Willdan Q2 Revenue More Than Doubles Consensus, EPS Crushes Estimates
WLDN sits 32% above its 52-week low of $64.665.
Summary
Willdan's Q2 2026 revenue of $231M more than doubled consensus, with adjusted EPS of $1.58 crushing estimates. The Energy segment and Burton acquisition fueled the beat, though cash declined and debt rose to fund growth.
Key Events · Earnings and Guidance · WLDN
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Q2 Revenue More Than Doubles Consensus
Contract revenue of $231 million exceeded the $102 million consensus by over 125%, driven by a 38% surge in the Energy segment and the Burton Energy Group acquisition.
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Adjusted EPS of $1.58 Crushes Estimates
Diluted EPS of $1.58 compared to $1.03 a year ago, with operating income up 67% to $19.7 million, reflecting strong operating leverage.
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Burton Acquisition Adds $27.9M in Revenue
The May 4, 2026 acquisition of Burton Energy Group contributed $27.9 million in revenue and $2.6 million in operating income during the quarter.
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Cash Declines, Debt Rises to Fund Growth
Cash and equivalents fell to $34.9 million from $65.9 million at year-end, while the company drew $30 million on its revolving credit facility to fund the Burton acquisition, with $20 million outstanding.
Analysis · WLDN · Trade & Services
A massive Q2 beat reshapes the narrative around demand and execution. Contract revenue of $231 million more than doubled the $102 million consensus, while adjusted EPS of $1.58 trounced expectations. The Energy segment led the charge, with revenue up 38% year-over-year, amplified by the Burton Energy Group acquisition. Operating income jumped 67% to $19.7 million. The balance sheet, however, reflects the cost of growth: cash fell to $34.9 million from $65.9 million at year-end, and the company drew $30 million on its revolver to fund the Burton deal. Against a backdrop of recent insider selling by the CEO, this blowout quarter resets the narrative around demand strength and execution.
At the time of this filing, WLDN was trading at $85.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $64.67 to $137.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.