Willdan Group, Inc. Q3 2025 Earnings Recap

Willdan Group's Q3 2025 results demonstrate robust growth with net revenues rising 26% year-over-year, driven by a strong organic growth rate and continued margin expansion.

Key Takeaways

• Achieved 20% organic growth, marking the fourth consecutive year of double-digit increases.
• Utility business growth remains strong, constituting 41% of revenue, supported by long-term contracts and a healthy funding landscape.
• Significant demand in engineering and consulting, particularly driven by data center projects; recent APG acquisition is performing well with expected 50% growth in 2026.
• Total backlog of projects continues to strengthen, with notable contracts including a $97 million project for Alameda County.
• Company raised full-year financial targets based on positive performance outlook and sustained demand across segments.