Quarterly ResultNov 5, 2026, 04:27 PM
Willdan Group Q3 Revenue Up 18%; Net Income Down 14%; Acquires Mantis Innovation
AI Summary
Willdan Group, Inc. reported its third quarter financial results for the period ended October 2, 2026. The company announced a 17.9% increase in contract revenue to $214.5 million and an 18.1% rise in net revenue to $112.2 million. However, net income saw a 13.6% decrease to $11.9 million, and GAAP Diluted EPS fell by 15.6% to $0.76. Adjusted EBITDA showed a positive trend, increasing by 22.4% to $28.3 million. The company also highlighted the closure of the Mantis Innovation acquisition and raised its fiscal year 2026 financial targets while introducing preliminary fiscal year 2027 targets.
Key Highlights
- Contract revenue increased 17.9% to $214.5 million in Q3 2026.
- Net revenue grew 18.1% to $112.2 million in Q3 2026.
- Net income decreased 13.6% to $11.9 million in Q3 2026.
- Adjusted EBITDA increased 22.4% to $28.3 million in Q3 2026.
- GAAP Diluted EPS was $0.76, down 15.6% in Q3 2026.
- Adjusted Diluted EPS was $1.20, down 0.8% in Q3 2026.
- Willdan raised FY2026 targets and introduced preliminary FY2027 targets.
- Closed the Mantis Innovation acquisition, the largest in company history.
Price Impact
More from WLDN