Willdan Group Reports Strong Q1 Results, Raises Full-Year 2026 Financial Targets
Summary
Willdan Group announced robust first-quarter financial results, exceeding prior year performance and subsequently raising its full-year 2026 financial targets and long-term margin goals.
Key Events
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Strong First Quarter Financial Performance
Willdan Group reported significant year-over-year growth for Q1 2026, with net income up 82.0% to $8.5 million, Adjusted EBITDA up 25.4% to $18.1 million, and GAAP Diluted EPS up 71.9% to $0.55.
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Raised Fiscal Year 2026 Financial Targets
The company increased its full-year 2026 guidance, now expecting Net Revenue between $410 million and $425 million, Adjusted EBITDA between $100 million and $105 million (representing 26% to 32% year-over-year growth), and Adjusted Diluted EPS between $4.90 and $5.05 per share.
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Increased Long-Term Margin Goal
Willdan Group also raised its long-term financial goal for annual Adjusted EBITDA to Net Revenue margin to the high 20s%.
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Acquisition of Burton Energy Group
The positive results and outlook follow the recently announced acquisition of Burton Energy Group, which is expected to expand commercial energy capabilities and strengthen national presence.
Analysis
Willdan Group delivered a strong first quarter, significantly exceeding prior year performance across key financial metrics. The substantial growth in net income and adjusted EBITDA, coupled with an upward revision of full-year 2026 financial targets and long-term margin goals, signals robust business momentum and increased confidence from management. This positive outlook is further bolstered by the recent acquisition of Burton Energy Group, which is expected to expand commercial market services and energy efficiency capabilities. Investors should view this as a strong indicator of operational strength and future growth potential.
At the time of this filing, WLDN was trading at $74.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $39.57 to $137.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.