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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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