Quarterly ResultMay 8, 2026, 06:08 AM
Willdan Q1 Net Income +82% to $8.53M; EPS $0.55
AI Summary
Willdan Group, Inc. reported a significant increase in net income and diluted EPS for the three months ended April 3, 2026, with net income rising 82% to $8.53 million and diluted EPS reaching $0.55. Contract revenue also saw a modest increase of 1.8% to $155.11 million. However, the company experienced a notable shift in cash flow from operations, moving from $3.31 million provided in the prior year to $24.37 million used in the current period, and a decrease in cash and cash equivalents.
Key Highlights
- Contract revenue increased 1.8% to $155.11 million for the three months ended April 3, 2026, from $152.39 million in the prior year.
- Net income rose 82% to $8.53 million for the three months ended April 3, 2026, compared to $4.69 million in the prior year.
- Diluted EPS increased to $0.55 for the three months ended April 3, 2026, up from $0.32 in the prior year.
- Gross profit grew 9.5% to $63.16 million for the three months ended April 3, 2026, from $57.66 million in the prior year.
- Net cash used in operating activities was $24.37 million for the three months ended April 3, 2026, compared to $3.31 million provided in the prior year.
- Cash and cash equivalents decreased to $28.28 million as of April 3, 2026, from $65.92 million as of January 2, 2026.
- Total stockholders' equity increased to $310.35 million as of April 3, 2026, from $304.85 million as of January 2, 2026.
Price Impact
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