Willdan Q4 EPS Beats by 98.7%, Revenues Up 12.9%, Shares Drop 13%
Willdan reported Q4 adjusted EPS of $1.57, 98.7% above consensus; net revenues rose 12.9% to $89.5 million, but shares fell 13% after hours. Fiscal 2025 net revenues climbed 23.1% to $364.8 million and adjusted EBITDA jumped 40.2% to $79.5 million; the company sees fiscal 2026 revenues of $390 million–$405 million with EBITDA of $85 million–$90 million.
1. Q4 earnings beat estimates
Willdan delivered adjusted Q4 EPS of $1.57, surpassing estimates by 98.7%, and generated $89.5 million in net revenues, up 12.9% year over year. However, the stock declined 13% in after-hours trading following the release.
2. Segment performance and expenses
Growth was driven by robust demand in the energy segment, where contract revenues rose to $148.3 million, while the engineering and consulting segment saw net revenues of $24.0 million. General and administrative expenses increased due to talent investments and acquisition integration costs.
3. Annual results and guidance
For fiscal 2025, Willdan reported net revenues of $364.8 million, a 23.1% gain, and adjusted EBITDA of $79.5 million, up 40.2%. The company forecasts fiscal 2026 net revenues of $390 million to $405 million with adjusted EBITDA of $85 million to $90 million.