Willdan Group Q1 2020 Earnings Report
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
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