Willdan Group (NASDAQ: WLDN) reported Q4 EPS of $0.97, $0.14 better than the analyst estimate of $0.83. Revenue for the quarter came in at $61 million versus the consensus estimate of $58.19 million.

financial targets for fiscal 2020.

Fourth Quarter 2019 Summary

• Consolidated contract revenue of $129.4 million, an increase of 49.7%
• Net revenue of $61.0 million, an increase of 51.8%
• Diluted earnings per share of $0.27, an increase of 145.5%
• Adjusted diluted earnings per share of $0.97, an increase of 59.8%
• Adjusted EBITDA of $13.8 million, an increase of 110.4%

“This quarter was by far the strongest performance in Willdan’s history,” said Tom Brisbin, Willdan’s Chairman and Chief Executive Officer. “We continued to ramp up our business in Q4 and completed 2019 with 62.8% revenue growth over last year. As we execute on large market opportunities in California and New York, utilize the synergies we’ve created through our recent acquisitions, and leverage our expanded geographic presence and breadth of services, we believe we are well positioned for continued growth through fiscal 2020 and beyond.”

GUIDANCE:

Willdan Group sees FY2020 EPS of $2.47-$2.60, versus the consensus of $2.59. Willdan Group sees FY2020 revenue of $215-230 million, versus the consensus of $221.71 million.

Willdan provided the following financial targets for fiscal 2020:

• Net Revenue* of $215 million to $230 million
• Adjusted Diluted EPS* of $2.47 to $2.60
• Effective tax rate of approximately 17%
• Diluted share count of 12.0 million shares
• Depreciation of approximately $4.1 million
• Amortization of approximately $13.0 million
• Stock-based compensation of approximately $19.8 million
• Interest expense of approximately $4.5 million

The financial targets above do not include the effects of any transaction(s) that have not been completed as of the date of this press release. Over the long-term, Willdan continues to target both organic and acquisitive Net Revenue growth of greater than 10%, resulting in total Net Revenue growth of greater than 20% per year.

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