Willdan Group Q3 2021 Earnings Report
Key Takeaways
Willdan Group reported third quarter results with a consolidated contract revenue of $98.3 million and net revenue of $54.5 million. Net income was $0.8 million, or $0.06 per diluted share, and adjusted EBITDA was $10.1 million. The company saw a significant improvement from its second quarter results, driven by the restart of the LADWP program and new contract wins, including a three-year, $90 million contract with a large New York agency.
Consolidated contract revenue decreased 5.9% year-over-year to $98.3 million.
Net revenue increased 6.8% year-over-year to $54.5 million.
Net income was $0.8 million, or $0.06 per diluted share.
Adjusted EBITDA was $10.1 million.
Willdan Group
Willdan Group
Forward Guidance
Willdan expects to achieve double-digit organic growth in each of the next three years.