Willdan Group (WLDN) Tops Q3 EPS by 2c, Beats on Revenues; Offers FY17 EPS/Revenue Outlook

Willdan Group (NASDAQ: WLDN) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $69 million versus the consensus estimate of $60.39 million.

Outlook

Willdan updated the following financial targets for fiscal year 2017:

• Total contract revenue of $255 - $265 million
• Diluted earnings per share of $1.12 - $1.18
• Effective tax rate of approximately 40% for the remaining quarter
• Diluted share count of 9.25 million shares
• Depreciation of $1.6 million
• Amortization of $2.7 million

Third Quarter 2017 Highlights

• Total contract revenue of $69.0 million, an increase of 18% over prior year
• Organic revenue growth (as defined below) was 16% in the third quarter
• Income from operations of $4.2 million, an increase of 37% over prior year
• Diluted earnings per share of $0.31

GUIDANCE:

Willdan Group sees FY2017 EPS of $1.12-$1.18, versus the consensus of $1.17. Willdan Group sees FY2017 revenue of $255-265 million, versus the consensus of $259.31 million.

For earnings history and earnings-related data on Willdan Group (WLDN) click here.

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