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Jul 04
Willdan Group Q2 2025 Earnings Report
Willdan Group reported strong financial results for the second quarter ended July 4, 2025, with significant increases in revenue, net income, and earnings per share.
Key Takeaways
Willdan Group delivered a robust second quarter in 2025, showcasing double-digit growth in net revenue and adjusted EBITDA, alongside triple-digit growth in earnings per share. These strong results were driven by consistent execution, new contract wins, and successful strategic acquisitions, leading the company to raise its full-year financial targets.
Contract revenue increased by 23.0% to $173.5 million in Q2 2025.
Net revenue grew by 31.1% to $95.0 million, reflecting strong operational performance.
Net income surged by 236.0% to $15.4 million, indicating significant profitability improvements.
Adjusted Diluted EPS rose by 172.7% to $1.50, demonstrating enhanced shareholder value.
Willdan Group
Willdan Group
Willdan Group Revenue by Segment
Revenue by Segment
Energy Revenue
CapyFin.comEngineering and Consulting Revenue
CapyFin.com Forward Guidance
Willdan Group is raising its financial targets for fiscal year 2025, anticipating continued strong performance driven by accelerating electricity load growth from data centers and broader electrification trends.
Positive Outlook
- Net revenue is expected to be between $340 million and $350 million.
- Adjusted EBITDA is projected to be between $70 million and $73 million.
- Adjusted Diluted EPS is forecasted to be between $3.50 and $3.65 per share.
- The company expects consistent execution in core programs and new contract wins.
- Strategic acquisitions are anticipated to contribute positively to future results.
Challenges Ahead
- Forward guidance assumes 15.1 million diluted shares.
- A 15% effective tax rate benefit is assumed.
- Guidance does not include any future acquisitions.
- Reconciliation of targeted GAAP revenue to Net Revenue is not provided due to prediction difficulties.
- Reconciliation of targeted GAAP net income to Adjusted EBITDA is not provided due to prediction difficulties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income