Overview

* Willdan ( WLDN ) Q2 contract revenue rises 23%

* Q2 Net revenue

of $95.0 million, up 31.1%, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 beats estimates, rising 70.7%

* Company raises fiscal 2025 financial targets, reflecting strong outlook

Outlook

* Willdan ( WLDN ) raises FY 2025 net revenue target to $340 mln-$350 mln

* Company expects FY 2025 adjusted EBITDA of $70 mln-$73 mln

* Willdan ( WLDN ) projects FY 2025 adjusted diluted EPS of $3.50-$3.65

Result Drivers

* CORE PROGRAM EXECUTION - Strong results attributed to consistent execution in core programs, per CEO Mike Bieber

* ELECTRIFICATION TRENDS - Increased demand for reliable power and resilient grid infrastructure driven by data centers and electrification trends

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $95.00 $83.50

Revenue mln mln (2

Analysts

)

Q2 Net $15.44

Income mln

Q2 Beat $21.90 $16.20

Adjusted mln mln (2

EBITDA Analysts

)

Q2 $10.18

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy."

* Wall Street's median 12-month price target for Willdan Group Inc ( WLDN ) is $94.00, about 6.4% above its August 6 closing price of $88.02

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)