| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 155.11 | 1.8% |
| Total Income | 155.11 | 1.8% |
| Expenditure | 147.82 | 1.7% |
| PBT | 7.25 | 39.7% |
| Net Profit | 8.53 | 81.9% |
| OPM | 4.70% | 0.08pp |
| NPM | 5.50% | 2.42pp |
| EPS | 0.58 | 75.8% |
Willdan Group Reports Q1 2026 Net Income Up 82.0% to $8.5 Million
08 May 2026 · 8 May, 1:55 am
Summary
Willdan Group, Inc. announced a strong start to fiscal year 2026, with first quarter contract revenue reaching $155.1 million, an increase of 1.8% year-over-year. Net revenue grew by 8.3% to $92.4 million, while net income surged by 82.0% to $8.5 million, demonstrating significant profit expansion. Adjusted EBITDA also saw robust growth, climbing 25.4% to $18.1 million, with margins improving to 11.7% of contract revenue and 19.6% of net revenue. Management expressed confidence in the company's energy solutions demand and productivity improvements, leading to raised 2026 financial targets, including an expected Adjusted EBITDA growth of 26% to 32% year over year.
Key Highlights
- 1
Willdan Group reported first quarter 2026 contract revenue of $155.1 million, marking a 1.8% increase year-over-year, or 9.6% on a normalized basis.
- 2
Net revenue for the quarter rose by 8.3% to $92.4 million, reflecting a 16.6% increase when normalized for the shorter fiscal period.
- 3
Net income saw a substantial increase of 82.0% to $8.5 million, which translates to a 96.0% rise on a normalized basis.
- 4
Adjusted EBITDA grew by 25.4% to $18.1 million, or 35.0% normalized, driven by strong demand for energy solutions and improved productivity.
- 5
GAAP Diluted EPS increased by 71.9% to $0.55, while Adjusted Diluted EPS rose by 44.4% to $0.91.
- 6
Subsequent to quarter end, Willdan completed the acquisition of Burton Energy Group, significantly expanding its services to the commercial market and strengthening its national presence.
- 7
The company is raising its fiscal year 2026 financial targets, now expecting Adjusted EBITDA growth between 26% and 32% year over year.
Management Comments
Mike Bieber
We are off to a strong start in 2026. The results reflect strong demand for our energy solutions, with margin expansion driven by improved productivity and increased commercial customer mix. Subsequent to quarter end, and announced earlier this week, we completed the acquisition of Burton Energy Group, which serves the Fortune 500 and more than doubles our services to the commercial market. Burton is a management consultant and solutions provider that strengthens our national presence, deepens our energy efficiency capabilities and adds energy procurement. Reflecting the strength of our underlying business and outlook, we are raising our 2026 financial targets and long-term margin goal. We now expect 2026 Adjusted EBITDA growth to increase by 26% to 32% year over year.
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