Filing Flows › Willdan Group (WLDN) › Q1 2025
Willdan Group (WLDN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Willdan Group (WLDN) reported revenue of $152M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +6% from the quarter before. Operating margin was 4.6%, net earnings $4.7M (3.1% of revenue).
Willdan Group, Q1 2025: revenue $152M (+24% year over year), operating margin 4.6%, net earnings $4.7M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | +6% | +24% |
| Gross profit | $57.7M | +5% | +22% |
| Operating profit | $7.0M | -35% | +31% |
| Net earnings | $4.7M | -39% | +59% |
| Operating cash flow | $3.3M | -90% | -88% |
| Free cash flow | $1.0M | -97% | -96% |
What changed
Revenue was $152.4M in Q1 2025, up 24% year over year and up 6% from the previous quarter. Energy was the largest line at 83% of revenue. Energy added $25.5M year over year (up 25%), 85% of the total change.
Gross margin was 37.8%, down 0.9 points from a year earlier. Operating profit was $7.0M, a 4.6% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, above the 4% margin then. Operating expenses grew 20% against revenue growth of 24%. Net earnings were $4.7M, up 59% year over year. The effective tax rate was 9.7%.
Operating cash flow was $3.3M (down 88% year over year), 71% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $8.2M. Capital expenditures of $2.3M left free cash flow of $1.0M.
Questions
What was Willdan Group's revenue in the first quarter 2025?
Willdan Group (WLDN) reported revenue of $152M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +6% from the quarter before.
Was Willdan Group profitable in the first quarter 2025?
Operating profit was $7.0M (4.6% of revenue) and net earnings $4.7M.
Source: Willdan Group 10-Q on SEC EDGAR.