Willdan Group delivered a strong Q2, with contract revenue up 33% YoY and organic net revenue growth accelerating to 18%. The raised FY26 guidance remains conservative, with upside potential tied to the $110M LADWP contract expansion and commercial mix inflection. Adjusted EBITDA margin hit a record 28.2%; balance sheet strength and 70%+ FCF conversion support further growth and M&A flexibility.
Willdan Group NASDAQ: WLDN reported record second-quarter profitability as revenue growth in commercial energy work, including data centers and battery storage projects, complemented continued demand from utility and municipal customers.
Willdan Group, Inc. (WLDN) Q2 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 3,179 | $285,135.24 | $245,355.22 | -$39,780.02 | -13.95% |
Curtis Ellergodt Rothschild Investment LLC | 15 | $850.84 | $1,148.1 | $297.26 | 34.94% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3 | $237.3 | $251.88 | $14.58 | 6.14% |
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 9,919 | $772,570.78 | $765,548.42 | -$7,022.36 | -0.91% |
| NA Nizar Araji National Bank Of Canada /FI/ | 4 | $316.4 | $344.96 | $28.56 | 9.03% |
| Construction & Engineering Industry | Industrials Sector | Michael A. Bieber CEO | NASDAQ (NMS) Exchange | 96924N100 CUSIP |
| US Country | 1,814 Employees | - Last Dividend | - Last Split | 21 Nov 2006 IPO Date |
Founded in 1964 and headquartered in Anaheim, California, Willdan Group, Inc. operates as a multi-faceted professional, technical, and consulting services firm in the United States. The company undertakes a wide range of services across two primary segments: Energy, and Engineering and Consulting. Willdan Group, Inc. caters to an extensive client base that includes public and governmental agencies such as cities, counties, redevelopment agencies, water districts, school districts, and universities. Additionally, it serves investor and municipal owned energy utilities, state and federal agencies, commercial and industrial firms, and various other special districts and agencies. The company's comprehensive approach combines technical expertise with practical experience to address the unique needs of its clients.
Willdan's Energy segment focuses on delivering a broad spectrum of services aimed at energy efficiency, demand reduction, and grid optimization. Its offerings include comprehensive audits and surveys, program design and master planning, benchmarking analyses, design engineering, construction management, and performance contracting. The segment also specializes in alternative financing, measurement and verification services, in addition to providing software and data analytics tools designed to enhance energy management strategies. This holistic approach enables clients to significantly reduce energy consumption and optimize grid performance.
The Engineering and Consulting segment of Willdan Group provides a wide array of services tailored to support the infrastructure and governance needs of its clients. These services include, but are not limited to, building and safety, city engineering and code enforcement, development plan review and inspection, and disaster recovery. It also covers geotechnical and earthquake engineering, planning and surveying, contract staff support, program and construction management, and water resources services. The segment goes further to offer specialized supports such as district administration, financial consulting, federal compliance services, and communications and technology services. Through these diverse offerings, Willdan ensures the resilience, safety, and sustainability of the communities and organizations it serves.