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Apr 03, 2020
Willdan Group Q1 2020 Earnings Report
Willdan Group's first quarter 2020 results were impacted by Covid-19 and work suspensions, but the company witnessed record cash flows from operations.
Key Takeaways
Willdan Group reported a consolidated contract revenue increase of 15.5% to $106.0 million for the first quarter of 2020. However, the company experienced a net loss of $8.2 million, or $(0.71) per diluted share, and an adjusted diluted earnings per share of $(0.13). Despite the negative impact of Covid-19, the company generated $16.5 million in cash flow from operations.
Consolidated contract revenue increased by 15.5% to $106.0 million.
Net revenue increased by 21.4% to $49.6 million.
Net loss was $8.2 million, or $(0.71) per diluted share.
Adjusted EBITDA was $1.3 million.
Willdan Group
Willdan Group
Willdan Group Revenue by Segment
Revenue by Segment
Energy Revenue
CapyFin.comEngineering and Consulting Revenue
CapyFin.com Forward Guidance
Due to the lack of visibility of expected results as a result of the Covid-19 pandemic, Willdan is not able to provide fiscal 2020 financial targets at this time. Willdan intends to resume providing financial targets when visibility improves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income