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Dec 31, 2021
Willdan Group Q4 2021 Earnings Report
Willdan Group's Q4 2021 earnings were reported.
Key Takeaways
Willdan Group reported a strong fourth quarter with consolidated contract revenue of $92.2 million and net revenue of $51.8 million. The company reported a net loss of $0.9 million, or $(0.07) per diluted share, but adjusted net income was $6.0 million, or $0.47 per diluted share. Adjusted EBITDA was $9.4 million.
Consolidated contract revenue was $92.2 million.
Net revenue was $51.8 million.
Net loss was $0.9 million, or $(0.07) per diluted share.
Adjusted EBITDA was $9.4 million.
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 anticipates growth in net revenue, adjusted EBITDA, and adjusted diluted EPS for 2022, assuming no changes in the current economic environment and excluding any effects from potential acquisitions.
Positive Outlook
- Net revenue growth of approximately 20%
- Adjusted EBITDA growth of approximately 50%
- Adjusted Diluted EPS growth of approximately 20%
- Strong fourth quarter performance ahead of internal plan
- Improving business across all areas
Challenges Ahead
- Financial targets assume no change in the current economic environment
- Targets do not include the effects of any acquisitions
- Certain components of the financial targets are subject to quarterly fluctuations
- Net loss of $0.9 million for the quarter
- Decreased consolidated contract revenue
Revenue & Expenses
Visualization of income flow from segment revenue to net income