Willdan Group, Inc. (WLDN) Form 10-Q — Nov 5, 2026
Willdan Group reported Q3 fiscal 2026 contract revenue of $214.5 million, up 17.9% year over year, with nine-month revenue of $600.7 million, up 18.3%. However, Q3 net income declined 13.6% to $11.9 million (diluted EPS $0.76 vs $0.90) on sharply higher G&A, stock comp, and income tax expense. The bigger story is M&A: the quarter saw the Burton Energy Group contribution ($51.3M nine-month revenue) and KCS closed in August, and just after quarter end on October 30, 2026 Willdan closed the $285 million all-cash acquisition of Mantis Intermediate Holdings.
Key figures
- Eps
- 0.76
- Revenue
- 214527000
- Net Income
- 11861000
- Total Debt
- 61,637,000 notes payable (current + non-current) plus $35.0M revolver and $250.0M new term loan borrowed on October 30, 2026
- Revenue Yoy
- 17.9% (Q3); 18.3% nine months
- Total Assets
- 645922000
- Cash Position
- 39155000
- Shares Outstanding
- 15326126
- Goodwill
- 223204000
- New term loan
- 250000000
- Gross profit q3
- 82453000
- Q3 2025 revenue
- 182006000
- Nine month revenue
- 600669000
- Q3 2025 net income
- 13721000
- Revolver borrowing
- 35000000
- Operating income q3
- 16304000
- Q3 2025 diluted eps
- 0.9
- Nine month net income
- 44736000
- Nine month diluted eps
- 2.89
- Burton acquisition total
- 73170000
- Mantis acquisition price
- 285000000
- Remaining performance obligations
- 492600000
AI analysis
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