Diluted EPSc between $5.15 per share and $5.25 per share.

​

Assumes 15.9 million diluted shares, 0% effective tax rate, and no future acquisitions.

​

Fiscal Year 2027 Preliminary Financial Targets

●Contract Revenue > $1 billion

●Net Revenuec > $0.5 billion

●Adjusted EBITDAc > $140 million

​

Assumes no future acquisitions.

​

a. As compared to the same period of fiscal year 2025. b. Normalized to reflect the 39-week three quarters of fiscal 2026 versus the 40-week three quarters of fiscal 2025. c. See “Use of Non-GAAP Financial Measures” below.

Third Quarter 2026 Conference Call

​

Willdan will be hosting a conference call to discuss its third quarter financial results today, at 5:30 p.m. Eastern/2:30 p.m. Pacific. To access the call, listeners should dial 877-407-2988 (or 201-389-0923). The conference call will be webcast simultaneously on Willdan’s website at https://edge.media-server.com/mmc/p/g9h8kboz/.

​

A replay of the conference call will be available through Willdan’s website at https://ir.willdangroup.com/events-presentations.

​

About Willdan Group, Inc.

​

Willdan Group, Inc. is a technical services company focused on energy and infrastructure solutions. The Company’s solutions include energy planning and analytics, consulting, software, public finance, engineering, and program implementation. Willdan serves utilities, state and local governments, and commercial customers in the United States and Canada. For additional information, visit Willdan's website at www.willdan.com.

​

Use of Non-GAAP Financial Measures

​

“Net Revenue,” defined as contract revenue as reported in accordance with U.S. generally accepted accounting principles (“GAAP”) minus subcontractor services and other direct costs, is a non-GAAP financial measure. Net Revenue is a supplemental measure that Willdan believes enhances investors’ ability to analyze Willdan’s business trends and performance because it substantially measures the work performed by Willdan’s employees. In the course of providing services, Willdan routinely subcontracts various services. Generally, these subcontractor services and other direct costs are passed through to Willdan’s clients and, in accordance with GAAP and industry practice, are included in Willdan’s revenue when it is Willdan’s contractual responsibility to procure or manage such subcontracted activities. Because subcontractor services and other direct costs can vary significantly from project to project and period to period, changes in revenue may not necessarily be indicative of Willdan’s business trends. Accordingly, Willdan segregates subcontractor services and other direct costs from revenue to promote a better understanding of Willdan’s business by evaluating revenue exclusive of subcontract services and other direct costs associated with external service providers. A reconciliation of Willdan’s contract revenue as reported in accordance with GAAP to Net Revenue is provided at the e

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1786388851.cf9fbd34

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

EX-99.1

2 wldn-20260507xex99d1.htm

EX-99.1

Exhibit 99.1

​

Willdan Group Reports

First Quarter Results ​

ANAHEIM, Calif. –May 7, 2026 – Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN) today announced its financial results for the first quarter ended April 3, 2026.

​

The first quarter of fiscal 2026 had one fewer week than the first quarter of fiscal 2025, thus normalized results are also presented.

​

First Quarter 2026 Highlightsa

●Contract revenue of $155.1 million, up 1.8% (up 9.6% normalized).

●Net revenueb of $92.4 million, up 8.3% (up 16.6% normalized).

●Net income of $8.5 million, up 82.0% (up 96.0% normalized).

●Adjusted EBITDAb of $18.1 million, up 25.4% (up 35.0% normalized).

●GAAP Diluted EPS of $0.55, up 71.9%.

●Adjusted Diluted EPSb of $0.91, up 44.4%.

​

Executive Management Comments

“We are off to a strong start in 2026,” said Mike Bieber, Willdan’s President and Chief Executive Officer. “The results reflect strong demand for our energy solutions, with margin expansion driven by improved productivity and increased commercial customer mix. Subsequent to quarter end, and announced earlier this week, we completed the acquisition of Burton Energy Group, which serves the Fortune 500 and more than doubles our services to the commercial market. Burton is a management consultant and solutions provider that strengthens our national presence, deepens our energy efficiency capabilities and adds energy procurement. Reflecting the strength of our underlying business and outlook, we are raising our 2026 financial targets and long-term margin goal. We now expect 2026 Adjusted EBITDA growth to increase by 26% to 32% year over year.”

​

Fiscal Year 2026 Financial Targets

●Net Revenueb between $410 million and $425 million.

●Adjusted EBITDAb between $100 million and $105 million.

●Adjusted Diluted EPSb between $4.90 per share and $5.05 per share.

​

Assumes 15.9 million diluted shares, 0% effective tax rate, and no future acquisitions.

​

Long-Term Financial Goals

●Revenue and Net Revenue 15%-20% annual growth including acquisitions.

●Annual Adjusted EBITDA to Net Revenue margin in the high 20s%.

​

a. As compared to the same period of fiscal year 2025. Normalized to reflect the 13-week first quarter of fiscal 2026 versus the 14-week first quarter of fiscal 2025. b. See “Use of Non-GAAP Financial Measures” below.

​

​

First Quarter 2026 Conference Call

​

Willdan will be hosting a conference call to discuss its first quarter financial results today, at 5:30 p.m. Eastern/2:30 p.m. Pacific. To access the call, listeners should dial 877-407-2988 (or 201-389-0923). The conference call will be webcast simultaneously on Willdan’s website at https://edge.media-server.com/mmc/p/7q4crris/.

​

A replay of the conference call will be available through Willdan’s website at https://ir.willdangroup.com/news-events/event-calendar.

​

About Willdan Group, Inc.

​

Willdan Group, Inc. is a technical services company focused on energy and infrastructure solutions. The Company’s solutions include energy planning and analytics, consulting, software, public finance, engineering, and program implementation. Willdan serves utilities, state and local governments, and commercial customers in the United States and Canada. For additional information, visit Willdan's website at www.willdan.com.

​

Use of Non-GAAP Financial Measures

​

“Net Revenue,” defined as contract revenue as reported in accordance with U.S. generally accepted accounting principles (“GAAP”) minus subcontractor services and other direct costs, is a non-GAAP financial measure. Net Revenue is a supplemental measure that Willdan believes enhances investors’ ability to analyze Willdan’s business trends and performance because it substantially measures the work performed by Willdan’s employees. In the course of providing services, Willdan routinely subcontracts various services. Generally, these subcontractor services and other direct costs are passed through to Willdan’s clients and, in accordance with GAAP and industry practice, are included in Willdan’s revenue when it is Willdan’s contractual responsibility to procure or manage such subcontracted activities. Because subcontractor services and other direct costs can vary significantly from project to project and period to period, changes in revenue may not necessarily be indicative of Willdan’s business trends. Accordingly, Willdan segregates subcontractor services and other direct costs from revenue to promote a better understanding of Willdan’s business by evaluating revenue exclusive of subcontract services and other direct costs associated with external service providers. A reconciliation of Willdan’s contract revenue as reported in accordance with GAAP to Net Revenue is provided at the end of this press release. A reconciliation of targeted contract revenue for fiscal year 2026 as reported in accordance with GAAP to targeted Net Revenues for fiscal year 2026, which is a forward-looking