By Christopher Kuo
Willdan Group shares climbed after the company posted higher first-quarter profit and revenue, driven by improved productivity.
Shares of the engineering and energy consulting company rose 13% on Friday to $83.93. The company's shares have nearly doubled in price in the last year.
The company on Thursday posted a profit of $8.5 million, or 55 cents a share, compared with $4.7 million, or 32 cents a share, a year earlier.
"The results reflect strong demand for our energy solutions, with margin expansion driven by improved productivity and increased commercial customer mix," Chief Executive Officer Mike Bieber said.
Adjusted earnings came in at 91 cents a share, ahead of the 83 cents analysts surveyed by FactSet expected.
Net revenue rose 8.3% to $92.4 million, just edging ahead of the $92.2 million forecast of analysts, according to FactSet.
Willdan also raised its full-year outlook and now expects adjusted earnings per share of $4.90 to $5.05, and revenue of $410 million and $425 million this year. Analysts are forecasting adjusted earnings of $4.91 per share on revenue of $412.9 million.
Previously, the company had forecast 2026 adjusted earnings of $4.50 to $4.70 and revenue of $390 million to $405 million.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 08, 2026 11:51 ET (15:51 GMT)
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