Willdan earnings beat by $0.11, revenue topped estimates

Willdan Group, Inc. (WLDN) set preliminary 2027 targets, aiming for $1B in contract revenue and over $140M in EBITDA after acquiring Mantis.

Willdan Group reported a 17% revenue increase to $322M for the first nine months of 2026, with adjusted EBITDA up 34% to $79.4M. The company acquired Mantis, expecting $75M in net revenue, and raised its 2026 outlook. Willdan aims for $1B in contract revenue and $140M in EBITDA for 2027. The acquisition was financed with a $250M term loan and revolver draw.

Willdan Group Inc (WLDN) reported Q3 2026 earnings with 18% YoY revenue growth, adjusted EBITDA up 22% to $28.3M, and raised full-year targets. The Mantis acquisition is expected to add $75M in net revenue. Net income decreased due to higher taxes and expenses. The company diversified its customer base and expects continued double-digit growth.

Willdan Group (WLDN) reported Q3 2026 earnings, highlighting 18% net revenue growth and 22% Adjusted EBITDA growth. The company diversified its customer base, reducing concentration risk and expanding into commercial markets. Willdan closed the Mantis acquisition, expecting $75M in net revenue with 35% EBITDA margin. Key contract wins include a $3.3B NYPA contract and projects for Con Edison and National Grid.

Willdan reported Q3 Non-GAAP EPS of $1.20, exceeding estimates by $0.14, while revenue of $214.5M missed expectations by $3.5M. The company also provided fiscal year 2026 targets, including revenue between $435M and $445M, adjusted EBITDA between $109M and $111M, and adjusted diluted EPS between $5.15 and $5.25.

Willdan Group (WLDN) received notices for 643 MW energy projects, including substations and battery storage systems. Projects span four states, with capacities ranging from 75 MW to 300 MW. CEO Mike Bieber noted the growing demand for energy infrastructure solutions.