Willdan posts transcript of Q2 FY 2026 earnings call

Willdan discussed fiscal Q2 2026 results on an Aug. 6 call with CEO Mike Bieber, CFO Kim Early, and IR VP Al Kaschalk.

• Q2 contract revenue rose 33% to USD 231 million; net revenue rose 23% to USD 117 million; adjusted EBITDA rose 51% to USD 33 million.
• Adjusted EBITDA margin reached a record 28.2% of net revenue; gross margin fell 150 bps on a mix shift toward commercial projects.
• Management raised FY 2026 targets: net revenue USD 415-430 million; adjusted EBITDA USD 103-107 million; adjusted EPS USD 5-5.15.
• CEO flagged LADWP’s USD 110 million solar streetlight expansion as the key variable, with ramp expected through Q3 into Q4 or early 2027.